McCain says government `forced' to ba...

McCain says government `forced' to bail out AIG

There are 53 comments on the LA Daily News story from Sep 17, 2008, titled McCain says government `forced' to bail out AIG. In it, LA Daily News reports that:

Republican presidential candidate John McCain, a day after flatly rejecting the idea of a taxpayer bailout for American International Group Inc., said Wednesday that the government had been "forced" into ...

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“"The Land Man"”

Since: Aug 08

Savannah

#48 Sep 21, 2008
doug lowe wrote:
hey louis, the sad truth is the short bus brigade repugs who post out here never let such an inconvenient trifle as FACTS stand in the way of their lunatic paranoid self defeating hate mongering! They are inbred uneducated jingoistic simpletons decieved by false wedge issues into voting against their own economic best interest. The Repugs may not know how to govern, but their experts at getting drooling cretins to vote for them. PT Barnum was right!
You are right Doug, but perhaps God has not finished with them yet...
doug lowe

Los Angeles, CA

#49 Sep 21, 2008
Louis_realestate wrote:
<quoted text>
You are right Doug, but perhaps God has not finished with them yet...
let's just hope he is a forgiving god, espescially where duuhbaya is concerned!!
jackie oh

Costa Mesa, CA

#50 Sep 22, 2008
doug lowe wrote:
<quoted text>let's just hope he is a forgiving god, espescially where duuhbaya is concerned!!
my god hon, bush deserves a lot of things, but forgiveness isn't one of them
doug lowe

Los Angeles, CA

#51 Sep 22, 2008
jackie oh wrote:
<quoted text>my god hon, bush deserves a lot of things, but forgiveness isn't one of them
hmm..even the worst president in the history of all time (under redundant see redundant) deserves a chance to make his case with his creator..heh heh! BTW jax, u must check out Maureen Dowd's sunday colmn if u haven't already!
shirley

United States

#52 Sep 26, 2008
I think all the fat cats in Washington are to blame-------I dont think Barack Obama should be so quick to point a finger at the Republicans when all he has to do is look in his Democratic wallet and see the thousands of dollars that Fannie May gave him--------such money given so freely to so many doesnt help matters any. They gave money to democrats and republicans alike. I wonder how many Americans could have bought homes or cars with that money, it is just as much ours as it is theirs. They are a greedy bunch and it is sad that the American people have been treated like so much trash.I dont think we should bail anyone out, just let the chips fall where they may, they all did this and we shouldnt have to pay for it.. They do not deserve a salary, they get too many fringe benefits.
shirley

United States

#53 Sep 26, 2008
yeah, kiki, I agree with you, Sarah will make us proud , but if you are honest in Washington,chances are you end up assasinated , its a shame nothing good can survive there -----------maybe she might be the exception to the rule. She rocks
jackie oh

Costa Mesa, CA

#54 Sep 27, 2008
doug lowe wrote:
<quoted text>hmm..even the worst president in the history of all time (under redundant see redundant) deserves a chance to make his case with his creator..heh heh! BTW jax, u must check out Maureen Dowd's sunday colmn if u haven't already!
thanks< i love MD> Great line about speed dating diplomacy!
rush todrugstore

Los Angeles, CA

#55 Sep 27, 2008
yeah, too bad kissinger could never get this Eliza ready for the big dance!!
jackie oh

Costa Mesa, CA

#56 Sep 28, 2008
eliza doolittle will be demoted from veep candidate to third string sportscaster in fifth tier market! the rain in wasilla falls mainly on godzilla!
Coach

Atlanta, GA

#57 Sep 28, 2008
Proposed Bail Out Plan

Protection for taxpayers, ensuring THEY share IN ANY profits

• Cuts the payment of $700 billion in half and conditions future payments on Congressional review

• Gives taxpayers an ownership stake and profit-making opportunities with participating companies

• Puts taxpayers first in line to recover assets if participating company fails

• Guarantees taxpayers are repaid in full — if other protections have not actually produced a profit

• Allows the government to purchase troubled assets from pension plans, local governments, and small banks that serve low- and middle-income families

Limits on excessive compensation for CEOs and executives

New restrictions on CEO and executive compensation for participating companies:

• No multi-million dollar golden parachutes

• Limits CEO compensation that encourages unnecessary risk-taking

• Recovers bonuses paid based on promised gains that later turn out to be false or inaccurate

Strong independent oversight and transparency

Four separate independent oversight entities or processes to protect the taxpayer

• A strong oversight board appointed by bipartisan leaders of Congress

• A GAO presence at Treasury to oversee the program and conduct audits to ensure strong internal controls, and to prevent waste, fraud, and abuse

• An independent Inspector General to monitor the Treasury Secretary’s decisions

• Transparency — requiring posting of transactions online — to help jumpstart private sector demand

Meaningful judicial review of the Treasury Secretary’s actions

Help to prevent home foreclosures crippling the American economy

• The government can use its power as the owner of mortgages and mortgage backed securities to facilitate loan modifications (such as, reduced principal or interest rate, lengthened time to pay back the mortgage) to help reduce the 2 million projected foreclosures in the next year

• Extends provision (passed earlier in this Congress) to stop tax liability on mortgage foreclosures

• Helps save small businesses that need credit by aiding small community banks hurt by the mortgage crisis — allowing these banks to deduct losses from investments in Fannie Mae and Freddie Mac stocks

Office of Speaker Nancy Pelosi – September 28, 2008
From The Grave

Anonymous Proxy

#58 Sep 2, 2012
doug lowe wrote:
hey louis, the sad truth is the short bus brigade repugs who post out here never let such an inconvenient trifle as FACTS stand in the way of their lunatic paranoid self defeating hate mongering! They are inbred uneducated jingoistic simpletons decieved by false wedge issues into voting against their own economic best interest. The Repugs may not know how to govern, but their experts at getting drooling cretins to vote for them. PT Barnum was right!
Repugs?? It is you dougie isn't it. Where is jax?

Since: Jul 11

Location hidden

#59 May 23, 2014
Maury Wills Jr wrote:
He was against the bail out, before he was for it.....Flip flopper John, pandering again, by the way, his (ex?) economic advisor Phil "Philandering Cash Whore" Gramm pushed in 1999 for de-regulation of the mortgage business, then went to work for one of the mortgage giants w/in 1 year of leaving congre$$ nice to have a follow up job, and we are the whiners, elect MCCain & get more of the same- bailouts & corporat welfare, you individual citizen are wimps & can live on cheese logs....
Good Post

Since: Jul 11

Location hidden

#60 May 25, 2014
Maury Wills Jr wrote:
He was against the bail out, before he was for it.....Flip flopper John, pandering again, by the way, his (ex?) economic advisor Phil "Philandering Cash Whore" Gramm pushed in 1999 for de-regulation of the mortgage business, then went to work for one of the mortgage giants w/in 1 year of leaving congre$$ nice to have a follow up job, and we are the whiners, elect MCCain & get more of the same- bailouts & corporat welfare, you individual citizen are wimps & can live on cheese logs....
lol!

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