********OFFICIAL BAILOUT HEARING THREAD************

[shadowknows69]

On CSPAN 3 now. Chris Dodd with opening remarks

<http://www.c-span.org/watch/cspan3_rm.asp?Cat=TV&Code=CS3>

[Solly Mack]

1. OK. But if my blood pressure goes up I'm blaming Costa Rica

and will expect an immediate invasion of the country.

[marmar]

5. They've got to finish their coup in Bolivia first......

n/t

[Solly Mack]

8. Dammit. Foiled again!

[mopinko]

2. wow hearings, what a concept.

where we will find out that the crisis is enormous, no doubt.

[shadowknows69]

3. Paulson will have to answer questions about where the 700 BILLION not million will go

[ChairmanAgnostic]

11. hah. he will provide a long nonanswer answer.

in his best greenspeak imitation.

[shadowknows69]

14. Yeah, I know, but I have to keep lying to myself that things will get better

Or I won't be able to get out of bed in the morning.

[barbtries]

23. as it was

i only got 3-4 hours of sleep last night. i'm at work and feeling like a zombie.

[barbtries]

billion

700 billion. and that's just the amount that will be outstanding at any one time.

[shadowknows69]

24. Sorry, I knew that.

Changing

[Solly Mack]

4. We wait and we wait and we wait and we wait..and then we have hearings

wondering what happened.

snort

[bdamomma]

6. I do not trust what these guys say.

financial shock and awe, I hope the Dems will not be suckered into this, please.

[DemReadingDU]

13. I keep calling them, to vote NO

first, using our tax money in a blank check, Trillions, to bail out Wall Street recklessness.

and secondly, to take control of the money out of Congress and put in under Paulson. King Paulson?

[barbtries]

27. i've emailed all my reps yesterday and today,

and obama as well. my meme today - and i feel very strongly about this - is that paulson should not be connected in any way to this. if it goes forward with him at the helm i think i'm going to know that the US has indeed been conquered by a coup

[Solly Mack]

7. "Our" Constitution has been in danger for years

[readmoreoften]

9. Paulson and Bernanke: you smell like cabbage and your zippers are down.

Sorry. This is the extent of my ability to post intelligently on these matters when having to deal with these greedy, lying SOBS.

[barbtries]

33. lol

oh, thank you. i needed that.
is bernanke the one with the salon tan?

[readmoreoften]

152. They're the ones who look like assholes who need a pie in the face slap.

But without the pie.

[Solly Mack]

10. I already need a drink

[Mist]

12. I like Dodd saying that speed may be important, but more important is getting it right. I agree--

doing things in panic mode ain't the way to go.

[bdamomma]

20. I hope these Senators have learned from losing over 4,000

soldiers not to make another dire mistake.

[Solly Mack]

15. yeah...right..."unaware"

[barbtries]

16. i can hardly stand to watch it

it's like we're being dragged into another war - forced into trusting the motherfuckers who have proven time and again that they cannot be trusted. i feel so unrepresented. and i despise henry paulson passionately. he should step aside, there is a conflict of interest, it smells.

[shadowknows69]

19. We're being fucked. Might as well be awake for it.

[Mist]

17. Hmm, Rethug Shelby (Alabama) is saying Greenspan has something to do with this. nt

[Tandalayo_Scheisskopf]

18. The best thing about Shelby's statement:

We'll have plenty of fertilizer for next years gardens.

[marmar]

He's nauseating......

:puke:

[marmar]

22. Dupe.....The repugnant Shelby made me double click

:puke:

[Mist]

26. I just think it a bit surprising to hear a Repub. criticizing Greenspan. They relied

so much on Greenspan's nuggets of wisdom for quite a while.

[central scrutinizer]

46. yeah, like using the surpluses to pay down the debt too quickly

was a bad idea. Too bad we never got to test that little hypothesis.

