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  1. J

    So when is the voting scheduled?

    No, they threw the $700b bailout into a $150b bill that the House passed back in March. The media is botching this badly. Of course, that could work to our favor. I hope it doesn't pass, but I'm not holding my breath on this.
  2. J

    450 pages now?

    You do realize that the Bill of Rights is, itself, an amendment to the Constitution drafted only to get the entire assembly to agree to it. It was the very first, and certainly won't be the last time pork was used to "reach across the isle."
  3. J

    FDIC insurance and the US economy.

    Spot on.
  4. J

    450 pages now?

    Listening to the media on this one was a bad move... The bill the Senate is voting on tonight is this one: http://thomas.loc.gov/cgi-bin/bdquery/z?d110:H.R.1424: It was passed by the House, 268Y/148N, on 3/5/07. The senate's adding two measures in order to sway the few votes needed...
  5. J

    FDIC insurance and the US economy.

    Not quite as simple for a small business. Especially for those in rural areas with few local banks to spread their accounts across.
  6. J

    450 pages now?

    Yeah, it is. Name a better one though...
  7. J

    FDIC insurance and the US economy.

    I guess it never dawned on you that most of that uninsured money is in the accounts of small businesses. Always with the conspiracy angle... It's called pork, or more politely, an amendment. I'd provide you with a link explaining the process of how a bill becomes law but you've already...
  8. J

    So when is the voting scheduled?

    The change will still help some people, but it'll help a hell of a lot more small businesses.
  9. J

    So when is the voting scheduled?

    Yep. Read the notes section of each bill.
  10. J

    So when is the voting scheduled?

    It's A COMPLETELY DIFFERENT BILL!!! Here's the one the House defeated on Monday: http://thomas.loc.gov/cgi-bin/bdquery/z?d110:H.R.3997: And, here's the one the Senate will vote on tonight. http://thomas.loc.gov/cgi-bin/bdquery/z?d110:H.R.1424:
  11. J

    450 pages now?

    It's a different bill. The senate has amended a bill that the House had already passed. They added the $700b bailout, the FDIC increase and if it passes the Senate tonight will have to go back to the House for final approval. Both houses have to approve the same version of a bill before...
  12. J

    FDIC insurance and the US economy.

    Yep. Same goes for the AMT and to a much larger extent, the indexed-to-inflation mandated yearly increases of entitlement programs like SS, Medicare/Medicaid, etc.
  13. J

    FDIC insurance and the US economy.

    I didn't provide the link for the benefit of how it was solved. As I said, on pg. 9 the document lists the CAUSES of the crisis and increasing the FDIC limit was not one of them.
  14. J

    So when is the voting scheduled?

    Both houses have to vote and pass the same version of a bill before it goes to the President for signature/veto.
  15. J

    FDIC insurance and the US economy.

    If you read the document I had posted you could have learned something and posted a mea culpa. But, no. Like anyone long on agenda you're short on integrity.
  16. J

    FDIC insurance and the US economy.

    Not even close. Read pg. 26 of the following for what caused the S&L debacle. http://www.fdic.gov/bank/analytical/banking/2000dec/brv13n2_2.pdf Same document, pg. 33. Total cost to taxpayers was $124b out of a total cost of $153b against $500b in failed assets, much of which was...
  17. J

    Score One For America.

    They can't talk about a savings that never existed: http://www.fdic.gov/bank/analytical/banking/2000dec/brv13n2_2.pdf The Cost of the Savings and Loan Crisis pg. 33: Summary The savings and loan crisis of the 1980s and early 1990s produced the greatest collapse of U.S. financial...
  18. J

    A letter to my congressman

    Congressman, Thank you very much for voting against this bailout. Unfortunately, it appears that another attempt will be mounted over the next few days to push this thing through and I remain quite concerned that the special interests behind this measure will ultimately be successful. I...
  19. J

    A Letter Against the Bailout Plan

    If you think things are dire now you're either too young to have experienced tough times or ignorant of history. Most probably both.
  20. J

    A Letter Against the Bailout Plan

    Uh, did you just wake up to the political process last week? Yeah, like you were railing against the mass outsourcing of American jobs 5 years ago...
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