Ray Lopez

The Bailouts Are Doomed - All of Them

Good point. And I believe that on the second bailout bill, Shelby, who talked tough about being against the bailout the first time, even walking out from a meeting with the president, actually voted for the bailout the second time. Hypocracy, aka politics as usual. Apparently the pro-bailout forces inserted a provision giving Alabama (Shelby's state) certain benefits, which Shelby took and changed his vote.


On Jan 05 12:18 PM Lets just tell facts wrote:

> Christopher Dodd was NOT the Chariman of the Senate Banking committe
> for the past 8 years, in fact Senator Dod has only been chairman
> since the fall of 2007.
> The Good Republican Senator Shelby of Alabama was the Chairman of
> the Senate Banking Committee prior to Dodd and it should be that
> same Senator you cast your blame on.
>
> Perhaps you have been distracted in the last 8 years, the Republican
> Party has been in total control of the money and how it was spent!
> None of the Major committees had Democratic leadership until November
> 2007.

The Truth About Bailouts

Oh I get it. You didn't get yours, and you want the taxpayers to give it to you.

We'll see about the revolution you ask for. Don't be surprised if you end up in jail.

RL


On Nov 23 12:00 PM The GM kid wrote:

> Very good Mr. Schiff, I agree this may be the only way, however by
> throwing Billions at Wall Street and continuning to throw billions
> at wall street, the stage is set between Blue Collar workers (have
> nots) and the greedy,very well paid, Big Bonus White Collars.

> Oh I get it, punish me and the auto workers for all of the unpunished
> WHite Collar CRIME at AIG.... That Makes sense. NOT
>

Bail Out Capitalism, Not Detroit

Balderdash! Your last paragraph, author, does not jive with your belief in "bailouts being necessary" for the finance sector. What hypocrisy! You work in the finance sector obviously.

Detroit is Hemorrhaging

Most economists will tell you with economies of scale, you only need a handful of places to do stuff. Why not let Osaka, Japan make green cars? Toyota would welcome it I'm sure. And the laid off Detroit workers can retool either in retirement or learning some new skill.