Buy the Rumor Sell the Fact » Frank http://www.buytherumorsellthefact.com Just another WordPress weblog Thu, 02 Feb 2012 04:09:33 +0000 en hourly 1 http://wordpress.org/?v=3.0.5 Stumbling towards the bailout… http://www.buytherumorsellthefact.com/2008/09/26/stumbling-towards-the-bailout/ http://www.buytherumorsellthefact.com/2008/09/26/stumbling-towards-the-bailout/#comments Fri, 26 Sep 2008 15:25:28 +0000 System Import http://buytherumorsellthefact.com/2008/09/26/stumbling-towards-the-bailout/ According to this story in today’s Washington Post the Democrats are now being suckered for being team players. Barney Frank (D-Mass) and Barack Obama (D-Ill) are left holding the bag, working with President Bush and defending the bailout plan while John McCain gets a fresh opportunity to play populist hero and distance himself from our “CEO President,” who presided over the nationalization of the mortgage industry, the insurance industry and the collapse of our financial system.

According to this story, House Republicans remained adamantly opposed to the central point of the plan: purchasing bad assets from struggling firms. House Minority Leader John A. Boehner (R-Ohio) told reporters that House Republicans “would prefer a loan where we fix an interest rate or we would prefer insurance” rather than having the government buy up bad assets.

How well do you think that will play at the debates tonight?

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