The stock market's collapse today - pure and simple - is the result of the fact that the Democrats are trying to line Hank Paulson's $700 mm bailout package with their pork barrel. The sad part is that they are going to be successful in taking down the entire economy and getting Obama elected.

 

Submitted: Sep 22, 2008    Views: 126    Comments: 4    Likes: 0   


View Article: http://www.nytimes.com/2008/09/23/business/23markets.html?hp


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JRodgers

Barney Frank is an insuferrable human being who is playing politics with the market in typical Mass. fashion. As Frederic Mishkin said on CNBC this morning, we need to be very scared that the Dems. tie this up in Congress.

Posted: Sep 23, 2008

Arthur
(Unregistered)

The Fed said last year the banking system was sound. The SEC said several months ago there was nothing to worry about and the banking system was sound. Now, they tell us everything is broken and Wall Street needs a $700 billion infusion. Don't be so quick to believe they know what is right.

Better to take pause and get it right then to push through the wrong fix.

Posted: Sep 23, 2008

thedorightman
(Unregistered)

COMPLETELY SEPARATE the government from the markets and let Ron Paul make sure it stays that way, so people like BUFFET can buy in and save us from total collapse, RIGHT NOW!

Posted: Sep 23, 2008

StupidOne
(Unregistered)

If I am not mistaken, the Bush administration has been in power for the last 7 3/4 years. Last time I checked they were not Democrats. Alan Greenspan is a Republican. Almost all of the major players in this pathetic drama are Republican. Democrats may have been in the Congress but a lot of the dealing came from the President and cabinet and other positions that require a nomination (think Treasury Secretary and SEC chairman). Oh let us not forget the repel of the Glass Stegall Act in 1999, who do you think was behind that?

Posted: Sep 23, 2008



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