Don't be a pathetic victim.

"Modern man is staggering and losing his balance because he is being pelted with little pieces of alleged fact which are native to the newspapers; and, if they turn out not to be facts, that is still more native to newspapers." -GKC

...I hope you are wrong here.

...quickly published articles quoting Republicans who blamed the bill's failure on Pelosi's hyper-partisan speech.

I would like to think that the republicans, along with the 95 dems who  voted against this thing (I am omitting the 65 RINOs who voted for it) did so because it was bad for the country as a whole, and not just because of Nanny Peloser's comments.

IMHO, had it passed, it would mean the for-real beginning of the end of what is left of the private sector in this country.

Once the government takes over this large a segment of the private sector, they will never, ever relinquish it.

I think too many people in this country bought in to the Chicken Little screeching of the panic-mongers.

Thirty-one years of mismanagement and corruption of the FM's cannot be fixed in thirty-six hours, particularly when the majority of the those tasked with said "fix" are primarily resposible for its failure in the first place.

-Dave

Politicians are the only people in the world who create problems and then campaign against them - Rick Roberts

My troll fuse length today: 0.003mm

Who's to say Nanna Paloozer didn't achieve the result she sought?

I think I'd follow the money with her old man's investments for one.  Some investors made out just fine today rightly discerning which way this one was going to go.  Look for more transparent market manipulations like today.

If Naqnna really wanted this one voted up, she could've had it.  If she really believed it was best for her Country, and submarined it anyway, self-aggrandizing is the kindest descriptive I can find.

I think her remarks, as well as the attempt to sneak ACORN into the mix last week were clear attempts to scuttle the plan.  House Dems don't suffer, what does she care about Frank and Dodd? 

"I've got a bracelet too" - Barack Obama

This lady cannot tell the difference between a punch bowl and a toilet bowl !

I mean, on the one hand she calls for bi-partisan cooperation, and then viciously attacks Republicans and the President for the current crisis. Gee, a vicious, partisan attack from the podium of the House is going to get all the Republicans onboard. Wow, how to I call my Republican Representative right now and get him/her to change their vote?

And did Pelosi understand that 40% of Democrats in the House also rejected the Bill? Gee, that does not sound like you can blame it all on the Republicans. I mean this is not 4% of the Democrats, but 40% !!!!!!!!!!!!!! She could not even sway at least another 20-30% of the Democrats. She's not a leader, she's a loser.

And did Pelosi understand that both houses of Congress for the last two years had the oversight for banking, Wall Street, and Fannie and Freddie and the rest of gang by? What happen to Democrat oversight, since they have been in charge for 2 years now?

And did Pelosi understand that McCain was co-sponsor of a Republican Senate bill, S190, in 2005 & 2006, to improve regulation of the trouble sectors of banking, mortgages, Wall Street, Fannie and Freddie and the rest of the gang, and that her "gang" of Democrats refused to even let the bill get a floor vote?

And did Pelosi understand that in 1999, as the record clearly shows, Clinton signed the Democrat sponsored bill to de-regulate the above sectors? Does she understand that the Republicans that voted with the Democrats were cajoled into this by threats of "We will make the public think you do not want to help the poor and you are against home ownership, right, etc, etc, etc?

And does Pelosi understand that Obama is lying entirely about this all and blaming McCain? 

WARNING VOTERS: Vote in more Democrats, or Obama for president and expect more of the same LUNACY.

NOTE: Sarah Palin makes Pelosi look like a grade school student.

pelosi (and throw in the idiot harry reid as well) is a disgrace to the american public ... she can't do anything but complain and blame ... no leadership skills whatsoever. the mere sound of pelosi's voice is enough to incite hate ... no wonder this congress can't do anything ... who wants to follow a skirt-wearing chicken with its head cut off squawking at a podium day and day out.

remarkably stupid, or completely deranged. There is no third choice.

Well, there is, I guess. She may have wanted to torpedo the bill, I've seen that thought raised.

But I'm going with one of the first two. The third makes her look like she knows what she's doing.

And I find that really hard to believe.

