Kill the bailout: Dodd makes me gag
I’m trying to stomach the Senate floor “debate” on the trillion-dollar-plus Crap Sandwich — which isn’t a debate at all.
Let me boil it down for you so far: Over the past 45 minutes, I’ve watched GOP Senator after GOP Senator heaping praise on Chris Dodd for his “leadership.”
Unscrupulous borrower Dodd has now taken the floor to cite a Washington Post article quoting some German person urging Americans to support the bailout because he’s innocent and he’s getting hurt by financial uncertainty.
Having cited an Absolute Moral Authority abroad, Dodd has circled back to his “predatory lending” and anti-greed screeds.
Ahem: Crumbling Financial Giants Gave Generously To Dodd
Ahem: Dodd knew since 2003
Ahem: Chris Dodd: Unscrupulous borrower
God save us from bipartisanship.
***
Related: IBD is right on…Should Congress be perp-walked?
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Categories: Subprime crisis
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I believe that’s what The Chicago Council on Global Affairs is all about.
Note that both Michelle Obama and William A. Osborn, the Chairman of the Board of her mortgage company (Northern Trust Corporation), are on the board.
Naming names (two of which have connections to Goldman Sachs):
Lester Crown BOARD CHAIRMAN
Chairman, Henry Crown & Company
John F. Manley BOARD VICE CHAIRMAN
President, Chicago City Capital Group
Michael H. Moskow BOARD VICE CHAIRMAN
Senior Fellow on the Global Economy, The Chicago Council on Global Affairs
Shirley Welsh Ryan BOARD VICE CHAIRMAN
Chairman, Pathways Awareness Foundation
Leah Zell Wanger BOARD TREASURER
President and Lead Portfolio Manager, Lizard Investors LLC
Jeffrey C. Neal BOARD SECRETARY
Partner, Chairman of the Investment Committee, Horizon Capital Advisors, LLC
Marshall M. Bouton PRESIDENT
President, The Chicago Council on Global Affairs
DIRECTOR
Eduardo M. Alvarez
Vice President, Booz & Company
Anthony K. Anderson
Vice Chair and Midwest Managing Partner, Ernst & Young LLP
Mark A. Angelson
Chairman, MidOcean Partners
Jose Armario
Group President, McDonald’s Canada and Latin America
Graham Atkinson
Executive Vice President and Chief Customer Officer, United Airlines
Brenda C. Barnes
Chairman and Chief Executive Officer, Sara Lee Corporation
Henry S. Bienen
President, Northwestern University
Philip M. Condit
Retired Chairman and Chief Executive Officer, The Boeing Company
Donald A. Cooke
Senior Vice President, Philanthropy, McCormick Foundation
Richard H. Cooper
Founder, General Welfare Group, LLC
William M. Daley
Chairman of the Midwest Region, JPMorgan Chase & Company
Marilyn R. Diamond
Co-Chair, Chicago Casablanca Sister Cities International Program
Douglas A. Doetsch
Partner, Mayer Brown, LLP
Jim Edgar
University of Illinois
John R. Ettelson
President and Chief Executive Officer, William Blair & Company
Charles L. Evans
President and Chief Executive Officer, Federal Reserve Bank of Chicago
D. Cameron Findlay
Executive Vice President and General Counsel, Aon Corporation
Michael M. Froy
Partner, Sonnenschein Nath & Rosenthal, LLP
Christopher B. Galvin
Chairman, Harrison Street Capital LLC
Scott Gordon
Chairman and Chief Executive Officer, Rosenthal Collins Group, LLC
J. Douglas Gray
President and Chief Executive Officer, Everett Smith Group, Ltd.
Blair Hull
Chairman and Chief Executive Officer, Matlock Capital
Verne G. Istock
Retired Chairman, Bank One Corporation
David W. Johnson
Managing Director, Citigroup Global Markets Inc.
Richard Joseph
John Evans Professor of Political Science, Roberta Buffett Center for International and Comparative Studies, Northwestern University
Harry M. Jansen Kraemer, Jr.
