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Offline Wretched Excess

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Bailout: Senate to vote Wednesday
« on: October 01, 2008, 09:27:09 AM »

I wonder what kind of mischief will be buried in this one . . .

Quote
Bailout: Senate to vote Wednesday
The bailout package adds new provisions - including raising the FDIC insurance cap. Democratic sources tell CNN that they expect bipartisan support.

NEW YORK (CNNMoney.com) -- The Senate plans to vote on the $700 billion bank rescue plan Wednesday evening - two days after the House failed to pass it.

The bill adds new provisions - including raising the FDIC insurance cap to $250,000 from $100,000 - and will be attached to an existing tax bill that the House also rejected Monday, according to several Democratic leadership aides.

The vote is scheduled for after sundown, in observance of Rosh Hashanah. Republican presidential nominee John McCain, R-Ariz., and Democratic nominee Barack Obama, D-Ill., and his running mate Joe Biden, D-Del., confirmed that they would be present for the vote.

Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., announced the plan Tuesday night.

"Senate Democrats and Republicans believe it is essential that we work quickly on this important legislation to restore confidence to our financial system and strengthen the economy," Reid said in a statement.

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Offline DumbAss Tanker

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Re: Bailout: Senate to vote Wednesday
« Reply #1 on: October 01, 2008, 09:30:40 AM »
Popular or not, it's a foregone conclusion that they have to pass something sooner rather than later.  There seem to be a couple of desirable points here that the Republicans can't get through on their own like AMT relief, I suppose it could be a damned sight worse.
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Offline Baruch Menachem

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Re: Bailout: Senate to vote Wednesday
« Reply #2 on: October 01, 2008, 02:38:39 PM »
It will be a lot worse.

I hope the senate leaderhip is as crass as the house, and they work to defeat it.
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Offline Chris_

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Re: Bailout: Senate to vote Wednesday
« Reply #3 on: October 01, 2008, 02:43:09 PM »
I have once again sent notice to both my senators and my congress-shit that voting for this bill is unacceptable, and grounds for termination, if I can effect it.  Considering that I'm a precinct committeeman and have access to the names and addresses of Registered (R)s in my precinct, and contact with most of the other pricinct people in the county, it ought to make 'em take my warning seriously.
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Offline Hawkgirl

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Re: Bailout: Senate to vote Wednesday
« Reply #4 on: October 01, 2008, 04:36:47 PM »
Quote from: DefiantSix on October 01, 2008, 02:43:09 PM
I have once again sent notice to both my senators and my congress-shit that voting for this bill is unacceptable, and grounds for termination, if I can effect it.  Considering that I'm a precinct committeeman and have access to the names and addresses of Registered (R)s in my precinct, and contact with most of the other pricinct people in the county, it ought to make 'em take my warning seriously.

H5  :clap:
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