[goclark]

47. Wifey Andrea ( wants us to think she is neutral) is going to

be upset. :mad:

[Solly Mack]

21. "we 'now' know"

because we were too stupid to know before? we were hoping not to get caught?

[Solly Mack]

25. So, everyone lied to Congress....

so Congress acted on those lies, so Congress is a victim too

[Solly Mack]

28. More recommends, please? (pretty please with a cherry on top)

[shadowknows69]

29. Paulson is so calm and collected looking

Evil snake.

[marmar]

30. Is it just me, or does it take Shelby five minutes to utter one word?

:boring:

[shadowknows69]

35. I managed to stay awake

And actually he was very anti Paulson plan

[barbtries]

40. maybe the dems and the pukes

can act as one on this issue. it would definitely send an important message to the decider.

[demnan]

31. Letter to Jim Webb

Dear Mr. Webb:

I hope you will give considerable thought to voting no on this bailout plan. I don't want the administration that has ruined our country and gotten us into pointless endless wars to be responsible for the banking system in this country. I think this plan is just a bandaid to keep the market from falling until after the election. The consequences of passing this bill will be run-away inflation and a devaluation of the dollar that will leave us in the poor house for many years to come. Please don't let these crooks get away with it. They should be impeached removed from office and indicted!

Sincerely,

[barbtries]

63. my email today:

i am opposed to any bailout that henry paulson is associated with. apparently goldman sachs will be a big beneficiary of this bailout, and that is HIS company. it is a conflict of interest and a scandal. stop letting the taxpayers be robbed. draw the line. represent your constituency instead of your lobbyist money people.

i said "please" to my democratic representative.

[bdamomma]

32. I wonder if the rethugs will be throwing someone under the bus.

this is the headline for today

http://rawstory.com/news/2008/Meltdown_Voters_blaming_GOP_for_financial_0922.html

[barbtries]

44. well you know they have to do that

heaven forbid they should ever admit they fucked up. no, never admit you fucked up, and keep dancing around the facts and the statements and the articles and the polls that prove the entire WORLD knows you fucked up.

[shadowknows69]

34. Sounds like Shelby isn't on board with Paulson

[ChairmanAgnostic]

36. I don't think that's window dressing, either.

I suspect he got the same treatment that Durbin did from constituents - ANGER + Just Say No!

[Gin]

37. sho is speaking now? was he the one who was ill?

[Buttercup McToots]

39. He had a stroke last year I think...

.

[barbtries]

48. i'm praying

(even though i'm not a believer) that we soon find out that NONE or extremely few - too few for the plan to fly - are on board with paulson. the more i see and learn about paulson the more convinced i am that this is a power play meant to bail out no one but that top 1-2% while putting millions into the poorhouse.

[Subdivisions]

38. It's good to see Sen. Johnson is doing well. n/t

[Mist]

49. Sen.Johnson required brain surger soon after winning in '06. He's had to

have a lot of physical and speech therapy.I too am glad to see him doing okay.

[Solly Mack]

41. Ah...I see... this is nothing new...it'll happen again..let's not worry

it's just a matter of confidence...nothing corrupt here

[kentuck]

42. The only thing preventing Democrats from opposing this unanimously....

is the upcoming election. They are afraid we will go into a Depression and they will be blamed for it. The people, Dems and Repubs, are against this. The Democrats need to stop acting like Republicans and letting Republicans act like Democrats. They are holding all the cards and are still cowards. They can call the shots. If the White House refuses, the upcoming "Depression" will be in their lap. Democrats need to stand up on this issue.

[bdamomma]

50. financial shock and awe

we cannot let this happen. Keep on calling your Senators and Reps.

[druidity33]

43. Johnson just finishing!

I knew he'd been voting but it's great to see him back on his feet. He's been recovering for what, a year and a half now?

Was it an aneurism or heart attack?


