Lawmakers: Financial bailout agreement reached

By JULIE HIRSCHFELD DAVIS


Associated Press Writers

 

[…]   

    

Emerging from a two-hour negotiating session, Sen. Chris Dodd, D-Conn., the Banking Committee chairman said, "We are very confident that we can act expeditiously."  

   

"I now expect that we will indeed have a plan that can pass the House, pass the Senate (and) be signed by the president," said Sen. Bob Bennett, R-Utah. 

  

[…] 

 

Key lawmakers in Washington said at midday that few difficulties actually remained, although no details of their accord were immediately available.

  

[…] 

        

http://www.ajc.com/business/content/shared-gen/ap/Finance_General/Financial_Meltdown.html?cxntn-09-25_13_38_id433_e   

    

Difficulties remain.  I’ll bet.  No details?  Let us review: 

 


Recycling Your Wealth

http://www.voiceofarizona.com/Recycling_Your_Wealth-5031-2-17392.htm

By AZ Moderate

Published: 2008-03-21

EXCERPT: Sooo, you’re surprised about Bear Stearns, are you?       As I have written previously, I cautioned my little brother (he’s 85) back in the late eighties to leave his 401K and IRA funds invested in the stock market for a decade, but then to flush them into real estate, gold and other tangibles.  My reasoning was that the growing amounts invested in Wall Street by the retirement vehicles large and small was going to reach a critical mass...  

   

 

Sub Prime Mess Cramps Cash Flow

http://www.voiceofarizona.com/Sub_Prime_Mess_Cramps_Cash_Flow-5031-3-14893.htm

By AZ Moderate

Published: 2008-03-02

EXCERPT: More and more Average Americans are finding it necessary to sacrifice long term financial planning for immediate survival. 
For each of us as individuals and family units there is a tradeoff: day-to-day vs. “the golden years”.  
For most wage earners, the day-to-day, or cash flow category is the most urgent.  We have to put gas in the tank, food on the table, pay the utilities, put clothes on our back, perhaps take in a movie or eat out on occasion, and so...   

   

Big Credit Cramps 

http://www.voiceofarizona.com/Big_Credit_Cramps-5031-3-14891.htm

By AZ Moderate

Published: 2008-03-02

EXCERPT: Most of the large banks have been battered by their own speculative investments.  Speculative from a more traditional banking perspective, that is.     There is even talk now of banks going belly up because of this mess created by the questionable loans and clever repackaging of those sub prime loans by "piggy backing" them on prime loans in these packages for marketing purposes.    A significant part of the problem seems to be...   

   

Of Smaller Banks and Credit Cramps 

http://www.voiceofarizona.com/Of_Smaller_Banks_and_Credit_Cram-5031-3-14892.htm

By AZ Moderate

Published: 2008-03-02

EXCERPT:    With the scary threat of bank failures on the rise, it is appropriate to consider just which banks might be most at risk.     We explored briefly the major banks' increased exposure in “Big Credit Cramps”.  But what about the small and midsized banks, and other community institutions such as savings and loans, and credit unions?      It appears that there could be some winners in this debacle. ...   

   

The late Great Buck.

http://www.voiceofarizona.com/The_late_Great_Buck-5031-3-11229.htm

By AZ Moderate

Published: 2008-02-06

EXCERPT: My current thinking, based on years of observation and even some study, is that the U$D has been a tool of a noble experiment, spawned toward the end of the Second World War, which has soured over time with experience and the baby bummer generation taking the helm in the person of Bill Clinton and King George the Pampered.        In summary:   The USA was the only major power left standing at the end of WWII.   Toward the end...   

   

Every time these A-holes get our tail in a crack, we here the cries of “non-partisanship” and the cant “This is not the time for finger pointing”.    

 

Bull$hit!!  These slippery slimey chunks are going to avoid the enema of accountability yet again because they say “This is not the time for finger pointing” and hide behind the thin tissue of non-partisanship! 

 

As a veteran, I can tell them where we are going to point the finger of responsibility, and they are going to have to grit their teeth and clench their fists as we slap on the surgical gloves and go to town!!!