The FBI has four major US financial institutions in its crosshairs for triggering the potential collapse of Wall Street and the need for a $700 billion federal bailout plan, law-enforcement officials said yesterday.

http://www.nypost.com/seven/09242008/news/nationalnews/bailout_big_4_in_fraud_probe_130493.htm

I personally would like to see some of these aholes go to jail.. Especially the former head of Fannie May, now obama advisor, who walked away with 22 million of taxpayer dollars.

Congressional Republicans on Tuesday voiced their strongest objections to date about the Bush administration’s $700bn financial rescue plans, dealing a blow to White House ambitions for them to be quickly approved.

As Hank Paulson, Treasury secretary, and Ben Bernanke, chairman of the Federal Reserve, predicted grim consequences if the plan were rejected, the Republicans’ Senate leadership called for new provisions on executive pay, which the administration opposes, while others cast doubt on the whole package.

http://www.ft.com/cms/s/0/cdfbdcb6-89a3-11dd-8371-0000779fd18c.html

Ben says we must “move quickly” on this measure.. Last time I heard that, I was at a used car lot.

fred - 24 September 2008 07:33 AM

The FBI has four major US financial institutions in its crosshairs for triggering the potential collapse of Wall Street and the need for a $700 billion federal bailout plan, law-enforcement officials said yesterday.

http://www.nypost.com/seven/09242008/news/nationalnews/bailout_big_4_in_fraud_probe_130493.htm

I personally would like to see some of these aholes go to jail.. Especially the former head of Fannie May, now obama advisor, who walked away with 22 million of taxpayer dollars.

I hope they do something but by next year when this bailout is over, they will probably let all these guys off the hook.

WASHINGTON — Executives whose companies get a piece of the $700 billion government bailout will have their pay packages strictly limited under proposals that are broadly supported by both Republicans and Democrats in Congress.

The Bush administration was resisting the move as it scrambled to overcome widespread misgivings on Capitol Hill and swiftly push through its plan to rescue tottering financial firms by buying up their rotten assets.

Lawmakers in both parties are demanding changes to the administration’s rescue proposal despite dire warnings from top economic officials of recessions, layoffs and lost homes if Congress doesn’t approve it quickly. Both parties’ presidential candidates also insist on alterations to the drastic prescription.

http://www.foxnews.com/story/0,2933,426849,00.html

Bush needs to step aside on this executives package restrictions.. These aholes should not be rewarded for failure, and raping the American investor.

fred - 24 September 2008 08:59 AM

WASHINGTON — Executives whose companies get a piece of the $700 billion government bailout will have their pay packages strictly limited under proposals that are broadly supported by both Republicans and Democrats in Congress.

The Bush administration was resisting the move as it scrambled to overcome widespread misgivings on Capitol Hill and swiftly push through its plan to rescue tottering financial firms by buying up their rotten assets.

Lawmakers in both parties are demanding changes to the administration’s rescue proposal despite dire warnings from top economic officials of recessions, layoffs and lost homes if Congress doesn’t approve it quickly. Both parties’ presidential candidates also insist on alterations to the drastic prescription.

http://www.foxnews.com/story/0,2933,426849,00.html

Bush needs to step aside on this executives package restrictions.. These aholes should not be rewarded for failure, and raping the American investor.

I applaud you for speaking out against this because Bush is very wrong to even try to bail his friends out of the mess they made.

“We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself.”

-- The 2008 Republican Party Platform, adopted earlier this month.

Ooops.

Trollfessor - 24 September 2008 01:39 PM

“We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself.”

-- The 2008 Republican Party Platform, adopted earlier this month.

Ooops.

That one has to really hurt.

DM1 - 24 September 2008 03:43 PM

Trollfessor - 24 September 2008 01:39 PM

“We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself.”

-- The 2008 Republican Party Platform, adopted earlier this month.

Ooops.

That one has to really hurt.

Most republicans are against the bailout.

fred - 24 September 2008 03:44 PM

DM1 - 24 September 2008 03:43 PM

Trollfessor - 24 September 2008 01:39 PM

“We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself.”

-- The 2008 Republican Party Platform, adopted earlier this month.

Ooops.

That one has to really hurt.

Most republicans are against the bailout.

President Bush is still the head man of the party and he wants his friends to still be paid in this bailout.

DM1 - 24 September 2008 03:47 PM

fred - 24 September 2008 03:44 PM

DM1 - 24 September 2008 03:43 PM

Trollfessor - 24 September 2008 01:39 PM

“We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself.”

-- The 2008 Republican Party Platform, adopted earlier this month.

Ooops.

That one has to really hurt.

Most republicans are against the bailout.

President Bush is still the head man of the party and he wants his friends to still be paid in this bailout.

I’m for holding these guys feet to the fire.. But Bush’s motivation is not to enrich his friends.. On this one you’re wrong.  Quit your hating boy, Bush is a good man.