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Update on the Bailout – Part II

It Failed.

I’d like to consider this an open thread – now what do “we” do?

I’ll throw some ideas out there, but I want to hear from others first.

Tom

13 comments

13 Comments so far

  1. Ryan Ward September 29th, 2008 12:49 pm

    Kill Sabanes-Oxley, cut capital gains and insure them instead of buy them.

    http://www.ryanwardrealestate.com/WordPress/an-easier-fix-insure-subprime-the-way-the-government-insures-fha/

  2. Ryan Ward September 29th, 2008 12:52 pm

    Sorry, typo – supposed to say Sarbanes…

  3. Barry Bevis September 29th, 2008 12:53 pm

    I think this quote may show the silver lining in the cloud…
    “We’re all worried about losing our jobs,” Rep. Paul Ryan, R-Wis., declared in an impassioned speech in support of the bill before the vote. “Most of us say, ‘I want this thing to pass, but I want you to vote for it — not me.’

    Its still all politics but at least they are worried about getting voted out!

  4. Michael Cook September 29th, 2008 1:25 pm

    Is cry large sad tears an option?

  5. Dave September 29th, 2008 2:26 pm

    Let it ride.

    Ask yourself: do you truly believe in free markets, or not?

  6. Smithers September 29th, 2008 5:56 pm

    “Is cry large sad tears an option?”

    Sorry, there’s no crying in banking.

    (but hard drinking would be ok … )

  7. Thomas Johnson September 29th, 2008 8:19 pm

    @ Smithers No credit at the Bull & Bear. The Lehman boys are not buying and the Merrill guys are trying to make it on a bank teller’s salary.

  8. Thomas Johnson September 29th, 2008 8:21 pm

    The difference between a bond trader and a pigeon?

    The pigeon can still make a deposit on a BMW.

  9. […] Well, it failed. […]

  10. Wine Dog September 30th, 2008 5:59 am

    You put on your big boy pants and go sell a house. What else would we do? ;)

  11. Darren Kittleson September 30th, 2008 6:24 am

    I agree with Wine Dog. Of course AP stories like one I saw this morning stating house prices could fall another 18% because of this certainly won’t spur anything.

  12. […] Well, the Bailout Bill failed. […]

  13. […] Well, the Bailout Bill failed. […]