No bailout agreement after White House meeting

[Amerigo Vespucci]

Source: CNN

(CNN) -- Sens. John McCain and Barack Obama both left President Bush's financial bailout meeting at the White House after 5 p.m. Thursday without making statements to reporters.

Officials said Obama will make a statement at the Mayflower Hotel.

The McCain campaign said Thursday night that he will remain in Washington for the night "as he continues to take action in brokering a deal that will address the crisis as well as protect the taxpayer. No further travel plans have been made at this point."

Dana Perino, the White House press secretary, released a statement saying, "The president appreciates the bipartisan members of the congressional leadership and the two presidential candidates coming to the White House today to discuss how to finalize the financial rescue package. There is a clear sense of urgency and agreement on the need to stabilize the financial markets, and prevent a massive financial crisis from affecting everybody in America."

Read more: http://www.cnn.com/2008/POLITICS/09/25/campaign.wrap/index.html

[bagrman]

1. Let's fix this on the cheap. Give everyone with a mortage, $1M and no more bad loans.

The rest of this thing the banks can go pound sand over. It must be bad loans to businesses and their own greed on the fancy stock shit, that got them where they are. They can't blame all this debt on mortages, when you think about it.

Latr

[some guy]

4. that's actually

the best idea I've read all week. :applause:

no, sorry. I did a quick calculation. If gthere are only a million mortgages in the US, your idea still comes out to a trillion dollars. I'm pretty sure there are more than a million mortgages, so the "cheap" part goes away really fast.

:blush:

[bagrman]

6. Thats still cheap, considering what this will wind up costing in the long run.

It is said that there is 10 times this much in derivatives hanging out there.

[sfwriter]

7. Returning the morgatges is interesting though...

I say we just write new loans and lend the money directly to the consumers for the value of their homes while working out a remainder deal on the rest of bad and repossessed property. Anything without collateral we take stock for and transparency is a requirement to participate.

I just know we won't see anything like that.

[damntexdem]

2. Let's see: going into Dubya's meeting, there was tentative agreement.

Coming out, the agreement was gone.

Hey, it's the typical Bushista outcome!

Now, the Dems should just propose what they want and let the GOP respond to that.

[crossroads]

5. Hear Hear! I agree! nt

[whistle]

3. Prior to the meeting Shrub did two long lines of white and a half dozen

...shots of scotch to enhance his smirk and reinforce his courage and defiance

Dubya is a real rat fucker :yoiks: