dagblog - Comments for "Holy *%$# ... Bailout defeated, market collapses"

Yes, something needs to

gary — Wed, 01 Oct 2008 17:23:15 +0000

In reply to Holy *%$# ... Bailout defeated, market collapses

Yes, something needs to happen... system confidence needs to be restored. Some form of legislation needs to be passed.

But I believe that the American people need to have a few scapegoats if they are going to pony-up $700B. Pur some teeth in the bill. Wall Street types and SEC types need heavy fines and / or jail time. Time to call in the FBI and IRS... and any other investigative agency to go after the crooks. Seize their passports.

I also believe that McCain is right about Cox.... he should be fired. His own inspector general said there was little enforcement. One of the few things I agree with McCain about.

BTW, I just heard that the WaMu CEO, a new hire, will walk away with $20M for 17 days work... nice golden parachute. Thank you very, very much. Let's see how much publicity this fact gets. This should really help sell the 40% of house dems who voted against the bill.

I like the global warming

Deadman — Tue, 30 Sep 2008 18:36:40 +0000

In reply to I have no admiration for

I like the global warming analogy, to a point. The preponderance of evidence suggests goverment action would be far better than inaction in handling this economic crisis, but it doesn't begin to approach the levels supporting the need to take significant action on the issue of global warming.

i believe there can be legitimate debate, with valid points on both sides, about the need for the government to get involved here and to what extent (not to mention the rapidity with which such action must be taken), whereas global warming issue now should be practically a settled matter with the only questions surrounding possible solutions. Of course, the fact that it isn't does suggest that dogmatic ignorance is not absent within the halls of Congress, but I'm not so sure it applies here.

I have no admiration for

Michael Wolraich — Tue, 30 Sep 2008 04:09:19 +0000

In reply to Holy *%$# ... Bailout defeated, market collapses

I have no admiration for principled idealism that is stubbornly blind to historical evidence and the advice of experts. The same motivations have driven the same people to dismiss widespread evidence of and scientific consensus on global warming because of their idealogical opposition to regulation. It's nothing more than dogmatic ignorance.