Long-time Seattle Bubble commenter Eleua points out a particularly disturbing portion of the version of the bailout that the Senate is set to vote on tonight: SEC. 112. COORDINATION WITH FOREIGN AUTHORITIES AND CENTRAL BANKS. The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar…
Tag: government_meddling
Breaking: House Votes Down $700B Bailout
Incredible. Even with voter feedback at 100 to 1 against (source), 141 Democrats and 65 Republicans still voted for the bailout. The fate of a controversial $700 billion financial bailout plan was in doubt Monday as a House vote turned against it. The next steps were not immediately clear but supporters were scrambling to put…
Poll: Will you vote for politicians that vote for the bailout?
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Latest Dangerous Bailout Possibly Stoppable
Here’s an update on the latest ridiculous, expensive, and dangerous bailout that’s been floating around D.C. the past week. Here’s a decent breakdown of what exactly this bailout entails. First up, it is beginning to appear that this particular bailout may not actually be shoved through by the yes-men in congress. While the Democratic leaders…
Poll: $700 Billion Financial Industry Bailout:
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 09.28.2008.