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View Diary: No 700 billion - 150 billion now then examine (14 comments)

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  •  I like Schuymer's plan (2+ / 0-)
    Recommended by:
    Vicky, bamalaw

    of $150 billion now and re-examine in January.

    Obama: "Because We Won... We Have to Win." 6/6/08

    by Drdemocrat on Tue Sep 23, 2008 at 10:45:30 AM PDT

    •  No. Nothing until we get a GAO report on what is (0+ / 0-)

      in those trash papers so that value can be assessed. Plus, apparently, the whole AIG deal is illegal. Bernanke and Paulson move on that is against 1913 and later Federal Law. So suggests a Bear Stearns former employee on Ed Schulz a bit ago. He also said we need to get a non-partisan report from the GAO.

    •  I thought of this as well (0+ / 0-)

      As long as ALL the money isn't needed IMMEDIATELY, just dole out $100 million now and see what works. I think it's a great idea (the the information currently available to me).

      "Statistics are people with the tears washed away." Sociologist Ruth Sidel

      by Vicky on Tue Sep 23, 2008 at 10:58:21 AM PDT

      [ Parent ]

    •  This won't work (0+ / 0-)

      Unfortunately this will not work.  90% of the instability of the markets are psychological.  Schuymer's plan doe not address this fact.  150B (which will not take care of the problem) now with no guarantee that come January more will be added, will not turn the markets around.

      I say all or nothing!   but as another diarist noted somewhere (sorry)  if this is not something close to a unanimous vote, the Repubs will use it against the Dems

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