The Senates "Don't call it a bailout" plan

[Valiente]

Originally Posted by tdw

Pass me de fiddle Nero old chap)

Not if you bought it on credit, I won't.

[sailaway21]

Here's the list of those Senators who voted, "No".
The Crypt: Senators who voted No - Politico.com

[PBzeer]

Wonderful message the Senate has now sent out. Just glad I don't live off investments and have no debt.

[US27inKS]

Meet the man getting credit for the "childrens wooden arrow shafts" provision. Ron Wyden - Wikipedia, the free encyclopedia His provision will save the rose city archery corp about $200,000 next year.

We also can't ignore the big tax breaks for Nascar race track owners (106 Million) because they don't make nearly enough money already.

We also must not forget to save the poor starving actors and producers in Hollywood. Without the 478 Million in tax credits that they will recieve, how can they afford to buy their children wooden arrows?

I like the old saying: Politicians and diapers should be changed often, and for the same reason.

[sck5]

I read that the wooden arrow provision and some other ridiculous stuff were originally attached to the tax bill that they glued on to the bailout bill. I bet those guys never thought it would become as public as it has. It is a good thing to embarrass hell out of them. It might (we can wish right?) make them more hesitant in the future.

[gc1111]

Allright, rub it it. But don't think we don't appreciate the irony of the "rock-ribbed" conservatives pushing to nationalize an industry :-)

[Valiente]

Originally Posted by PBzeer

Wonderful message the Senate has now sent out. Just glad I don't live off investments and have no debt.

The way the American media paint it, you are in a very small group.

I made half my retirement portfolio liquid about six months ago, and I'm glad I did. It's limiting my market losses and giving me some leeway to buy ETFs in sectors I think will bounce back smartly once this episode of idiot groupthink passes. The swings in the respective values of the Canadian and U.S. dollars have helped, as well, but if you had said to me five years ago that the best performer in my portfolio would have been "currency speculation", I would have laughed in your face. But strange times call for strange tactics.

[PBzeer]

Now if I can just figure out a way to label my boat a toxic debt ........

[Valiente]

Carbon credits, anyone?

[Sapperwhite]

This is very comforting:

In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.

"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."

Full Article at Forbes

Maybe they should have written a bunch of big numbers down on little pieces of paper and pulled one out of a hat.