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Tag Archive 'impending disaster'


Dow drops 778 after House nixes Wall St. bailout

September 29th, 2008

It seems just about half the members of the U.S. House of Representatives have half a brain, or, if not that, then at least the commonsense God gave to individuals fiscally responsible for managing household budgets.

Barack Obama, however, is not among that crowd: he had this strange idea that the very CEOs that got the financial institutions into a mess should receive “reasonable compensation packages.” Those CEOs should be paying compensation to the U.S., to the homeowners they helped defraud by giving mortgages to people who never should have qualified for them in the first place.


McCain’s straight talk about home loans is on-target

March 28th, 2008

McCain scored a point with me when he said that no emergency bailout should be made to the people who obtained these mortgages. His opponents, though, Hillary Clinton and Barack Obama, have made comments in the recent past that some kind of “help” ought be made available to the people with these mortgages. My question to Clinton and Obama would be: “Why? Are you looking at rewarding bad and irresponsible behavior?”