LAist: House Rejects Bailout, How Did Your Elected Rep Vote?

jrb

Tue, 30 Sep 2008 08:00:09 -0800

Here's an interesting link that lists some of the failed financial institutions, their CEOs, and what the CEOs walked away with in the way of conpensation... http://www.newsweek.com/id/159439

buzz

Mon, 29 Sep 2008 15:20:31 -0800

and for those of us who live downtown... Roybal-Allard voted Nay.

BingosDingo

Mon, 29 Sep 2008 15:15:22 -0800

EMony: Is it also common sense to make loans that the borrower can actually repay? I've worked in mortgage loan. When I did the borrower had to prove good credit, the ability to repay and the property represent sound collateral. Making loans to people without performing the necessary due diligence is just plain STOOPID!!! And now "Hank" Paulson wants us to pay off the people who made bad deals and to hell with the people who are out the closing costs, taxes, interest, and principal payments? Making sure they can continue to pay will save Wall Street. Bailing out the people who made questionable loans just forgives (dare I say rewards) bad business decisions. Oh, and I meant to say that the Republicans who rejected this bill are a bunch of candy-assed crybaby bitches. Actually, torrmoz, the largest transfer of wealth is the 700 plus billion spent on foreign oil EVERY YEAR. We sure as hell don't keep that here.

Andy Sternberg

Mon, 29 Sep 2008 15:12:15 -0800

Quite rare to see the likes of Rohrabacher siding with Schiff, Becerra, etc, innit? Just sayin'.

db

Mon, 29 Sep 2008 15:07:38 -0800

My guy voted against it, and I can't say I'm sorry.

torrmoz

Mon, 29 Sep 2008 14:29:38 -0800

http://www.dailykos.com/storyonly/2008/9/29/163019/148/609/614670 - I'm glad this thing failed. The right and left may have had different reasons for voting this bill down, but fact is, the "consensus center" rushed into this bill with little transparency or public input deserved to die. Was this the right bill? Maybe, maybe not. but we certainly didn't have a fair debate on it. Some of you may be quick to trust your representatives in DC. I'm not willing to give them the benefit of the doubt. - On the merits, the bill fell short. The CEO compensation provision was a joke, the oversight provisions were a joke, Congress had no ability to block additional disbursement of the money without an affirmative vote (subject to filibusters), and not a dime was directed at average Americans. It was a reverse Robin Hood -- the largest transfer of wealth in our nation's history from the working class to the upper class. And transferring that wealth to healthy financial institutions and foreign ones was morally repugnant. - But there is a finance problem. Just because this solution sucked, doesn't mean that nothing should be done. So now, with a little more time, perhaps we can have an honest appraisal of the alternatives.

Emoney

Mon, 29 Sep 2008 14:29:21 -0800

I don't feel sorry for those 'little people' who are in debt UNLESS they have lost their jobs. It's common sense: don't spend money that you don't have or buy houses/cars you can't afford

BingosDingo

Mon, 29 Sep 2008 14:13:59 -0800

I'm not quite as against this as I was since there is now wording in the bill designed to help borrowers. This wasn't asked for initially which is what I bothered me. Bail out the lenders and to hell with the "little people." I'm disappointed, but not surprised, that the Republicans threw a hissy fit when Pelosi pointed out that the country was operating in the black BEFORE Boosh took office. Guess they can't handle the truth. Bitches.

BrianneG

Mon, 29 Sep 2008 14:05:55 -0800

Darn, my representative voted for it. (Maxine Waters) I wrote her about it last week so the high point from this situation is I figured out who my new representative is and how to attempt to contact her. (Recently moved to Inglewood)