Hurrah for the House Republicans, they wont go for it.

Some doofus on the radio filling for Hugh Hewitt said House Republicans "cant be so naive" as to rely on private capital to save US banks

He apparently forgot thats the source of the $700 billion under the Paulson plan, the US govt doesnt have $700 billion to lend so it was gonna sell bonds.

So all these hoarding banks have to do is make an offer as yummy as a Tbill. Some equity and voting rights might do it.

Each day I get more and more pissed at this "crisis".  Banking gets a lot of perks and privileges because we decided it cant be cut-throat, it must be responsible and cooperate in the national interest. There's laws preventing businesses from using the word "bank" in their title unless they do a ton of regulations. Thats a lot of protection for these banks. What cooperation are we getting?--a threat to hoard cash and let credit dry up and the economy collapse-- that is of course unless we pay SEVEN HUNDRED BILLION DOLLARS (pinkie kiss)

Well screw them. I say we go to 200 global billionaires, get a down payment of $500 million from each of them, and form a new bank with $100 billion in assets and NO bad mortgages. You think that sucker wouldnt get a lot of pennyante action on Wall St?  And it could start making loans that US banks dont feel like making. You think they might get a change of perspective?  It could probably happen by Thanksgiving. Cost to taxpayers $0. Of course it also screws big K Street donors so they'd squeal, but I got a trillion reasons not to give a damn.

True!  Vocab points to soth!

Uh that is what Bush said a week ago...

Wall Street Journal reported cash reserves by banks was normally 2 billion dollars, last week it jumped to 90 billion. And they are loaning out at nearly a percentage point higher than they get it from the Federal Reserve.

So it is not that they lack assets, they just imagine there's an unknown degree of default about to hit them and they're hoarding.

I disagree with the expert official opinion. I dont see this as the crisis of the century, the pattern was repeated in 1987 and 1999. The main problem is sloppy banking buying unknown loans and mutiny by the Federal Reserve, that was supposed to coordinate to avoid such selfish hoarding contrary to the national interest.

Now we are asked to destroy our budget, give a permanent guarantee to slipshod hucksters, and maybe socialize wall street too if the Democrats have their way.

Better to do nothing, take a quarter's recession, and let Arabs and Japanese make the loans US lenders wont dare make.

We should do nothing and let recession smash some crooks.

Arr me buckos!  Pirate day be here'n our hearts! Yo ho ho an' a bottle o'rum!

It's asinine.  He should have just gone back to Washington and yakked to them AS PART OF HIS CAMPAIGN TO GET ELECTED PRESIDENT.  Or is he acting as Senator from Arizona to establish the powers of the Obama Administration?

I don't want a bailout anyhow, and I feel sure nobody is spinning their wheels waiting to hear from McCain.

I find it odd McCain would say he would never forgive "the gooks" when he forgave "the gooks" 15 years ago to great fanfare

When did McCain say that?  McCain went back to Vietnam in 1990s and shook hands with the Commies and worked to normalize relations.

http://www.youtube.com/watch?v=yt9Q-WQnduc

Found it in 15 mins of reading your post! USA! USA! USA! USA! USA! USA!

I never saw the ad or heard the song before.  But if you Google the lyrics it leads you to the song title by Air Supply, and you can look up the song in Wikipedia and it lists pop-culture references to the ad.  Then you can search 4chan or youtube for the ad itself.

I'd still rather watch an hour of UNEDITED Chuck Jones Looney Tunes features

CERN announced the smasher is out until spring

they yanked too hard starting the two-stroke motor and cracked the plastic casing around the spark plug