At least I received a little when Jim Bunning put the heat on Paulson, asking him how he could claim ignorance of the regulatory lapses when he was the CEO of Goldman Sachs. Watching Paulson stammer, stutter and turn red made watching this worth while. Why isn't Jim Bunning running for President? I'd vote for that Kentuckian in a New York heartbeat.
They should do nothing. Then when starving mobs come through your bedroom window and rape your family, you'd wish you kissed Paulsons ass
It actually long past time where patriotism needs to be called into question from ALL concerned. This goes on for too long ,and my public hanging theme will be a reality Pray it isnt you in the noose.
Bunning was just interviewed on Bloomberg. He said he would vote against the plan, unless taxpayers are given some equity or warrants as they did in the Chyrsler bailout. He was asked if he would filibuster the plan, and he said no, he would vote against. He said the Committee would not even pass the plan as it now stands, let alone the entire Senate. He said he wants to stay in session until a majority can pass a plan. He thinks the plan hinges on the taxpayer getting something for the the 700 billion.
Saw that! Yes! Bill Poole (former fed governor) said Bernanke and Paulson are proposing an untenable solution, because defaulted mortgages are impossible to value, and the answers they gave don't clear up how much will be bid for them.