What are the new provisions in Senate version of bailout bill? Tax cuts!

Stop playing politics, jerk! This is not Obama’s mess but Repiglicans who come and go to Wall Street. Barack is one of many trying to save us from Bush-led catastrophy.

The dems and barrack passed legislation forcing banks to make high risk loans to low income households, thus causing the housing bubble. Watch the CSPAN video from 2004, the dems defend Fannie/Freddie even though these government backed banks caused this crisis. McCain tried to stop these fatal policies. So it’s not politics, just the truth … socialistic programs don’t work!

Are you kidding me? Everyone needs to wise up and recognize that are two-party system is the problem…both sides have been jerking the public around for years, gambling with and trading U.S. citizens rights in exchange for political and personal self interests. Answer this…if government backed social programs don’t work then why are free market capitalists asking for a socialist bail out from the taxpayers? I guess capitalists only want deregulation when it benefits them but when government welfare keeps their jeopardized ‘interests’ safe and comfy then they seem to be just begging for a socialist solution to come to the rescue! Why can’t anyone see through this charade…this is not a financial problem! It is a political problem! BTW: This bill puts unprecedented financial power into the hands of one man…sound like a familiar mistake?

Isn’t barney frank the one that pushed for these sub prime loans to be made when we were already seeing trouble. Obama is a part of that party, is he not. Both parties have put our economy in jeopardy so let’s just stop blaming one party. The ignorance is repulsive.

I wonder how many of those who are commenting on the bill have really taken the time to read it and fully understand it. By the way, bailout? How many of those Wall Street guys we are supposedly “bailing out” are left? Those who understand the credit markets clearly understand the necessity of getting something done. And, when it is all said and done, it will NOT cost $700b. Yes, it is sad state of affairs, and if you want to blame someone, blame our government who failed in their duties to you by failing to ensure effective regulation of the both commercial and investment banks, along with Fannie Mae and Freddie Mac.

John McCain has been down this path before.

Politics should be about Main Street, not Wall Street.

Here’s the story. In the late 1980s, John McCain was caught red-handed as a member of the Keating Five in an effort to pressure regulators to go easy on a political donor. Fast forward twenty years, and John McCain’s campaign for the presidency is crawling with banking and mortgage lending lobbyists who are raising money for him — including his campaign manager who had a $15,000 no-show contract with Freddie Mac for more than two and a half years.

McCain was involved in arguably the largest ethics scandal to hit the U.S. Senate, but rarely has anyone talked about it this campaign season. His intervening years pursuing modest campaign finance reform seem to have eclipsed everyone’s memory, including those in the media. But in this campaign, McCain has taken no clear position on what further campaign reforms he would pursue to rein in the power of political donors — including his own. Importantly, he’s backing away from his previous support for Fair Elections modeled programs.