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Staffers' Blackberries Confiscated as the Tough Negotiations Begin at Congress

September 27, 2008 5:30 PM

Staffers for the principal negotiators of the Wall Street bailout bill were asked to turn over their BlackBerries Saturday afternoon so as to prevent leaks, as members of Congress and the Bush administration rolled up their sleeves to try to hammer out a compromise bill.

Bbs_2The BlackBerries, with Post-It notes identifying their owners, vibrated away in a small trash can, and later were spread out on a table for later retrieval, as their owners tried to help their bosses resolve the legislative logjam in one of House Speaker Nancy Pelosi's offices on the second floor of the U.S. Capitol building.

House Republicans, who had not been meaningfully involved in the process until Thursday, when they announced they would not vote for the compromise bill first proposed by Treasury Secretary Henry Paulson, sent a high-ranking member of their leadership, Minority Whip Roy Blunt, R-Mo., who arrived to the negotiations carrying a tall cup of coffee.

House Speaker Nancy Pelosi, D-Calif., projected confidence before the meeting, saying, "It would be my hope that this could be resolved today, that we had a day for the American people and members of Congress to review the legislation on the Internet, that we could bring something to the floor possibly Sunday night or Monday morning."

House Ways and Means chairman Charlie Rangel, D-N.Y., currently the subject of an Ethics Committee investigation into whether he skirted taxes, made a surprise showing, joining Blunt, House Financial Services Committee chairman Barney Frank, D-Mass., Senate Banking Committee chairman Chris Dodd, D-Conn., and the ranking Republican on the Senate Budget Committee, Judd Gregg, R-N.H.

Republicans, who had wanted a five-person meeting with Blunt, Frank, Gregg, Dodd and Paulson, also saw the table fill with other Democrats inserting themselves into the process, including House Caucus chair Rahm Emanuel, D-Ill., Sen. Chuck Schumer, D-N.Y., Sen. Kent Conrad, D-N.D., Sen. Max Baucus, D-Mont., and Sen. Jack Reed, D-R.I.

House Republicans have been pushing for the U.S. government to provide insurance for the troubled assets threatening so many financial firms, as an alternative to the U.S. government purchasing them. But today the GOPers also started hammering away on other provisions in the bill.

Rep. Adam Putnam, R-Fla., said his GOP colleagues want to make sure the bill "results in effective intervention, that impacts not only Manhattan island but all of Main Street communities across this country. We want to make sure not only is it effective for the taxpayer but it is a clean bill that does not have special interest demands attached to it, simply because it appears to be the last train leaving the Congress for this month.”

September 27, 2008 | Permalink | Share | User Comments (185)

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Another find mess brought to us by the Government. If we had a truly free market, with truly free banking irrational, unwieldy loans would be given out much less often and the system would not crash. Indeed, with a free market the wealth and prosperity of Americans would increase dramatically. Freedom works. Freedom means eliminating all regulations. I blame the democrats most, but both parties deserve blame here.

Posted by: John Alway | Sep 30, 2008 12:19:24 AM

Why are we looking to the idiots in Congress who got us into this mess in the hopes they can 'save us'? When they had the chance to do something in 2004, they were too busy protecting their friends at Fannie and Freddie.

Posted by: sailingon | Sep 28, 2008 6:57:02 PM

Many economists have written to the political elitists in Washington to tell them this bailout will not work no matter how you slice and dice the thing!

Why won't it work because the 2 trillion in bailout money is only 4% of the ponzi schemes minimum amount that has been siphoned off the top. The derivatives market is at least a 50 trillion dollar loss waiting to unfold.

Next year after Bush leaves office the
Bank for International Settlements will audit the Federal Reserve even congress cannot audit this elitist private bank.

Remember the first bailouts and other big spending by the Federal Reserve; they had only somewhere around
800 billion at the beginning and could be downgraded to junk or be declared insolvent. That is the reason for the unlimited and unconstitutional call for the original draft of the bailout without strings so the Elitists (Nancy Pelosi, Paulson and friends) could retrieve their money losses without Enron criminalizing of the situation.