:kick:

[Subdivisions]

51. It was a

cerebral arteriovenous malformation, according to Wikipedia:
http://en.wikipedia.org/wiki/Tim_Johnson_(politician)

[Mist]

55. Cerebral arteriovenous malformation. nt

[Solly Mack]

45. the cost is in addition to everything else we are already paying for

[marmar]

52. Is that's what it's come to? They've gotta pray the economy doesn't go up in flames?

:nuke:

[shadowknows69]

53. Schumer my Slimy Senator

He's going to support Paulson isn't he the fucking traitor.

[bdamomma]

76. Schumer is a traitor he put in Mukasey too.

if it helps call Schumer's office too.

[Solly Mack]

54. I somehow doubt it was without hyperbole

[Solly Mack]

56. "Main street" has BEEN paying the price

just for the record

[Roland99]

57. Am I hearing this??? Dems with BALLS?? Is this bailout bill as Paulson wants NOT going thru??

I can't believe this.

[shadowknows69]

61. Maybe, give Schumer a chance to betray us.

[OmmmSweetOmmm]

77. Self-Delete..wrong place

[shadowknows69]

58. That was Bernake's message of doom?

The economy is going to have a heart attack? Really great detailed report there boys.

[Jeanette in FL]

72. No shit

Let Wall Street do the same thing that the rest of us do without healthcare insurance.

[Solly Mack]

59. "it's not fair, it's not right" (seriously???????)

[Subdivisions]

60. We must not disallow the manufacture of

six million more cars. After all, we don't have enough polution and gridlock now.

[Subdivisions]

70. delete nt/

[Solly Mack]

62. TARP the Tranches! TARP the Tranches!

Sorry....out of control for a minute there

[shadowknows69]

65. Careful, bananas bruise easily

[Solly Mack]

69. True... I did almost peel myself

[shadowknows69]

64. Taxpayers first taxpayers first

That's what I keep hearing. Walk the talk for a change Congress.

[Solly Mack]

66. regulations (maybe) after the money is handed out

[annabanana]

67. Hank looks like he's sucking lemons... "how dare this piddly congress

slow us down?"

[druidity33]

68. Chuck!

with the THOR plan!

what a geek.

Scilla and Charibdis are Greek!

Thor is Norse!



He's mixing his mythologies!



Oh Noes!!!!!1!1111!!!!!



:)

[barbtries]

71. good short speech by doggett

that's what i want to hear...

[Subdivisions]

73. Does anyone get the feeling that they're gong to

make lots of noise about taking care of the taxpayer, and then vote the thing through anyway?

[Subdivisions]

74. Well, they went to the idiot and CSPAN3 is siezing up. I don't give

a fucking shit was boosh says to the UN!

[Solly Mack]

75. As an aside...Bush is giving his farewell address at the UN at this minute

[shadowknows69]

78. I wish we could tell if Paulson is getting nervous

But the undead are so hard to read like that.

[MorningGlow]

80. Reptiles don't sweat. n/t

[Mist]

82. The fact he doesn't seem more nervous could be that he knows his infamous "plan" will

go through. Or that's one possibility.

[MorningGlow]

84. I dunno

He looks a wee bit uncomfortable to me. Of course, that could just be my wishful thinking.

[Mist]

79. Bunning of KY (a Repub) isn't on board. "The Paulson plan won't fix those problems." Who'd a

thunk so many Repubs. wouldn't support the plan? They really have been getting calls, and LISTENING to them.

[OmmmSweetOmmm]

81. Let's begin with the premise... is it really 700 Billion needed? I trust Paulson and Biernake

as much as I trust the Shrub....

[Gin]

86. so..they were told the patient has a clog...may be fatal in a week or 6 months...

or something like that....I say...take the time necessary to review the crap they are wanting to dump on us...are these assets worth anything or just trash paper?

[OmmmSweetOmmm]

93. The same administration said "mushroom clouds".,"saddam is trying to acquire yellow cake"

[MorningGlow]

83. Menendez: "won't be stampeded into rubber stamping this proposal"

Looks like they learned from the Patriot Act and Iraq War railroading. "WE GOTTA DO IT NOW!!!"

