Tuesday, September 30, 2008

$700 billion - it's just taxpayers money - sign the cheque!

“No supervision. No discipline. And if you fail, you will have a golden parachute and the taxpayer will bail you out.” - Nancy Pelosi

“I think we will be back in a couple of days with a proposal more palatable to more members,” said Representative John Yarmuth, a Kentucky Democrat who voted against the plan. “You don’t make the biggest financial decision in the history of this country in a few days’ time without hearings.” - NYT
clipped from www.nytimes.com

“This is a huge cow patty with a piece of marshmallow stuck in the middle of it and I am not going to eat that cow patty,” said Representative Paul Broun, Republican of Georgia.

“Nobody wants to do this,” said Representative Edward J. Markey, Democrat of Massachusetts, who nonetheless voted for it. “Nobody wants to clean up the mess created by Wall Street recklessness.”

Three Weeks of Financial Turmoil

“Stay tuned,” said Ms. Pelosi, who seemed physically drained. But she added: “What happened today cannot stand. We must move forward, and I hope that the markets will take that message.”

“This is playing with fire,” Mr. Walden said. “It’s very, very dangerous.”

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