Why are the Democrats so willing to risk
being defeated in this election with a total defiance of the American Public that like congresses disapproval ratings disapprove of this bill?

"I don't make jokes, I just watch the government and report the facts." (Will Rogers)
Cheers, rfm

Posted by: Ronald Murphy | Sep 28, 2008 6:36:32 PM


Do Not Pass This Bailout Bill! I don't know how much clearer the majority of Americans can be! There must be something D.C. is not telling the American people that makes this so dire.

You are only putting off the inevitable by signing this bill. Until the behavior of the materialistic greedy people that got us into this mess changes this will only prolong their behavior or worse validate it.

You must take a strong stand and not passthis bill!
Wait, wait, wait, and see that this will be tough but not lethal.

Posted by: OMG Dontdoit | Sep 28, 2008 6:03:53 PM

Yahoo or Google "Bailout Obama ACORN" to get all the details about Obama relastionship with ACORN and how ACORN will receive most of the taxpayer profit from the bailout plan.

Posted by: Sally297 | Sep 28, 2008 6:02:46 PM

We may not like what McCain did last week but it allows us a peek to the ACORN/Obama deal. So this is way Obama did not want to go Washington. If the frist bailout deal had passed, I can heard Obama now, I did not know anything about it.

Posted by: linda | Sep 28, 2008 5:59:22 PM

If it was not for McCain going to DC, we would not have known anything about OBAMA'S PARTNER ACORN RECEIVENG 20% OF THE TAXPAYER PROFIT FROM THE FIRST BAILOUT BILL. The democratic party was trying to push the first bailout without us looking. They were exposed by McCain.

Posted by: linda | Sep 28, 2008 5:57:02 PM

i'll keep it civil. since it is plain that this is a forum for upset Hillery followers, that the GOP does not have the well being of the "little people" the 90% of Americans who work, pay taxes, and live day to day. here in Georgia, a GOP state, our Governor Sonny Purdue is in Europe and THERE IS NO GAS IN THE METRO ATLANTA AREA! our gas pumps are covered with plastic bags, and when you do find a gas with fuel there is a 45 min to one hour wait in a line to get no more than $20.00 of gas at a time. if you can honestly tell me you're doing better now than you were eight years ago, then yeah vote for McCain. but if you're like most people I know, and i work for an engineering firm here in Atlanta,then i know how i'll be voting in November.

Posted by: djt | Sep 28, 2008 5:01:57 PM

Your congress is about to spend 700 billion of your money and didn't even ask you if it was okay....just locked you out by going into a secret meeting? Democrat's and Republican's! We all know they have our best interest in mind!

Ask yourself? Am I stupid?

Posted by: kennedy | Sep 28, 2008 12:33:03 PM

"We all know BHO was Fannie and Freddie's biggest cheerleader. Even his supporters know it, they are just to enthralled with the Chosen One to admit this."
-----
I'm thinking nobody could possibly be "enthralled" with The CHANGEling by now, and that what his "supporters" are, is intimidated.

The flip side of the Fannie Mae mortgages is that they LURED poor people to sign up for paper on which they were bound to default. Nobody mentions this end of it, just as no one mentions that the only time Obama's talked to the underclass, it was to lecture 'em, Bill Cosby style, on their reproductive culture.

Posted by: Belle Starr | Sep 28, 2008 12:13:53 PM

Belle Starr

We all know BHO was Fannie and Freddie's biggest cheerleader. Even his supporters know it, they are just to enthralled with the Chosen One to admit this.

I have to say that I like the way these boards are full of McCain supporters now. A few months ago it was all BHO all the time, kinda like MSNBC, CNN, CBS, and (I'll probably get censored for this) ABC. I wonder when McCain/Palin will get a softball interview outside of Fox News? BHO should be on the record enough on he issues of 1. how he is feeling, and 2. how much he loves his family. I'd like some tough questions, outside of Fox mind you, about Ayers, ACORN, his spiritual mentor choice, his $100,000 taxpayer funded, plywood gazebo, etc...

