{"id":2823,"date":"2008-09-25T07:45:49","date_gmt":"2008-09-25T14:45:49","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=2823"},"modified":"2008-09-25T07:45:49","modified_gmt":"2008-09-25T14:45:49","slug":"latest-dangerous-bailout-possibly-stoppable","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2008\/09\/25\/latest-dangerous-bailout-possibly-stoppable\/","title":{"rendered":"Latest Dangerous Bailout Possibly Stoppable"},"content":{"rendered":"

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<\/a>.<\/p>\n

First up, it is beginning to appear that this particular bailout may not actually be shoved through by the yes-men in congress<\/a>.<\/p>\n

While the Democratic leaders of the Senate and the House of Representatives have pledged to pass a bailout plan within days – with amendments – the Republican leaders and members of both chambers are much less enthusiastic. Whether rebellion among rank-and-file members is growing enough to threaten the passage of any bailout plan was a question hanging over negotiations Tuesday between Congress and the administration.<\/p><\/blockquote>\n

Of course, their reasoning on why this bailout is a bad idea is somewhat lacking:<\/p>\n

Meanwhile, Senate Banking Committee members from both parties took turns venting their anger at the administration’s proposal and what Chairman Christopher Dodd, D-Conn., called the “economic maelstrom” that brought things to this point.
\n…
\nDodd warned that the package “would do nothing to help even a single family save a home. It would do nothing to stop even a single CEO from dumping billions of dollars in toxic assets on the backs of taxpayers – and walking away with a bonus and a golden parachute.”<\/p>\n

He said that any plan that passed Congress must include terms to ensure at least three principles: strong oversight of the government effort to bail out troubled firms, a way to keep people facing foreclosure in their homes and terms that give taxpayers “assurance that their hard-earned money is being used correctly and responsibly.”<\/p><\/blockquote>\n

Great. So in the minds of the Senators, the bailout is a bad idea because it doesn’t go far enough<\/i>. Outrageous. Here’s another article on that specific subject: Groups say bailout doesn’t do enough for struggling homeowners<\/a><\/p>\n

Again, I can’t help but be cynical about how much our voices really matter when we’re up against the big-money interest in D.C., but I still would urge us all to contact our Senators and Representatives to voice our strong opinions against a bailout of any<\/b> kind—from high-rolling Wall Street executives to foolishly overextended home “owners.”<\/p>\n

Here’s how to contact our Senators:<\/p>\n

Maria Cantwell:<\/strong><\/p>\n

Phone: (202) 224-3441
\nFax: (202) 228-0514
\nEmail Form<\/a><\/p><\/blockquote>\n

Patty Murray:<\/strong><\/p>\n

Phone: (202) 224-2621
\nFax: (202) 224-0238
\nEmail Form<\/a><\/p><\/blockquote>\n

Use the form in the upper-left of this page<\/a> to find the contact info for your Representative.<\/p>\n

We “constituents” can be heard if we are loud enough<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[198],"tags":[282,398,104],"coauthors":[],"class_list":["post-2823","post","type-post","status-publish","format-standard","hentry","category-news","tag-bailout","tag-congress","tag-government_meddling"],"yoast_head":"\nLatest Dangerous Bailout Possibly Stoppable \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2008\/09\/25\/latest-dangerous-bailout-possibly-stoppable\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Latest Dangerous Bailout Possibly Stoppable \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"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...\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/09\/25\/latest-dangerous-bailout-possibly-stoppable\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2008\/09\/25\/latest-dangerous-bailout-possibly-stoppable\/\",\"name\":\"Latest Dangerous Bailout Possibly Stoppable \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"datePublished\":\"2008-09-25T14:45:49+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/09\/25\/latest-dangerous-bailout-possibly-stoppable\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2008\/09\/25\/latest-dangerous-bailout-possibly-stoppable\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/09\/25\/latest-dangerous-bailout-possibly-stoppable\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Latest Dangerous Bailout Possibly Stoppable\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.\",\"sameAs\":[\"http:\/\/SeattleBubble.com\/\",\"http:\/\/facebook.com\/is.totally.pointless\",\"https:\/\/x.com\/The_Tim\"],\"url\":\"https:\/\/seattlebubble.com\/blog\/author\/timothyellis\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Latest Dangerous Bailout Possibly Stoppable \u2022 Seattle Bubble","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/seattlebubble.com\/blog\/2008\/09\/25\/latest-dangerous-bailout-possibly-stoppable\/","twitter_card":"summary_large_image","twitter_title":"Latest Dangerous Bailout Possibly Stoppable \u2022 Seattle Bubble","twitter_description":"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...","twitter_creator":"@The_Tim","twitter_site":"@SeattleBubble","twitter_misc":{"Written by":"The Tim","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/seattlebubble.com\/blog\/2008\/09\/25\/latest-dangerous-bailout-possibly-stoppable\/","url":"https:\/\/seattlebubble.com\/blog\/2008\/09\/25\/latest-dangerous-bailout-possibly-stoppable\/","name":"Latest Dangerous Bailout Possibly Stoppable \u2022 Seattle Bubble","isPartOf":{"@id":"https:\/\/seattlebubble.com\/blog\/#website"},"datePublished":"2008-09-25T14:45:49+00:00","author":{"@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f"},"breadcrumb":{"@id":"https:\/\/seattlebubble.com\/blog\/2008\/09\/25\/latest-dangerous-bailout-possibly-stoppable\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/seattlebubble.com\/blog\/2008\/09\/25\/latest-dangerous-bailout-possibly-stoppable\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/seattlebubble.com\/blog\/2008\/09\/25\/latest-dangerous-bailout-possibly-stoppable\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/seattlebubble.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Latest Dangerous Bailout Possibly Stoppable"}]},{"@type":"WebSite","@id":"https:\/\/seattlebubble.com\/blog\/#website","url":"https:\/\/seattlebubble.com\/blog\/","name":"Seattle Bubble","description":"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f","name":"The Tim","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70","url":"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g","caption":"The Tim"},"description":"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.","sameAs":["http:\/\/SeattleBubble.com\/","http:\/\/facebook.com\/is.totally.pointless","https:\/\/x.com\/The_Tim"],"url":"https:\/\/seattlebubble.com\/blog\/author\/timothyellis\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6wh0F-Jx","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts\/2823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/comments?post=2823"}],"version-history":[{"count":0,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/posts\/2823\/revisions"}],"wp:attachment":[{"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/media?parent=2823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/categories?post=2823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/tags?post=2823"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seattlebubble.com\/blog\/wp-json\/wp\/v2\/coauthors?post=2823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}