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the news, in reddit headlines

Anyone think it’s weird to be stampeded into a $700B solution to the worst crisis since the Great Depression by the people who brought us the worst crisis since the Great Depression? (nytimes.com)

What nobody's saying: The bailout will kill the U.S. dollar (afterdowningstreet.org)

How about you LET THE FUCKING FREE MARKET HANDLE IT then? If they want taxpayer funds to bail out their incompetence, they give up equity (dailykos.com)

Rescue plan even worse than it seems: Banks' toxic assets would be bought for TWICE their market value! Banks actually making massive profits from this proposal! (news.bbc.co.uk)

The text reads the bailout "shall be limited to $700,000,000,000 outstanding AT ANY ONE TIME." This means that $700 billion is a rolling amount, there is NO LIMIT to the potential size of this bailout (chrismartenson.com)

The government's preferred solution to the crisis is the very thing that got us into this mess in the first place (cnn.com)

Emergency? White House admits to planning bailout for MONTHS (dailykos.com)

Bailout plan same as Patriot Act -- drawn up months in advance and looking for a crisis to take advantage of (dailykos.com)

FromThe 08 Repub Party Platform: "WE DO NOT SUPPORT GOV BAILOUTS OF PRIVATE INSTITUTIONS" (gop.com)

House Republicans rise up against Cheney to oppose bailout. Wow. (politico.com)

"We don't have the money to wipe out poverty. We can't do it. But all of a sudden, yeah, we do have $700 billion for a bailout of Wall Street."
(democracynow.org)

...

Dear American: I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude. I am Ministry of the Treasury of the Republic of America. (theseminal.com)



Comments

( 4 comments — Leave a comment )
travspence
Sep. 24th, 2008 04:42 am (UTC)
Ok, that does it. I'm getting drunk and staying there. :-/
rushomancy
Sep. 24th, 2008 10:36 pm (UTC)
I would too, but I can't afford booze :(
clipdude
Sep. 24th, 2008 06:09 am (UTC)
The more I read about this bailout, the more skeptical I am about it. I really think we need to slow down and be very careful about it.
waitingforoct
Sep. 24th, 2008 03:42 pm (UTC)
What nobody's saying: The bailout will kill the U.S. dollar

Actually, this is exactly what I said in my letter to Kyl's office this weekend.
( 4 comments — Leave a comment )
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