[Solly Mack]

85. pursing lips that look like a hen's ass must be a job requirement in the Bush admin.

[Mist]

88. It's hard werk, kissin' butt constantly. nt

[MorningGlow]

89. Bush admin toadies sure are one butt-ugly lot, aren't they?

Craven looking. :scared:

[shadowknows69]

92. Paulson would be a Dungeons and Dragons villian in another life

40th level evil wizard. Specialty: Alchemy.

[Solly Mack]

87. a republican named Crapo

[Mist]

91. Crapo actually made sense. The Repubs are not behind Paulson. nt

[OmmmSweetOmmm]

90. Don't you just love it how all of these Repukes are coming across as populists?

[Solly Mack]

95. If Bush was popular, they'd be singing a different tune

[OmmmSweetOmmm]

108. They want their comments here on public record for when it's time for their own re-elections

it will be shown "how hard they fought for Main St".....

[Solly Mack]

110. Exactly. It's all about distancing themselves for election time

We didn't want to do it...we had to do it...they lied to us too...told us it was all OK...we didn't do anything before now because we just didn't know

[Mist]

98. And most of their comments actually make sense. And they're not on board with

Paulson. Have they thrown off their pod personas? Have they had full-body blood transfusions (a la Keith Richards) to get rid of the Kool-Aide? Or are they just worried about being tarred and feathered next time they're back in their districts?

[OmmmSweetOmmm]

103. What they are saying here might not translate to what they will eventually vote for.

I don't trust any of them as well as I don't trust some of the Democrats.

[MorningGlow]

94. Sherrod Brown: "my phones have been ringing off the hook"

OMG so the people CAN be heard? Really?! :D

[DemReadingDU]

96. Sherrod Brown! woot!

My Senator! I've been calling every day for him to vote no.

[MorningGlow]

97. And he LISTENED

Excellent! :applause:

[DemReadingDU]

99. Well, he listened to his staff!

I didn't actually speak with Senator Brown, but obviously, he has a great staff to pass along our messages!

[MorningGlow]

100. Just that fact that he pays attention to what callers say is impressive

Sounds like a good guy.

[shadowknows69]

101. Lizzie's been getting some calls?

And not liking her polls apparently

[zazen]

104. why do I think she's deliberately creating footage for her next ad n/t

[barbtries]

118. i emailed her twice in the past two days.

[zazen]

102. Dole's up trying to save her Senate seat hahahahaha n/t

[MorningGlow]

106. What's that bit Stephanie Miller does?

"And now it's time for another episode of REPUBLICANS EATING THEIR OWN!!"
:rofl:

[Tandalayo_Scheisskopf]

107. Yup.

She's giving a campaign speech.

[zazen]

109. trivia: doesn't Casey sound just like Judge Reinhold (from Fast Times at Ridgemont High)

[Mist]

112. Actually, I think Dodd sounds quite a lot like William Shatner. nt

[Mist]

105. LIddy Dole's on this committee? She's dissing Fannie and Freddie Mae. That's been a Rethug meme

the last few days. It's all about Fannie and Freddie, apparently. Don't piss down my leg, Liddy. It's about much more than that.

[JohnnyBoots]

113. They are going to try and tie Freddy and Fannie to Obama some how. That is why it is being repeated

[seemslikeadream]

111. I just got here

Have any of the real terrorist spoken yet, or just their enablers?

[shadowknows69]

115. All just opening statements so far

I wish they'd get to the questioning.

[seemslikeadream]

123. So they've wasted an hour telling us how upset they are?

[Mist]

117. The senators are making their opening remarks. Paulson looks as if

he's sucked a bushel of lemons. The Repub. senators actually made sense, which surprised some of us.