Just btw, I don't know about the "MSM's wallet" theory. I believe they were surprised and disappointed, because they wanted this. But I don't think it was because of individual's portfolios. I think it may have more to do with the fact that it's become harder for them to deny the bias, so in the tank for Obama have they been. So this gives them something to point at to "disprove" bias. They'll be pointing at it for years as an example (just one, but something) of holding the Dems feet to the fire. And it really won't affect anything else, the vote is over. So they get cover without really harming their cause. Just a thought.

"... smells like... victory." - Robert Duvall

Mr. Baker's restraint is worthy of praise. Few people would write in so restrained a way of what Speaker Pelosi said. He showed more restraint than I have read in article after article from AP "writers" this year. (Writer is the term AP uses, not reporter.) 

But one would expect print reporters and TV correspondents to have reported a more appalling display of leadership irresponsibility on the floor of the House.  Most MSM people are fiercely partisan, which is not news, but they have at least a tiny sense of honor and professional duty. They would have to have reported something worse than Pelosi's breathtakingly stupid address.

Her objective going in should have been to ease the votes of Democrats and Republicans alike. Many Democrats wanted money devoted to relieving homeowners facing foreclosure and money directed to ACORN, the corrupt outfit with which Barack Obama has had strong ties. Many Republicans wanted a bill that would limit the taxpayers' debt responsibility, with more free-market principles, and many wanted to either do away with Freddie Mac and Fannie Mae or to impose the regulations Democrats have opposed.

Given the saliency of Democrats' refusal to listen and to face the facts on both government-sponsored enterprises a few years ago, Pelosi's tirade against Republicans on regulation would have had me booing her, loudly. It should be obvious that her ill-timed, and I think wrong, accusations would make affirmative votes difficult, if not impossible, for Republicans. Pelosi made a "yes" vote not only a vote in favor of the bill, but also a vote in favor of her irresponsibly partisan words, given the situation.

One has little hope now. Democrats are sure to work on a bill festooned with rewards for their special interests. Republicans are sure to put forward a bill with free-market and regulatory features--of the GSEs--that the Democrats are sure to oppose.

Leftists ("liberal" and "progressive" are less accurate) in the mass news media love to call George W. Bush the worst president ever. I don't think so. But can anyone deny that Ms. Nancy Pelosi ranks as the worst Speaker of the House in American History? Who was worse? 

The Republican House members from Texas voted against the bill and we are damn proud of it. The conservative people of Texas are raising hell, not just no but hell no.

(GRINS)   kilrod

Remember, only two defining forces have ever offered to die for you, Jesus Christ and the American Soldier

Does NP feel good about LYING to the American people? Once again trying to rewrite history. The dims caused this mess and they just won't admit it. Dims interference in the free market caused this NP. You can't give loans to people who can't afford it. Once again the dims prove they don't understand economics. Even with the warnings back in 2005 we might have avoided this disaster. Dodd and Frank should be in jail.

If the dims wanted to pass a bill they could, they have the votes, but no backbone to do it. They're nothing more then "positional leaders". No influence at all.

Here's hoping to the dims losing their majority in November!

GOS BLESS AMERICA!

Noel - the 2nd embeded video is no longer available.

Governor Palin - She is the Real Deal !

...as stupid does.

Boehner is full of sh*t. Does he really think that I believe a majority of republicans were supportive of giving away $1,000,000,000,000.00, but only took offense and said "no" because of a typical Pelosi rant? I think, maybe, that his party heard one helluva rant from its constituents, saying "hell no" to a socialist takeover.

How about some leadership in place of the CYA politics he played, especially when 66% of his party voted against him. I will not trust a single financial bill coming out of Washington that has Dodd/Frank/Schumer's name on it. That's like letting a rapist be his own prosecutor, or a crackhead heading up DEA. 

Boehner was all over talk radio last week saying how horrible this bill was. $1,000,000,000,000.00 evidently was never an issue for him. Is it all the better now that the administration must seek approval of congress to spend some of it? If he thinks that Congress won't hand that money over, I've got some prime beachfront property in Yuma for him to buy. 

