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More Idiotic Housing Bailout Ideas

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February 08, 2008 – Comments (7)

A bit behind the curve on this one, but Chris Dodd wants U.S. Taxpayers to start buying crummy mortgage bonds directly. Bail out his hedge-fund and big-shot banking constituents directly (after they've scampered away with their bonus money) while giving the appearance of helping overstretched borrowers.

Really, I don't have time to keep up with it all. For all the news that'll make ya sick, see HousingPanic.

7 Comments – Post Your Own

#1) On February 08, 2008 at 9:50 AM, Imperial1964 (98.29) wrote:

Well, of course.  Look at where his contributions come from!

CHRISTOPHER J. DODD (D)
Top Contributors

SAC Capital Partners $319,800

Citigroup Inc $160,394

United Technologies $150,600

Royal Bank of Scotland $129,050

Bear Stearns $122,650

Travelers Companies $106,900

Goldman Sachs $106,400

The Hartford $99,800

AIG Financial Products $84,300

Merrill Lynch $77,000

Ernst & Young $70,750

General Electric $68,750

JP Morgan Chase & Co $68,050

Morgan Stanley $67,800

Apollo Advisors $66,500

AQR Capital Management $64,400

Bank of America $63,000

PricewaterhouseCoopers $61,800

Taconic Capital Advisors $60,700

Kpmg Llp $57,550

source: http://www.opensecrets.org/pres08/contrib.asp?id=N00000581&cycle=2008 

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#2) On February 08, 2008 at 9:53 AM, dwot (46.63) wrote:

Yup, disgusting...

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#3) On February 08, 2008 at 2:22 PM, AntiRL (< 20) wrote:

I'm resigned to the fact it doesn't matter how much we complain, pretty much those who benefited most from this crap are gonna get bailed out eventually.  Look at this and it looks just like comment #1's contributions.  

 http://money.cnn.com/2008/02/04/markets/election_donors/index.htm?postversion=2008020511

 They can't even choose political sides, so they give money to all these turkeys.  No Friggin'  backbone.  How is it that when the good times were rolling, they wanted no federal / govt intervention or regulations but now the shit has hit the fan 2-3 years later they all want to be bailed out at our expense.  When is enough ENOUGH!!!

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#4) On February 08, 2008 at 8:16 PM, abitare (61.26) wrote:

wow. good post. Imperial1964, good link, thank you.

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#5) On February 08, 2008 at 11:09 PM, Imperial1964 (98.29) wrote:

Any time I can be critical of our leaders, I'm happy to do so.

Our country's leaders should be held to the highest of standards.  I don't buy this "yeah, well he's the lesser of two evils" BS.

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#6) On February 09, 2008 at 4:45 AM, abitare (61.26) wrote:

TMFBent,

I cannot post this due to my important post of Lord Humungus Speech, but I thought it was worth posting somewhere:

Australian Real Estate Agents File Defamation Claim Against Google February 8, 2008

Two real estate agents in Victoria, Australia have filed suit against Google. Mark Forytarz & Paul Castran claim defamation due to articles painting them in a negative light that can be found on the search engine. So…they’re filing suit for links. Here are Mark Forytarz’ search results.

 

http://www.ericbramlett.com/blog/australian-real-estate-agents-file-defamation-claim-against-google/ 

 

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#7) On February 09, 2008 at 2:50 PM, TMFBent (99.81) wrote:

Aww, poor little RE agents...

I can't imagine this suit working out except in a place like Russia, and even then, only if the filers were bribing enough judges to make it fly.

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