Former Chairman and Chief Executive Officer, Baxter International, Inc; Executive Partner, Madison Dearborn Partners, LLC
Paul A. Laudicina
Managing Officer and Chairman of the Board, A.T. Kearney, Inc.
John Livingston
Director, Chicago Office, McKinsey & Company
John Jeffry Louis III
Chairman, Parson Capital Corporation
John W. Madigan
Retired Chairman and Chief Executive Officer, Tribune Company
Lewis Manilow
Former Chairman, Advisory Commission on Public Diplomacy
Lynn M. Martin
Former U.S. Secretary of Labor
Liam McCarthy
President and Chief Operating Officer, Molex Incorporated
Andrew J. McKenna, Jr.
President, Schwarz Supply Source
Robert P. McNeill
Executive Vice President, Atlantic Trust Private Wealth Management
Marcel J. Molins
Executive Committee Member & Partner, Baker & McKenzie LLP
Wayne L. Moore
Retired Managing Director, Goldman, Sachs & Co.
Clare Muñana
President, Ancora Associates, Inc.
Michelle Obama
Vice President for Community and External Affairs, The University of Chicago Medical Center
William A. Osborn
Chairman of the Board, Northern Trust Corporation
Henry H. Perritt, Jr.
Professor of Law, Chicago-Kent College of Law
Douglas A. Pertz
Partner, One Equity Partners
Richard W. Porter
Partner, Corporate, Kirkland & Ellis LLP
Margot Pritzker
President, WomenOnCall.org
Frank S. Ptak
President and Chief Executive Officer, The Marmon Group LLC
Imad I. Qasim
Partner, Sidley Austin, LLP
Kimberly K. Querrey
President, Querrey Enterprises
Raghuram G. Rajan
Eric J. Gleacher Distinguished Service Professor of Finance, University of Chicago, Graduate School of Business
Michael Roberts
Chief Executive Officer and Founder, Westside Holdings
John W. Rowe
Chairman and Chief Executive Officer, Exelon Corporation
Sunil M. Sanghvi
Director, McKinsey and Company
Samuel C. Scott III
Chairman, President and Chief Executive Officer, Corn Products International, Inc
Alejandro Silva
Chairman, Evans Food Group Ltd.
Adele Simmons
Vice Chair and Senior Executive, Chicago Metropolis 2020
David B. Speer
Chairman and Chief Executive Officer, Illinois Tool Works Inc.
James H. M. Sprayregen
Managing Director, Goldman, Sachs & Co.
Fred G. Steingraber
Chairman, Board Advisors
Richard D. Stephens
Senior Vice President, Human Resources & Administration, The Boeing Company
Charles A. Tribbett III
Managing Director, Russell Reynolds Associates
David J. Vitale
Senior Advisor to the Chief Executive Officer, Chicago Public Schools
Michael E. Werner
President and Chief Executive Officer, Globe Union Group, Inc.
Linda S. Wolf
Retired Chairman and Chief Executive Officer, Leo Burnett Worldwide
Robert J. Zimmer
President and Trustee, The University of Chicago
HONORARY LIFE DIRECTOR
John H. Bryan
Retired Chairman, Sara Lee Corporation
Duane L. Burnham
Retired Chairman and Chief Executive Officer, Abbott Laboratories
Cyrus F. Freidheim, Jr.
President and Chief Executive Officer, Sun-Times Media Group, Inc.
Richard A. Hoefs
Civic Leader
Arthur L. Kelly
Managing Partner, KEL Enterprises, L.P.
Patricia B. Koldyke
Civic Leader
Fred A. Krehbiel
Co-Chairman, Molex Incorporated
Josephine B. Minow
Civic Leader
Harle Montgomery
Civic Leader
John M. Richman
Retired Chairman and Chief Executive Officer, Kraft, Inc.