I have absolutely no faith in the republican leadership, and disdain for the democrats'.

Now that the porked version has gone down, let's get serious:

 As long as the "Bail out" does not address the problems that created the mess, I will not support it and vote against any politician who votes for it.  

These points are non-negotiable:  

1. Repeal the Community Re-investment Act (1977), anti-Redlining legislation and all of its subsequent modifying acts to embellish those laws for so called Affordable Housing. There are apartments available to rent, no one is being economically disadvantaged due to this style of living. 

2. NO taxpayer funds will be used to stop property foreclosures.  

3. NO taxpayer funds will be used to stop defaults on student loans, credit cards and auto loans.  

4. NO loan write downs.

5. NO tax free exemptions from income for walking away from debit. 

If you really want show legitimacy, then force the immediate resignations from office of Senator Dodd and Rep. Frank for the part they played in refusing to reform the system in 2005 to head off the crisis.  If they won’t resign, then impeach them.  There must be accountability, heads must roll.

The Real Plan, the one that will work: 

“Insure” the existing mortgages with the full faith and credit of the US instead of buying the mortgages at a discount. Insuring the mortgages at their full original value would solve the CDO issue since their values were based on the original mortgage value. The real issue is the broader market whose entire value is based on those mortgages.  Insuring the mortgages would restore their value and indirectly ALL the financial instruments based upon them with minimal cost.   What this plan would not do, it would not reduce anyone's mortgage payment or principal thus allowing them to skate on their financial responsibility which is what got us here in the first place.  So what would happen in essence is a bank could foreclose on a defaulted mortgage (not lose money) and then kick out the people who weren't paying their bill so that the house would be put on the market.  Those people kicked out would have to go rent an apartment (which is where they came from in the first place).  The Banks at that point can fire sale the foreclosed house and the government would make up the loss between the outstanding mortgage balance and lower sale price if any.  New home owners with good credit can then purchase a house at a discount and banks can then give them a mortgage with responsible down payment terms which will not be defaulted upon.  

The caveat is mortgage money for new construction must be limited by a 20% down requirement, that way the housing inventory can be reduced through attrition, thus unwinding the whole mess without severe dislocations of the market.

The alternative of the current plan with modifications:

1. Taxpayers will purchase the toxic loans at current market value (cash as last resort).

2. Abolish Fannie Mae and Freddie Mac, trade marketable good loans (at current market value) to firms for toxic loans.

3. Every Senator or Rep. on the banking and commerce committees who opposed the reforms of Fannie Mae and Freddie Mac in 2003, 2005 and 2006 MUST RESIGN IMMEDIATELY or be impeached.  This point is not negotiable, millions of Americans are out of work because of your foolishness, it's time you feel their pain.

4. Every CEO, CFO and Board of Directors of the firms with toxic loans to be swapped or purchased must RESIGN IMMEDIATELY or withhold the bailout from their company. This point is not negotiable for reasons stated above and due to incompetence.

5. Certain loans will NOT be purchased: Those loans made to illegal immigrants, i.e. not legally residing in the US.  If your company folds because you flaunted the Laws of the US, you and all of those who conspired with you are not entitled to our money in any form.

6. Set up the Resolution Trust Corporation (RTC) to handle the toxic loans, they will have the power to sell, renegotiate, foreclose, rent or bulldoze the property based on the most optimum target value that can be reasonably achieved over say a 5 year period.   

7. All actions by the RTC will have immunity from the Bankruptcy Courts, their word is final.   

8. Finally, no loans will be made to anyone who doesn't have a down payment for a mortgage to purchase a house, condo, townhome.  A $10,000 minimum is required.  There will be a sliding scale of interest based upon the credit score and amount of down payment.  Those with high credit scores and or high down payments get the lowest interest rate.  Those with the least down payment and low credit scores get the highest interest rate to reflect their commensurate default rate.  As their equity increases in combination with good payment history, the interest rate should be revised (every two years) to reflect their equity stake based on market value and credit risk. 

Nancy Pelosi and Harry Reid, starving the poor one gallon of ethanol at a time. Fill your tank with E85 and cull a village.