Chris Dodd: Economy and Constitution at Risk

millions taken by dodd and frank for de-regulations

Let these two and the other scammers give back to the public coffers the money they took to bring about this crisis in the market place. If all these robbers in congress and senators were to pay back monies stolen in order to bring the country to its knees would pay back the funds we could get by without slapping it on the backs of the poor and needy, now including the (used to be middle class thanks to Bush). Get with it, pull out the check books boys and be responsible. Where were you with this when we needed a concensus on invading Iraq???eh!!!!

Barney of @ Sep 28, 2008 00:40:51 AM

RESCUE MAIN STREET, NOT THE BUMS WHO HAVE BEEN LOOTING MAINSTREETOTED

SAVE THE TAXPAYERS BILLIONS Please don't allow Sub Contractors to dole out the $709 B. There are numerous federal agencies with the expertise and manpower to handle this job.

How about paying off the remaining mortages for all American citizend ? This takes care of MAIN STREETS Sub Prime problem.

Let the market operate freely. There are plenty of investors willing to buy the business's that face bankrupcy.

William Seideman of TX @ Sep 27, 2008 15:59:45 PM

Transation tax

A transaction tax on wall street trades as a way to fund bailouts is 1st idea that makes me think "wow what a great idea!".

Economist Dean Baker proposes 0.02% on futures and 0.025% on equities trades - as a way to fund the long term costs of the bailout.

We can't know the overall cost. Lets take $150b revenue from wall street activiteis - and keep the tax in place until taxpayers are made whole.

Good idea?

Kurt Milne of CA @ Sep 24, 2008 15:10:20 PM

fox in the hen house

Don't you just hate it when the the banking industry insiders make sense in their comments to the public and yet do the opposite, in real life with their acts (http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html). Thank you for the link. Notice how next-to-impossible it is to find a link on your state website were the public can come down and protest. It is impossible on our State of Tennessee website to find when and were things are coming up in legislature. Is is not accident. The only legislature three months ago that I could find was banks trying to keep other businesses from coming into the banking business. Gees, people...

Bertie of TN @ Sep 24, 2008 11:46:57 AM

PANIC

PANIC IS BEING INSTILLED IN THE PUBLIC MIND

CATASTROPHE? THIS IS NO TIME TO PANIC

http://pacificgatepost.blogspot.com/2008/09/road-to-panick-get-off.html

This is a crisis, but not a disaster that should strain thinking toward the abandonment of common sense. America is still America.

PacificGatePost of WA @ Sep 24, 2008 02:21:11 AM

Short Term Fix... Long Term Solution...?

If the economy over the past few months had been a basketball match, it would have been game over a long time ago. Bottom line is even non-economists could see this coming years ago. I for one predicted a huge economic downturn like this right after it began post "September 11th". Somebody (in fact a number of 'somebodies') took their eye off the ball.

What is being proposed from the Treasury is a short term fix, and I predict that more bail-out money will be needed. It's like trying to fix the Titanic with a large piece of bubble-gum, what was needed was more liferafts.

What we need to see from our governing powers is not just a patch-job, but a plan for much longer term stability, which means fixing the problem. To make matters worse, we're in an election year, a potential power shift, and somebody ultimately being left holding the baby.

This time folks, let's not throw the baby down with the Titanic!

Anthony Donnelly of MN @ Sep 23, 2008 23:59:14 PM

Dodd Debacle

So, now we have found that the democrats on the banking committee refused oversight of Fannie Mae and Freddy Mac in spite of a stern warning by the Feds Alan Greenspan and killed in committee that oversight that was sorely needed leading to today's MUST DO bailout led by whom??? Chris Dodd, of course with the imbicile Bush leading the way!

GARY R TOMS SR of NJ @ Sep 23, 2008 20:02:03 PM

Bailout

Stand firm, Senator Dodd. Our Constitution is clear on Separation of Powers. Congress must oversee spending and regulation. We do not need an executive dictatorship. We do need you to stand firm, Senator Dodd. We will get through this debacle with commonsense and accounting that is transparent and traceable to those chief executive officers and chief financial officers who sign the documents. Anything else is criminal and against the Constitution of the United States.

Kathleen Kenefick of TX @ Sep 23, 2008 17:12:50 PM