Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
OpEdNews Op Eds

Bailout Bill Defies Will of the People

By   Follow Me on Twitter     Message Michael Collins       (Page 1 of 3 pages)     Permalink    (# of views)   4 comments, In Series: The Money Party

Related Topic(s): ; ; ; ; ; , Add Tags
Add to My Group(s)

View Ratings | Rate It Headlined to H3 9/29/08

Author 3863
Become a Fan
  (124 fans)
- Advertisement -

Bailout Bill Defies Will of the People

Copyrighted Image? DMCA


- Advertisement -

[p Contact for your member of the House or Representatives.  Image cc

- Advertisement -

White House and Congress Suspend Democracy
To Help Wall Street

Michael Collins

(Wash. DC)  The White House and Congressional leaders from both parties announced a tentative bill to bailout failed financial institutions.  The bill is a response to the $700 billion initially request by the White House last week.  The bill allocates $250 billion to start with a total authorized of $700 billion.  The money will cover the losses of distressed Wall Street firms facing bankruptcy due to bad investments, primarily in risky real estate securities known as subprime securities and "derivatives."

There were no provisions announced to bailout citizens facing foreclosure or help with their bad investments.

- Advertisement -

Congress plans vote on the legislation today, Monday, Sept. 29, if the leadership gets their way.

Calls to Capitol Hill are reported to be 30 to 1 opposed to legislation that bails out the rogue Wall Street investors.  Public opinion polling has shown a majority opposed to the legislation, unless the question contains the unproven assumption that the economy will collapse in a few days without a bill.  In a remarkable show of opposition to the bill, 1,200 marched down Wall Street Friday.  There were also protests in Chicago and Ohio plus more planned for Monday, Sept. 29.


Next Page  1  |  2  |  3


- Advertisement -

View Ratings | Rate It

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Ukraine President Once Agent for U.S. State Department

Worst President Ever - Barack H. Obama

It's official! You're on your own

Rigged Elections for Romney?

Real Unemployment at 23% - Dampening the Excitement

Humiliation And Death As A Tool Of National Policy