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Old 09-24-2008, 12:12 AM
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Default Gotta Play Nice

http://www.cnn.com/2008/POLITICS/09/...ers/index.html

WASHINGTON (CNN) -- If there has ever been a confusing and daunting time in Washington, and in the political world, this is it.
Sen. John McCain, who has branded himself a maverick, has a history of supporting deregulation.

Hank Paulson, a well-respected treasury secretary and former Wall Street titan, proposes a mammoth, $700 billion bailout for financial firms with a clear warning: Refuse to act at the nation's great risk.

Washington politicians, preparing to face the voters in a matter of weeks, suddenly find their mettle and ideological beliefs severely tested.

As in: If you're truly a laissez-faire, let-the-market-work conservative, how can you sign on to a bailout that effectively nationalizes parts of Wall Street?

And if you're more of a populist, and worry that the little guy is going to get stuck footing the bill, how can you sign on to a plan that doesn't help homeowners at risk of foreclosure?

Left wing, meet the right wing. You're on the same side.

---------------------------------------------

Does this mean we have to hold hands?
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Old 09-24-2008, 12:44 AM
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Quote:
Originally Posted by Spare View Post
http://www.cnn.com/2008/POLITICS/09/...ers/index.html

WASHINGTON (CNN) -- If there has ever been a confusing and daunting time in Washington, and in the political world, this is it.
Sen. John McCain, who has branded himself a maverick, has a history of supporting deregulation.

Hank Paulson, a well-respected treasury secretary and former Wall Street titan, proposes a mammoth, $700 billion bailout for financial firms with a clear warning: Refuse to act at the nation's great risk.

Washington politicians, preparing to face the voters in a matter of weeks, suddenly find their mettle and ideological beliefs severely tested.

As in: If you're truly a laissez-faire, let-the-market-work conservative, how can you sign on to a bailout that effectively nationalizes parts of Wall Street?

And if you're more of a populist, and worry that the little guy is going to get stuck footing the bill, how can you sign on to a plan that doesn't help homeowners at risk of foreclosure?

Left wing, meet the right wing. You're on the same side.

---------------------------------------------

Does this mean we have to hold hands?
[emphasis added]

what part of wall street is to be nationalized?
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Old 09-24-2008, 12:53 AM
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Originally Posted by justabubba View Post
[emphasis added]

what part of wall street is to be nationalized?
The bits Wall Street screwed up - but that only a guess mind you
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Old 09-24-2008, 01:03 AM
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there is effectively no more wall street. There are now no more independant investment firms left. none
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