[seemslikeadream]

120. They're all making opening statements?

Yes we already know you guys are so upset, let's get on with the grilling, or torture? :shrug:

[paparush]

114. Ugh..Lizzy Dole..what a waste of a Senate seat (and oxygen) nt

[paparush]

116. Casey, we must do whatever we can to keep people in their homes.

[Gin]

119. Fannie & Freddie caused it all?

[paparush]

130. According to Mel Martines, Rethug from FL, yes...poor regulation of F&F caused this.

[paparush]

121. Mel Martinez...blaming the whole "mess" on Fannie Mae and Freddie Mac.

If they had been properly regulated, none of the rest of this would have happened.

[pberq]

122. Blame it on Fannie and Freddie

Total BS - deregulation is the cause

[Mist]

124. Martinez (Rethug, FL) is also blaming Fannie and Freddie Mae. I think the situation's gone

so much bigger than that, but as I said upthread, this has been a rethug meme the last few days.

So they'll try to shut down Fannie and Freddie? (a rethug goal for a while, apparently).

[Solly Mack]

125. Are those flies buzzing around Martinez?

[Roland99]

126. WTF is Martinez blabbering about? Hurricanes?

What a moran.

[Solly Mack]

127. STOP thanking thugs for their public service

thugs don't engage in public service

thugs fuck over the public

[BraneMatter]

128. They will all grandstand

to impress the voters.

And then they will vote for the bailout, and give Bush and Paulson the trillion...

You see, they HAVE to act. (They will "revisit" the details "later" -- after their "vacation.")

Bullshit. NO THEY DON'T HAVE TO ACT!

[paparush]

129. Why is Liddy Dole wearing a Lhasa Apso on her head?

[Solly Mack]

131. Well, I AM a cynic

and with good reason

[paparush]

132. Bob Corker's Brother In Law must be running the used car lot today...

[Roland99]

133. Who is this now? Talking of wanting to go home on Friday?

[Subdivisions]

134. Corker (R-TN). I can't stand this filthy bastard. Wants to go home

on Friday. Can't hang around a few extra days and put off a three month vacation. Asshole.

[Roland99]

141. He'd rather surrender and let the terrorist win, eh?

[barbtries]

135. yeah,

he also did the math for the chair and urged everyone to stay within 8 minutes. i guess this isn't as important as congress going away for the rest of the year by the end of the week.
nothing accidental about the timing on this particular train wreck.

[MorningGlow]

136. Akaka: No blank check

THANK you. Key statement that needs to be repeated as frequently as possible.

[Solly Mack]

137. Bush? be more "forthcoming"? LMAO

[Solly Mack]

140. Not prop up failure on Wall street?The failure in the WH is being propped up

and has been for almost 8 years.

[Buttercup McToots]

138. Is there a better place to watch...keeps going on and off!!!

Damn it!!

[cyberpj]

142. cspan 3 on television, cspan 3 on cspan site and msn are streaming video.

[cyberpj]

146. self delete

[Roland99]

143. I dropped to C-SPAN Radio...just to hear it.

[pberq]

150. The link on the Banking Committee website works better

This brings up a Real Player window:

http://banking.senate.gov/public/index.cfm?Fuseaction=Hearings.Detail&HearingID=7a41ae9e-30b2-4d7f-8f1b-4ef2e8ae28f7

[KoKo]

151. Thanks for that link.....not as many folks on there...so it's clearer...

[cyberpj]

139. It's NOT INEPTITUDE - I wish they'd stop saying that. This was a planned theft!

[Mist]

144. Allard (R-Colorado) says gov't can't run businesses. This is NOT ABOUT GOV'TS RUNNING

BUSINESSES. IT'S ABOUT GOV'T OVERSIGHT OF BUSINESS, YOU FUCKING BUTTWAD TOOL!

Sorry, just had to rant a bit. Kee-rist, I hate Rethugs.

[Subdivisions]

145. Can we get a second thread? Thanks. n/t

[Mist]

147. Lemon-sucker Paulson up now. nt

[cyberpj]

148. Paulson's up now. (New thread time?)

[shadowknows69]

149. thread two

<http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4066034>