Bail out has lobbiest spinning in background

Photo by Gerald: CR 2008

STORY: Bail out planning so far: Washington Post:

Banks are objecting to some proposals.

Banks got USA into this, I don't give a damn

what they object too.

Republicans holding out for more Taxpayer

and consumer protection.

Sen. John McCain shows Guts in face of Banking power.

George Mad.

"Frank said the primary remaining point of contention between Democrats and Republicans is a proposal to give bankruptcy judges new power to modify mortgages for troubled homeowners, an idea that is widely viewed as a bargaining chip. Democratic presidential candidate Sen. Barack Obama (Ill.) has said the provision, which is fiercely opposed by the banking industry, should not be included in the bill"

Barack is concerned with what the Banks want....

WTF?

Gerald

Biggest bail out in the history of the world.G

Bush appeals for quick approval of $700bn bailout plan. UK demands share

Economists warned Friday afternoon, Sept. 26, that if Congress fails to act in time, there will be “bloodbath” on world markets. The warning followed a rebellion in President George W. Bush’s own Republican party which disrupted negotiations on the verge of approving the $700 billion package approved by the White House to save foundering financial institutions by buying bad debts.

It was led by presidential candidate John McCain. Democratic leaders said the insertion of presidential politics had torpedoed seven days of negotiations.

British prime minister Gordon Brown has applied for a share of the bail-out to rescue UK banks. 
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