Comments on: Opposition Growing to Mother of All Bailouts (MOAB) http://themoderatevoice.com/22846/opposition-growing-to-mother-of-all-bailouts-moab/ An Internet hub with domestic and international news, analysis, original reporting, and popular features from the left, center, indies, centrists, moderates, and right Wed, 15 Feb 2012 14:25:35 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: DLS http://themoderatevoice.com/22846/opposition-growing-to-mother-of-all-bailouts-moab/comment-page-1/#comment-153540 DLS Mon, 22 Sep 2008 14:59:02 +0000 http://themoderatevoice.com/at-tmv/newsweek-blogitics/22846/opposition-growing-to-mother-of-all-bailouts-moab/#comment-153540 The Congressional Democrats are starting to misbehave, threatening to make things worse rather than better. They want to bail out individual borrowers, so many of whom have only themselves to blame (i.e., the Dems are doing classic vote-buying with their moral hazard game, same as with the bailout itself) and they want limits on executive pay. Only federal takeover of the institutions themselves justifies the latter (_nothing_ justifies the former).<br><br>Where is the re-separation of banking and investment (and insurance), where is the repeal of the Community Reinvestment (forced loans to bad borrowers) Act, where is the streamlining and shrinkage of government intrusion accompanying honest kinds of reform?<br><br>Why just take the bad loans off the institutions' hands to rescue them? Why not, if they otherwise would fail, just have the feds take over the institutions entirely, turn them into more Fannies and Freddies (whose source is, of course, Washington)?<br><br>I'm disappointed that the Dems are being stupid rather than advocating federal receivership. The Congressional Democrats are starting to misbehave, threatening to make things worse rather than better. They want to bail out individual borrowers, so many of whom have only themselves to blame (i.e., the Dems are doing classic vote-buying with their moral hazard game, same as with the bailout itself) and they want limits on executive pay. Only federal takeover of the institutions themselves justifies the latter (_nothing_ justifies the former).

Where is the re-separation of banking and investment (and insurance), where is the repeal of the Community Reinvestment (forced loans to bad borrowers) Act, where is the streamlining and shrinkage of government intrusion accompanying honest kinds of reform?

Why just take the bad loans off the institutions' hands to rescue them? Why not, if they otherwise would fail, just have the feds take over the institutions entirely, turn them into more Fannies and Freddies (whose source is, of course, Washington)?

I'm disappointed that the Dems are being stupid rather than advocating federal receivership.

]]> By: RevDave http://themoderatevoice.com/22846/opposition-growing-to-mother-of-all-bailouts-moab/comment-page-1/#comment-153528 RevDave Mon, 22 Sep 2008 13:57:40 +0000 http://themoderatevoice.com/at-tmv/newsweek-blogitics/22846/opposition-growing-to-mother-of-all-bailouts-moab/#comment-153528 Look at all the lobbyists lining up at the trough for more bailout money. Phil Gramm was a big cause of this problem, now his company (UBS - a FOREIGN company) lining up for a US bailout.<br><br>Who in the hell is lobbying for the American taxpayer who is going to pay for this frigging mess? No bailout money without accountability and increased regulation. How many times do we have to sit and get repeatedly lied to and fleeced? Look at all the lobbyists lining up at the trough for more bailout money. Phil Gramm was a big cause of this problem, now his company (UBS – a FOREIGN company) lining up for a US bailout.

Who in the hell is lobbying for the American taxpayer who is going to pay for this frigging mess? No bailout money without accountability and increased regulation. How many times do we have to sit and get repeatedly lied to and fleeced?

]]> By: elrod http://themoderatevoice.com/22846/opposition-growing-to-mother-of-all-bailouts-moab/comment-page-1/#comment-153524 elrod Mon, 22 Sep 2008 13:08:40 +0000 http://themoderatevoice.com/at-tmv/newsweek-blogitics/22846/opposition-growing-to-mother-of-all-bailouts-moab/#comment-153524 Here's an article on opposition to the bailout in Manassas Park, Virginia.<br><br><a href="http://www.washingtonpost.com/wp-dyn/content/article/2008/09/21/AR2008092102534.html?hpid=topnews">http://www.washingtonpost.com/wp-dyn/content/ar...</a><br><br>I suspect people everywhere feel this way. Here's an article on opposition to the bailout in Manassas Park, Virginia.

http://www.washingtonpost.com/wp-dyn/content/ar…

I suspect people everywhere feel this way.

]]> By: nepr http://themoderatevoice.com/22846/opposition-growing-to-mother-of-all-bailouts-moab/comment-page-1/#comment-153511 nepr Mon, 22 Sep 2008 10:51:58 +0000 http://themoderatevoice.com/at-tmv/newsweek-blogitics/22846/opposition-growing-to-mother-of-all-bailouts-moab/#comment-153511 Greendreams: Thanks, for the link. I like RR, though he sometimes is a bit much. A bit too self-righteous.<br><br>I wouldn't be at all surprised if the market decides to play chicken with congress, like they did with Paulson, after he let Lehman go down, if congress doesn't move fast enough to suit them.<br><br>Wall Street's New slogan: Bail here! Bail now! Greendreams: Thanks, for the link. I like RR, though he sometimes is a bit much. A bit too self-righteous.

I wouldn't be at all surprised if the market decides to play chicken with congress, like they did with Paulson, after he let Lehman go down, if congress doesn't move fast enough to suit them.

Wall Street's New slogan: Bail here! Bail now!

]]> By: GreenDreams http://themoderatevoice.com/22846/opposition-growing-to-mother-of-all-bailouts-moab/comment-page-1/#comment-153485 GreenDreams Mon, 22 Sep 2008 05:51:16 +0000 http://themoderatevoice.com/at-tmv/newsweek-blogitics/22846/opposition-growing-to-mother-of-all-bailouts-moab/#comment-153485 Here's another, from Robert Reich, former Labor Secretary. He takes a very hard line on what we should expect for our largess.<br><br><a href="http://tpmcafe.talkingpointsmemo.com/2008/09/21/what_wall_street_should_do_to/index.php">http://tpmcafe.talkingpointsmemo.com/2008/09/21...</a> Here's another, from Robert Reich, former Labor Secretary. He takes a very hard line on what we should expect for our largess.

http://tpmcafe.talkingpointsmemo.com/2008/09/21…

]]>