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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 10:42 PM
Original message
No wonder they want it NOW
Ok, going through Dodd's plan... far more substantive than Paulson's

So far here is the CRITICAL point

Section Eight of Paulson's says accountabitly Dodd's plan has monthly reporting obligations to both the House and the Senate, as well as weekly open reports on what is going on

They are also rquiring a full actuarial report of all they do.

So far, this is a far better plan... now back to readyng and highlingthign this... hmmm call tomorrow will be more nfrmed as wel
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 10:43 PM
Response to Original message
1. Paulson just wants to delay 6 weeks
Edited on Tue Sep-23-08 10:45 PM by seemslikeadream
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 10:47 PM
Response to Reply #1
3. Great Zina Saunders artwork. Thanks for the link
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 10:49 PM
Response to Reply #1
5. Au contraire, he wants it now, with no accountabilty
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 10:50 PM
Response to Reply #5
6. That's what I mean the $700 billion is just to stall
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 10:54 PM
Response to Reply #6
8. Wel;l if this works, we are still in for a very rough patch
it if does not... hold on to your shorts

Readying dodd's plan at least tells me people are thinking over there
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:03 PM
Response to Reply #8
10. I have heard from some very different places all saying the same date
7thOctober
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:05 PM
Response to Reply #10
12. For what a major crash?
not saying that it would shock me...
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:22 PM
Response to Reply #12
14. this is one of several coming from way different backgrounds saying the same dates
Edited on Tue Sep-23-08 11:25 PM by seemslikeadream
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:30 PM
Response to Reply #14
15. SLAD I sincerely hope this does not come to pass
truly
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:35 PM
Response to Reply #15
16. I know georgie had plans for this 2 months ago, troops coming home for what now?
Edited on Tue Sep-23-08 11:36 PM by seemslikeadream
protecting us? When was that in October?
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:36 PM
Response to Reply #16
17. I know and after the embassy and hotel were bombed
I went... Iran here we go

But I still hope this does not come to pass

We get an attack... and that will be the final nail

EO 51... I know what that means
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:47 PM
Response to Reply #17
20. well it's not on my to do list for Thanksgiving
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:49 PM
Response to Reply #20
21. Hey this latest doozy is waking people up though
I alwasy said that asses on line have that effect... well they are
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:56 PM
Response to Reply #21
22. and Buffet kickin in that $5b, I wonder what little georgie thinks of that?
maybe you don't need $700.000. Warren thinks the markets are pretty safe :shrug:

Maybe Warren has saved us
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 12:00 AM
Response to Reply #22
23. Not quite, he knows Goldman Sachs should do well
given who is who in the zoo
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MadrasT Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 12:03 AM
Response to Reply #14
24. Those sites are postively fascinating.
Thanks for posting the links. :hi:
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 12:07 AM
Response to Reply #24
25. I like their newscanner page
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MadrasT Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 08:18 AM
Response to Reply #25
29. This site kept me up exploring for a long time last night.
I'll be back many more times, I'm sure. It's really extraordinary. Thanks again! :hi:
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Raksha Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 01:20 AM
Response to Reply #14
28. Wow...thanks for the links to Half Past Human
and Urban Survival. It all sounds like something out of a science fiction movie, and yet I think I have an idea how it might work. I'm still blown away by it all, and yet it's consistent with my lifelong interest in synchronicity.

So something "big" could happen on or around October 7th? Given the catastrophic happenings in the financial world this past week, it sounds we could be in for a very nasty October surprise.
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:38 PM
Response to Reply #10
18. Well, that's when the Quarterly Reports start becoming public.
September is the end of the fiscal year, not just for the federal government, but for many companies as well.

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Marr Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:40 PM
Response to Reply #5
19. Yes-- the timing is certainly suspicious, isn't it?
Edited on Tue Sep-23-08 11:43 PM by Marr
It's like the pigs see the party is ending soon and want to pull one last big tax money heist. It seems more like a drug binge than a crisis.
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 10:44 PM
Response to Original message
2. correction, Paulson's bailout plan says NO accountably!
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 10:48 PM
Response to Reply #2
4. 'Xactly, but Dodd's has accountabilty
remember, Paulson's is trhee pages long, this one is 48... far more substantive and no exactly what Paulson wants
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 10:51 PM
Response to Original message
7. If I read this correctly the insurance on the Mutual Funds is not
permament either

(c) MONEY MARKET FUND AUTHORITY.—
2 (1) IN GENERAL.—The Secretary is authorized
3 to establish an insurance or guarantee program for
4 money market mutual funds in connection with the
5 program authorized by this Act.
6 (2) APPLICABILITY.—The authority of this sub
7 section shall remain in effect—
8 (A) for 120 days following the date of en
9 actment of this Act; or
10 (B) such longer period, not to exceed 365
11 days after the date of enactment of this Act, as
12 the Secretary certifies in writing to Congress is
13 necessary to continue the insurance or guar
14 antee program for money market mutual funds.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 10:55 PM
Response to Original message
9. Paulson has no limit, this one has a two year limit
this SEEMS somewhat solid...
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:04 PM
Response to Original message
11. Well overall this is a good plan, DODD's but it still is missing
some bones

That said, it does have supervision, deals with conflict of interest and yes, deals with homeowners shafted

It is a far better plan than whatever Paulson wanted, and this will lead to oversight....

It is NOT a blank check

They could do more, but this is quite ahem "clean" and does not give a blank check
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:20 PM
Response to Original message
13. Oh and finall.y they are still a little cozy with the industry
that to me is a problem

And they need to add protections against us buying any foreign securities
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clear eye Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 12:10 AM
Response to Original message
26. Reports are NOT accountability
Reports w/o the ability to enforce a change by halting a purchase or replacing the decision-makers is just an invitation for some more Bush administration nose-thumbing while they loot even the Treasury's borrowing power. This thread is a definite "skip it".
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 12:20 AM
Response to Reply #26
27. that is in there, read the report
I downloaded the PDF and had some fun wiht it... it NEEDS more bones BUT it s a good start

And compard to Paulson's it is amazingly detailed
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conscious evolution Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 08:23 AM
Response to Original message
30. Is it time to impeach Paulson ?
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