Wednesday, September 24, 2008

wall street quotable quotes

Some quotes from various people about the mooted Bush-Paulson-Bernanke Wall Street Bailout...

"While Wall Street banks get to sell their bad investments to the Treasury Department, homeowners will still be saddled with mortgages they cannot afford." - Senator Richard Shelby of Alabama.

"It does not make any sense; it will reward the banks first, who got us in the financial mess." Senator Mike Enzi of Wyoming.

"Just because God created the world in seven days doesn't mean we have to pass this bill in seven days." - Representative Joe Barton of Texas.

"I'm very concerned that the express need to pass something now may prevent us from devising a plan that would actually work." - Senator Richard Shelby of Alabama, again.

"We've tried to avoid propping up failed businesses on Main Street; we should not prop up failure, malfeasance and avarice on Wall Street." - Senator Wayne Allard of Colorado.

"This massive bailout is not a solution -- it is financial socialism, and it's un-American." - Senator Jim Bunning of Kentucky.

"I think the taxpayers should expect no less than strict limits on what kind of executive compensation might be possible for those involved in these partially government-controlled enterprises." Senator Mitch McConnell of Kentucky.

Oh, and all of those guys above are REPUBLICANS! Here are what various Democrats had to say on the same topic.

"I am not going to be stampeded into rubber-stamping this proposal." - Senator Bob Menendez of New Jersey

"Where have I heard this before? 'The Iraqis have weapons of mass destruction, and they're ready to use them.' I'm in no rush to do this." - Representative Gene Taylor of Mississippi. (D-Miss.).

"It's their problem. It's their bill. And they're going to have to figure out if they can support it," - Speaker of the House Nancy Pelosi of California.

"Speed is important, but I'm far more interested in whether or not we get this right." - Senator Chris Dodd of Connecticut.

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