With McCain the media asks real, presidential questions.

With Obama the media asks generalities.

Posted by: no obama 08 | Sep 28, 2008 11:55:38 AM

"Try to find out who the biggest beneficiaries (big word, sorry) of Fannie and Freddie are/were."
-----
That'd be Obama, right? AND, of course, Senator Dodd.

MOST of the money in presidential elections -- and most of the "media" coverage -- is from corporations.

Add to this the uncertainty deliberately introduced into COUNTING the votes in the election by the requirement to use corporate computing equipment, and ...

Posted by: Belle Starr | Sep 28, 2008 11:41:04 AM

Obama aided ACORN as their lead attorney in a successful suit he brought against the Illinois state government to implement the Motor Voter law there. The law had been resisted by Republican Governor Jim Edgars, who feared the law was an opening to widespread vote fraud.

His fears were warranted as the Motor Voter law has since been cited as a major opportunity for vote fraud, especially for illegal immigrants, even terrorists. According to the Wall Street Journal: "After 9/11, the Justice Department found that eight of the 19 hijackers were registered to vote..."

Posted by: Yellow Journalism | Sep 28, 2008 11:37:58 AM

It isn't/wasn't Conservatives.

Posted by: no obama 08 | Sep 28, 2008 11:36:06 AM

On voting rights, ACORN and its voter mobilization subsidiary, Project Vote, have been involved nationwide in efforts to grant felons the vote and lobbied heavily for the Motor Voter Act of 1993, a law allowing people to register at motor vehicle departments, schools, libraries and other public places. That law had been sought by Cloward and Piven since the early1980s and they were present, standing behind President Clinton at the signing ceremony.

ACORN's voter rights tactics follow the Cloward-Piven Strategy:

* 1. Register as many Democrat voters as possible, legal or otherwise and help them vote, multiple times if possible.
* 2. Overwhelm the system with fraudulent registrations using multiple entries of the same name, names of deceased, random names from the phone book, even contrived names.
* 3. Make the system difficult to police by lobbying for minimal identification standards.


In this effort, ACORN sets up registration sites all over the country and has been frequently cited for turning in fraudulent registrations, as well as destroying republican applications. In the 2004-2006 election cycles alone, ACORN was accused of widespread voter fraud in 12 states. It may have swung the election for one state governor.

Posted by: Yellow Journalism | Sep 28, 2008 11:32:35 AM

"If Obama wins ... He will finally get the vetting he deserves.

And guess who will turn on him first?
The MSM that got him elected."
-----
The CHANGEling's actions in Missouri -- using "off duty" law enforcement to discourage His critics -- demonstrate why this would NOT be likely.

Posted by: Belle Starr | Sep 28, 2008 11:29:51 AM

How dare the house and senate conservative republicans hold up assistance to the main street taxpayers with their stalling tactics on shaping a bailout. Once again they don't take responsibilty for their own actions or lack therof.

Are they concerned this will dry up the largesse of lobbyist and special interest money they so depend on?

Posted by: Betty Ava | Sep 28, 2008 11:22:57 AM

After a few years with Obama, Reid, Dodd, and Pelosi in control--people will be begging for Hillary or maybe even the Republicans.

Posted by: sam | Sep 28, 2008 11:20:50 AM

If Obama wins all eyes will be on him.

Those who supported him will no longer be able to ignore the truth.

He will finally get the vetting he deserves.

And guess who will turn on him first?
The MSM that got him elected.

Posted by: riley | Sep 28, 2008 11:18:49 AM

If Obama wins he will be lucky to get through one year in office without getting impeached.

He has given millions in earmarks to those who helped his campaign, he has wasted millions and millions on projects that either failed or never even started.

The Attorney General in Chicago is investigating a $100,000 plywood Gazebo that BO funded--money went other places.

So Hillary may get to run in 2012 afterall.

Posted by: cindy in nc | Sep 28, 2008 11:13:53 AM

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