http://www.guardian.co.uk/
All the best
Fahmida
![]() | You are viewing Log in Create a LiveJournal Account Learn more | Explore LJ: Life Entertainment Music Culture News & Politics Technology |
![]() |
| Israeli border police officers mounted on horseback stand guard near Palestinian women waiting to cross the Qalandiya checkpoint outside the West Bank city of Ramallah on their way to pray at the al-Aqsa mosque in Jerusalem, 26 September. (Rami Swidan/MaanImages) |
Tom the Dancing Bug
| |||||||||||||||||||||
By Brendan Murray
Oct. 1 (Bloomberg) -- Former U.S. Treasury Secretary Paul O'Neill said the $700 billion bank-rescue proposal under negotiation in Washington is ``crazy,'' with potentially ``awful'' consequences for the world's largest economy.
``Doesn't this seem like lunacy to you?'' said O'Neill, who was President George W. Bush's first Treasury chief, from 2001 to 2002, in a telephone interview today. ``The consequences of it are unbelievably bad in terms of public intrusion into the private sector.''
O'Neill's objections mirror those of Republicans in the House of Representatives who rejected the plan in a Sept. 29 vote. The former Treasury chief said he's lobbying for an alternative solution that would offer guarantees for troubled assets, stopping short of purchasing the debt.
--MORE--
If you reside in the U.S., make an effort to contact your Representative to try again with fax, email and phone "spam".
If one of the 12 "NAY on first vote" representatives contemplating voting YEA on the second vote reside in your state, contact him/her. Info.
The Senate-approved bill is slated for House vote October 3rd Friday morning at 9:30 AM EST.
Like Qrswave said, if this bailout act pass in House in a second attempt, "America is over, effective immediately."
--MORE--

Not only is the economy crashing, but so is part of the House of Representative's website.
The site's button -- "Write Your Representative" -- was bombarded by millions of constituents wanting to speak their mind about the stalled $700 billion Wall Street bailout.
A government official, Jeff Ventura, who runs the House.gov site, said millions of clicks on the feature might bring down the entire site.
--MORE--
NO to the bailout!
Not Another Rip-off! Put People's Needs Over Wall Street Greed!
Demonstration at Initiated by VoteNoBailout.org | ![]() |
Related
Financial "crisis" triggering 'herd mentality,' scientists say
Contact your Senators via the Capitol Switchboard (202-224-3121) or find their local contact information, and ask them to kill the "bailout bill"
There isn't time for emails, so please pick up the phone and call your Senators' offices. This must not be a partisan issue.

House Speaker Nancy Pelosi and Financial Services Committee Chairman Barney Frank are the biggest cheerleaders for a Republican administration sponsored $700 billion giveaway. Both have caved in to administration whims so disgusting that most Republicans will not vote for this bill.
Please consider the New York Times article, Bailout Plan in Hand, House Braces for Tough Vote
The House braced for a difficult vote set for Monday on a $700 billion rescue of the financial industry after a weekend of tense negotiations produced a plan that Congressional leaders portrayed as greatly strengthened by new taxpayer safeguards.
--MORE--