Deal or No Deal? Boehner Says ‘No Deal’

This is exactly what McCain told the press yesterday, that it was his understanding a consensus had not been reached.

That is also why Harry Reid originally wanted McCain back there, to help bring the Republicans into the fold, or else to work on a compromise, THEN, when he realized what McCain was going to do, and how it might affect Obama, all of a sudden Reid decided McCain was not needed.

McCain is doing what he believes is the right thing to do, and he will either live by the sword or die by the sword.

But at least he is doing what he believes is right, and that is none of OUR decision to make for him.

There you go the Republicans have just politicized this issue.

McCain suspends the Campaign and flies into save the day and straighten out the mess caused by the Republicans and Bush calls in Obama to be there too.

MY, MY, MY, Country first and all that.

This whole Bail out thing is one big joke.

Suck on this you Obama Nuts.

McCain’s statement from the Congressional Record.

Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.

The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.

The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.

For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

I urge my colleagues to support swift action on this GSE reform legislation.

I’d say this pretty clearly refutes Barack Obama’s silly claims that John McCain is not a reformer and does not know anything about economics. One candidate is the real reformer, and it ain’t Barack Obama. By the way, the Democrats blocked the legislation McCain proposed, and it was never passed. So if you want to know why Fannie Mae and Freddie Mac failed, leaving the taxpayers with billions of dollars in losses, blame the Congressional Democrats.

Try and Spin this Please!!

Thank McCain for this failure. Now the house republicans are working to cover his behind.

Why is the Press Secretary, saying McCain called the President, after talking to Obama, yet McCain said he talked to Obama, just before making his, 'Stall the Debate Speech'? Who is lying now? McCain or the Press Secretary? Is this turning into a Republican Circus? Is Bush hoping McBush will wear his pants?

America needs to go through both videos again.

Press Secretary Speech 11:39 am Today.
McCains 'Stall' speech yesterday.

I still want to know if McCain will do as Bush asks, and help Middle America? Or will he give in, to the Republicans, and continue to tank, Middle America? Either way, he becomes a 'Mission Accomplished' Bush. Or a Capitolist Bleeder. Either way McCain did say, As of this morning,I will not be campaigning...', during his campaign speech. McMulti-Face, once again, confusses America with Double Talk speech. Is he now taking on Obamas Platform, of helping Middle America? Or will he continue to help only 5% of Capitolists? Will Black Gold continue lining his pockets? Will Rick Davis watch the Debate from prison? McCains 'Hail Mary Pass' was intercepted by Obama. Question now is, can Obama score a touchdown, or will McFumble make a tackle?
Come on Bush, Make McCain help Middle America. I want to hear 'Mission Accomplished, this week.

Still vote 'No', to McWhere is Palin?

I think the first thing that needs to be addressed in this $700B "corporate welfare plan" is to specify that if a company is to bailed out, the CEO and the entire top management is to be immediately fired (with NO golden parachute)and their bank accounts and assets seized by the Government. After all, these top level managers are ultimately responsible for the operation of their company. Running their company into the ground should not be rewarded. Using these seized assets will take a very large bite out of the cost the taxpayers are being asked to suck up. Limiting their compesation to $400,000 and allowing them to remain should not even be an option!

I hope this example of political pandering by McCain gets the scorn it deserves. What kind of arrogant fool thinks he and only he can save America? I believe his great "patriotism" is more motivated by falling poll numbers than any REAL concern he has for the economy. This is political grandstanding, plain and simple

Dee Dee Lynn, the Dems didn't try to add CC debt. Its was part of the original bill. The debt that the Gov't will be mandated to buy are CDOs (collateralized Debt Obligations) which have all kinds of crap thrown in them from subprime mtgs, to car loans, to construction loans, etc. The subprime issue was TOTALLY manageable until Wall Street through the deregulation of the Gramm Leach act enabled them to create dirivative products from the subprime (CDOs) which increased their toxicity 100X.

Looks like the Republicans are playing politics with this BIG TIME. They are trying to give McCain grounds to duck the debates and give force to his story that he has put politics aside. I really hope they don't think we are ALL dumb enough to fall for it (though doubtless their base will swallow it).

All the greed wasn't on Wall Street - it started on Main Street with people who took out loans they couldn't afford or thought they'd make a killing in the soaring real estate market. I don't feel sorry for any of them. They're dragging the responsible consumers down with them. And what's with the Dems wanting to add credit card debt to the bailout? Wow; that sure sends a message of personal responsibility. Oh I forgot, those are dirty words to the Dems.

Take a look at the list of who benefitted most from Fannie/Freddie and Lehman Brothers. Obama is #2 on both lists - and has only been in the Senate for 3 years. No wonder he wants to stay out this!

If only the John McCain campaign would come back to Washington and save us all! I know they can fix everything, anything and other things. They're gonna shake it up and mavericize it.

On second thought, he's probably busy with childish theatrics.

Quick, send in Sen. McCain to save the day. He boned up on the economy since making his repeated statements that he doesn't know much about it and his grandstanding can only help.

And no his actions are not erratic or desperate.

It looks like the repubs are dragging their feet to find a way for Mccain to skip the debate. A huge dose of politics as usual, while the country goes to hell. They talk about putting country before partisan politics but then they do the opposite. Kick them out for good! ENOUGH!!!!!

As an American, I can now understand why Capitolism has caused this counrty, to fall flat on its face. Greed. The Black Gold Tycoons, still want the stall tactic, that will continue to drive the 'Value' of American lives. The take your money from the 'pump', as well as the Energy companies, and Morgage groups owned by them. Why has this country tanked, in front of the World? O'Reilly has said it best, 'I'm Greedy. Capitolism is good'.
Well, Middle America prefers Democracy, instead. Even after Rick Davis, who continued, well into August of this year, has collected Millions of dollars from Fannie Mae, for the McCain campaign. How has McCain been able to tell the Senate that fannie was in trouble, while still recieving its funds? He may never answer Middle Americas top question. But, I would bet he calls it guilt by association.

The Republicans are opposing the Democratic bill because it will contain punative measures against the CEOs who got us into this mess.

What needs to happen is that these wealthy crooks need to have their homes, their pensions and their assets stripped from them, up to the point of what the average American would be able to retain in a bankruptcy.

They need to feel what real Americans feel.

Then, their assets need to be sold and used to finance the bailout.

Smells like us taxpayers don't get a piece of the action.