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McCain: Bailout Deal Hinges on Length of Perp Walks

by Scott Ott for ScrappleFace · 11 Comments · · Print This Story Print This Story

(2008-09-28) — Sen. John McCain said reluctant Republicans would sign on to a $700 billion federal bailout of “Big Finance”, as soon as Democrats agree “to require criminally-negligent Wall Street CEOs and their enablers in Congress to perform a videotaped and broadcast perp walk, of not less than 10 yards per million dollars squandered.”

The 11th-hour negotiations were said to focus on whether Sen. McCain would concede to Democrat demands for “handcuffs and business suits”, or if he would stubbornly stick with his original proposal to require full shackles and fluorescent orange jumpsuits as the perpetrators walk to court to face federal fraud and racketeering charges.

“Of course, we all have a sense of urgency about this deal,” said Sen. McCain, “Because, once the perp walks start, there’s no telling how long Congress will be able to assemble a quorum.”

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11 responses so far ↓

  • 1 camojack // Sep 28, 2008 at 11:06 pm

    It seems (to me, anyway) as though there ought to be a lot of those “perp walks” in Congress…

  • 2 mindknumbed kid // Sep 28, 2008 at 11:41 pm

    Could I have a million dollars to squander? I may not be too good at it as I would invest in precious metals. Then again, with my track record gold prices would probably plummet…

  • 3 MajorDomo // Sep 29, 2008 at 12:46 am

    Scott, I don’t see the point of McCain concessions. What did I miss?

  • 4 MajorDomo // Sep 29, 2008 at 12:50 am

    I sure would like to see Christopher Dodd first in the chorus line out the door!

  • 5 Shelly // Sep 29, 2008 at 6:20 am

    Watch this:

    http://www.youtube.com/watch?v=_MGT_cSi7Rs&eu...

    The RNC should make this a national ad. And include something about Obama pretending that he's phoning it in, and that that's leadership.

  • 6 JamesonLewis3rd // Sep 29, 2008 at 7:59 am

    Query:

    Since BO’s Kenyan citizenship was allowed (by Kenya) to “expire” on Aug. 4, 1982 does that make him a citizen of the USA?

  • 7 Hawkeye // Sep 29, 2008 at 8:25 am

    “once the perp walks start, there’s no telling how long Congress will be able to assemble a quorum.” Scott’s hammer hits the nail on the head once again…

    From what I’ve seen HERE, Camo is correct that a few Dems ought to be making those perp walks. And Obama, who received over $100,000 from Fannie Mae and Freddie Mac has the gall to suggest it is all Bush’s fault.

    ARGGHHH!

  • 8 gafisher // Sep 29, 2008 at 8:46 am

    At least McCain has taken a stand in opposition to the Democrats and the President. Obama is still trying to figure out whether to call it a “bailout” or a Rezko, er, “rescue.”

  • 9 gafisher // Sep 29, 2008 at 9:00 am

    JL3, Obama’s (apparently) a “citizen,” since he was born to a citizen. The question is whether he meets the requirements of Article II, Section 1 of the Constitution:

    “No person except a natural born citizen, or a citizen of the United States, at the time of the adoption of this Constitution, shall be eligible to the office of President …”

    Unless this is parsed by the courts to exclude those born e.g. by Caesarean, Sen. Obama’s credentials are questionable.

  • 10 Darthmeister // Sep 29, 2008 at 9:13 am

    What Obamessiah really did as a “community organizer” including his ties with radical voter fraud ridden ACORN and Madeline Talbott.

    By September 1992, The Chicago Tribune was describing Talbott’s program as “affirmative-action lending” and ACORN was issuing fact sheets bragging about relaxations of credit standards that it had won on behalf of minorities.

    And Talbott continued her effort to, as she put it, drag banks “kicking and screaming” into high-risk loans. A September 1993 story in The Chicago Sun-Times presents her as the leader of an initiative in which five area financial institutions (including two of her former targets, now plainly cowed - Bell Federal Savings and Avondale Federal Savings) were “participating in a $55 million national pilot program with affordable-housing group ACORN to make mortgages for low- and moderate-income people with troubled credit histories.”

    What made this program different from others, the paper added, was the participation of Fannie Mae - which had agreed to buy up the loans. “If this pilot program works,” crowed Talbott, “it will send a message to the lending community that it’s OK to make these kind of loans.”

    Well, the pilot program “worked,” and Fannie Mae’s message that risky loans to minorities were “OK” was sent. The rest is financial-meltdown history.

    IT would be tough to find an “on the ground” community organizer more closely tied to the subprime-mortgage fiasco than Madeline Talbott. And no one has been more supportive of Madeline Talbott than Barack Obama.

    If the Obamatons can regale us about Dick Cheney’s former and quite legal association with Halliburton, then it’s only fair for Obama to give an accounting for chumming it up with whackjobs like Talbott, Weathermen Bill Ayers, and ACORN.

  • 11 Shelly // Sep 29, 2008 at 9:35 am

    If only….

    Let’s face it, when a Democrat congressman can have an illegal brothel in his home and not be held accountable by anyone, or repeatedly cheat on his taxes or take bribes while being taped by the FBI with no consequences, there is no expectation for morals on that side of the aisle.
    They’re even allowed to slander innocent troops.

    Blame Bush? That’s original. How often have you heard the phrase “Presidential oversight?” Democrats took control of Congress and gas prices and banking institutions have suffered severely. The media and Congress have both stopped doing their jobs, and sadly expect the country to reward them for it. Until more people wake up to this truth they may get their wish.

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