John E. Rielly
Adjunct Professor of Political Science, Roberta Buffett Center for International and Comparative Studies, Northwestern University
Alex R. Seith
Partner, Wilson Frost & Alex Seith, Inc
Geoffrey B. Shields
President and Dean, Vermont Law School
Richard L. Thomas
Retired Chairman, First Chicago NBD Corporation
Robert E. Wieczorowski
Civic Leader
Robert B. Wilcox
Civic Leader
This is basic taxcode 101 crap.
A failure to tax is NOT a bad thing
unless you are a whiney commieasslib
I had no idea that MM was ADD….. Im loving this new side of her!
We’re just being tested. Like when she randomly cut us off for 45 minutes earlier today..
KEEP UP EVEYONE!!!! IM GOING AHEAD ALONE!!! ….. COFFEE!!!!!!!
Ok……We know the bailout is going to happen no matter what. It’s happened because the moneymen own both repubs and dems. And the moneymen want this so their toadies on both sides of the aisle will give it to them.
The communists aren’t behind this…..
Neither is the MSM…they’re owned businesses….
McCain is not the savior…neither is Palin…
Obama is not the antichrist….
Jesus isn’t coming to fix it….
It’s just the way business is done in this country….
And has been for a very long time…
D.O.D.D.I.S.A.S.C.U.M.B.A.G.C.R.O.O.K.
redpill,
you need some bandaids for that post?
lawdyy that was some typing son.
omigod Chuck Schumer’s doing some major brown-nosing of Obama.. what the.. he just flashed the ‘O’ sign.. what an idiot.
I suppose brown-nosing is a racist term now?
Even The Huffington Post is against this. What does this tell us? Even The Left, who are used to crap sandwiches, are full thank you.
http://www.huffingtonpost.com/david-sirota/top-5-reasons-to-vote-aga_b_130068.html
Tom,
I see that we got alot of what we asked for. To take the other bill that it is being appended to in order to play senate games is what it is and silly to take out of context.
I just dont understand why a heckuva lot more people arent proud of what was accomplished, guess they prefer to be whiney…. so it goes
Every one of these dispicable louts should be in prison for malfeasance and taking bribes. There is not one single politician in either party who did not get to where they are by selling out the very citizens they are supposed to represent. Have long wondered what the catalyst might be to cause the Ameican public to finally realize they have been sold down the river and it is time to rise up against this corrupt institution and clean house.This government created financial fiasco just may be enough to do the job. If not, then we truly have become a nation of ambivilent sheep.
Obama Salute Goes Back Further Than We Knew
They talk as if 75,000 - 150,000 is a low income! These people are absolutely clueless.
It’s painfully obvious that the Senate vote on the Crap Sandwich Bailout 2.0 is lost.
So I called my House Rep. today, Mr. Jerry Weller at his local office and although I only got his assistant, she said she’d pass my message on to him to vote NO on the Friday Bailout vote in the House.
I figure the House of Rep. is our only hope now, and Weller was the only Rep. that didn’t vote on Monday.
Independent Tom #104,
It’s that kind of thinking, that got us to this place, in the first place. Going along, to get along. No Thanks, I would rather tilt at Windmills…uh Windbags.
Well sure if we lower our expectations to the floor, I am sure we won’t be disappointed of course it means living below ground.
Bansharia, you offer absolutely nothing productive to the discussion.
bansharia said:
“too many threads to go thru, MM is getting manic.”
“…whiney self loathing idjots?…some aint ever going to be pleased, they may as well be dims…sure as hell dont need them on my team.”
You, bansharia, are a smarmy, self involved, attention seeking, useless, pedantic, dilettante.
Get over yourself!
Laree #114…
You’re mistaking an honest assessment of the situation for my thinking. Maybe you should pick another windmill, Sir Quixote…..And Bansharia?…”we” didn’t get everything we wanted….You got a mouse in your pocket?
barf me out, gag me with a spoon…fur sure fur sure…is this the best this country has to offer?? is this the best we can do?
Michelle Malkin for President…massive write in campaign?
Guess what else is in this “if we don’t pass it we will die” bill?
wool research and race tracks
I am not kidding you……
Let’s face it, our country is now run by a bunch of losers who couldn’t pull of managing a small town 7-11 without running it into the ground.
