Inside an intense White House meeting over the financial crisis on Thursday, where nearly every key player came to an agreement on the outlines of the bailout package, Sen. John McCain stuck out. The Republican candidate, according to sources with direct knowledge, sat quiet through most of the meeting, never offered specifics, and spoke only at the end to raise doubts about the rough compromise that the White House and congressional leaders were nearing.
McCain’s reluctance to jump on board the bailout agreement could throw the entire week-long negotiation into a tailspin. Sen. Chris Dodd, after leaving the White House, suggested on CNN that the tenuous process could be derailed by what he viewed as McCain’s political motives.
Add to that the latest weirdness like the Letterman debacle, Palin’s utter inability to say anything beyond the party line (after weeks of coaching) in the Couric interview (and even that badly), and all the rest (the sheer volume of distortions, missteps and what have you is mind boggling) and you have to wonder what’s next. Could the TV talking heads be right that just before the election McCain will ‘see the light’ and replace Palin with a heavyweight? Will McCain himself step aside, for the good of the country, allowing an even bigger heavyweight to run for President? In a campaign as goofy as this, I’ve reached the point where I believe anything is possible.
For all Obama’s faults, even if you disagree with his policies, wouldn’t you rather have him in the White House than the mess that McCain/Palin is daily showing they are?
Anyway, as Washington plays politics, more of our financial underpinnings crumble.
JPMorgan Chase acquired the banking assets of Washington Mutual late Thursday after the troubled thrift was seized by federal regulators, marking the biggest bank failure in the nation’s history and the latest stunning twist in the ongoing credit crisis.
Under the deal, JPMorgan Chase will acquire all the banking operations of WaMu, including $307 billion in assets and $188 billion in deposits.
#55
You’re not old enough to vote are you? Do your parents know that you’re skipping school?
3rd times a charm – Funny the above link works anywhere else
http://www.youtube.com/results?search_query=burning+down+the+house&search_type=&aq=f
#3
This wasn’t just some heiress to the family fortune. She was personally involved in the failures.
Sworn deposition testimony puts Penny Pritzker not only on the board of the bank and its holding company, Coast, but personally leading the meeting to persuade regulators to let the bank into the subprime market.
Here’s a link to all the depositions.
http://gallery.mac.com/sissoed#100453
Funny that I know of NO one that supports the bailout whether democrat or republican. Why the hell is government not caring about what we have to say… because they don’t have to care.
Fuck it, I am going to go be a lettuce farmer in “the woods” somewhere with my camo clothes.
#61 – Hannah
>>You’re not old enough to vote are you? Do
>>your parents know that you’re skipping school?
Whoa. Strike another deadly blow for the 15-year-old girl!
#63 – Lyin’ Mike
>>Sworn deposition testimony puts Penny
>>Pritzker not only on the board of the bank
>>and its holding company, Coast, blah blah
>>blah
Sorry Lyin’ Mike. That “link” doesn’t even load.
Everything I’ve read states that she was just a figurehead, sucked into the maelstrom caused by Uncle Jay.
If you have a REAL link to the contrary (and no, I’m not accepting World Net Daily or an Ann Coulter column), let’s see it.
Otherwise, your claims will be dismissed as just more of Lyin’ Mike’s lyin’.
/the wind blows in….
one side says more federal intrusion, the other side says less federal intrusion etc etc..
the simple solution that only one or two here has pointed out is that all anybody here seems to care about is their parties agenda.
-when all that is needed is someone just has to have the balls to implement “you will be held accountable for your actions right down to the last nickel. -you screw over the public, you get stiff fines *and* 10yr+, no-parol (and no Fed country club jails either)jail terms to those who game/scam the system”
being Bubba’s bitc* on Rikers Island sounds like a fair place to server your jail term for burning the public.
done.
imo, both parties are guilty of making sure that nothing of this sort of action/law never sees the light of day.. -they all have money sticking out their hole.
we MUST HAVE unequivocal accountability across the board in our government, the banks and wall street. until that happens, anything either side proposes is just feel good fluff put out to dupe the public and pull votes and money to further “the money masters” agenda
i mean come on..the SEC found all the major bank players JPmorgan, Citigroup, BoFA…guilty of fraud in the housing repack of the auction rate securities throughout june, july and august of 2008, fining them millions and forced them to buy back the billions of fraudulent securities they foisted on the little fish.
-on top of the that, goldman sachs and morgan stanly (securities divisions) were also fined and forced to buy back the billions of crap securities they repacked and sold (several times over in some cases)
and do we hear of anyone at top of these companies being arrested and jailed?? -not that i have found..
-like fining these guys makes any difference..they just add some zero’s
in the computer for the next days trades..oh the pain.. :s
topping it all off they going to let G.sachs and morgan stanly` become banks now too?? OMFG…where is the headline stories and outrage on all this complete bull****
why still is nobody going to jail??
talk about letting the wolfs guard the hen house..
the system has been straight up gamed for a century or more… until they put hard core accountability laws for fraudulent manipulation and out right lying/scamming on books, it doesn’t make a hill of beans which
party’s glue you sniff.
when are all you left wingnut/right wingnut suckers going to get it through your brainwashed skulls that the banks own you, your thoughts and your favorite party..
step way back and look at the grand picture… stop buying into all the Us vs Them bullsh**
and *think for yourself* for a change..
just maybe, you’ll finally start to be part of the solution and not one of the millions of pawns conned/hired on to help “keep the problem” alive..
-accountability for actions. simple
(but….just see how long you live when you put the bill up on capital hill though..) :S
-s
pss, and of course, abolish The Fed and give us back our right to print our own, interest free money. -JFK was about to do that..look what happened to him.. its no easy task to be sure.