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Is bailout that urgent? !!!
- Thread starter hajimow
- Start date
Quote from gnome:
That's a BIG question...
Was it a coincidence the bailout proposal came just a few days before Congress was scheduled to close the session? Wouldn't such timing increase the likelihood of "rushed acceptance"... without thorough scrutiny... of whatever was put before them?
"There is no such thing as coincidence"... Jethro Gibbs.
Wake UP America! Are we all so gullible?
With all due respect, the "bail-out" has already been going on for the last week and a half . . . Try taking a look at the FED's latest reported balance sheet ending last Wednesday.
They added $218 BILLION.
:eek:
They are now up over $1 TRILLION for the first time in history. Continue at that pace for two more weeks and you are already at the $700 billion of the "bail-out" proposal.
Quote from Landis82:
With all due respect, the "bail-out" has already been going on for the last week and a half . . . Try taking a look at the FED's latest reported balance sheet ending last Wednesday.
They added $218 BILLION.
:eek:
They are now up over $1 TRILLION for the first time in history. Continue at that pace for two more weeks and you are already at the $700 billion of the "bail-out" proposal.
The fed's job is to be the lender of last resort. They're doing what they were mandated to do. The treasury on the other hand is not.
Quote from hajimow:
No. I don't think so. Otherwise the house would not have gone on vacation for two days till Thursday because of Jewish Holidays !!. They have a history of working on Chirstmas or new year but not on Jewish Holidays.
Actual reason was Goldman Sachs key staff were at home for the holiday. Paulson can't do anything without first checking with and getting GS approval.