John Thune has been taken over by the sky-is-falling bodysnatchers now too…
Sad……
Independent Tom….”You got a mouse in your pocket?”
Thanks for the much needed laugh….
This appears to me to be nothing more than sanctioned looting to the treasury.
If this is how business is to be conducted going forward, we are screwed.
Many of us have demanded the politicians do the proper thing, they have turned their backs on us.
The 400 pages of pay-offs is all it took, to turn the Treasury of the United States if America over to looters.
Welcome to Hell!
Thanks, ChristmasGhost for the updates.
“Wool research and race tracks”, seriously? Where?
AND John Thune!!! Ughhhhhhhhhhh!
Say it isn’t so??!!
But, hey…wait a minute…Sen. Nelson, Fla., he’s a NO!
No Independent Tom, I got your opinion, we all have one, and you know what they are like
I am playing. That would be Senora Quixote.
It’s not a Bail Out Bill, It’s a Work Out Compromise, No that’s not Right, it’s a Rescue Plan..er a Rescue Package. 700 Billion Dollars for NASCAR, well why didn’t they say so alrighty then, Woo Hoo. LOL
Anybody got a Fax # for Lindsey Graham? Apparently, no one’s home at his office. We know we will not change his mind, but it is so infuriating to hear these pompous a##&s saying that WE just do not “get” it.
Did any one else hear Graham offering the testimony of his Used Car Salesman constituent, who supports him in this?
The supporters have admitted that they do not even know if this 700 Billion boondoggle will work, but they are willing to take the risk???!!!???!!!
SO, THEY ARE WILLING TO PARTICIPATE IN THIS FINANCIALLY HIGH RISK BEHAVIOR TO ADDRESS THE FINANCIALLY HIGH RISK BEHAVIOR THAT CREATED THE PROBLEM???!!!???
Oh, and this legislation does not even address the “HIGH RISK BEHAVIOR”.
Please, any of you that are stepping up to the plate by contacting Congress, please do not stop, & organize as many peeps as you can.
Independent Voter #127, all his numbers should be on his official web page here it is:
http://lgraham.senate.gov/public/index.cfm?FuseAction=Home.Home
Financially high risk behavior indeed. There are $63 trillion in high risk derivatives out there looking for a place to sit down.
Musical chairs? Ponzi scheme? Junk paper up the wahinki.
Deck chairs on the Titanic anyone? We all know who got the life boats right? And we all know who got locked down below deck, right?
Hold your nose and hope for the best. There are going to be defaults and belly ups by the thousands as Paulson et al tip toe away from the wreckage.
Of course, the recipients of these bailout funds will be painted as the virtuous and most needy. The rest of the fallen, who will trickle out in a steady cavalcade of pain over the next 2 years, will be cast into the abyss as deserving something other than the Grand Duke Paulson’s magic cash wand.
The Great Bail Out will look like a garden hose spray compared to the river of worthless paper and dollars that is about to burst the dam of corruption that is our financial institutions.
To the savvy this will be a time for building some honest wealth as valuations return to the bargain basement, where consistency-stability-integrity will be rewarded.
And like the old saying goes, if you want to find any of the former “brokers” and “deal doers”, to learn what happened to all that money they made, just say “WAITER?!!?!?!??!”.
This is gonna be fun to watch.
Bear1909 out.
Beat me to it. This man should be doing the perp walk like dear Barnie, Obummer, and anybody else who looked the other way while the two FM’s did shady deals and covered up what happened with fraudulent accounting practices. Dodd and his cronies should ALL give back the FM money to the taxpayer- to who the money truly belongs now.
I’m not happy with all the pork, but the analysts on Fox made it seem as though a lot of these items were in a bill that they have been trying to pass in congress all year. Therefore it isn’t like any of this stuff is new to the Senators, and they probably already had their minds made up when they heard it was attached. I can’t say that I’m happy with this process, cause now this do nothing congress has become the procrastinating congress :/