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McCain: Allow Treasury to Buy Worthless House Seats

by Scott Ott · 9 Comments

(2008-09-30) — Sen. John McCain said he would introduce a revised version of the failed $700 billion financial-sector bailout bill in the Senate this week expanding the powers of the Treasury Secretary by allowing him to buy up not only junk mortgage securities, but also worthless seats in the House and Senate.

“The real crisis we [...]

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Tags: Business · Politics · U.S. News

Bailout Fails, Mandatory Sunrise Bill Falters

by Scott Ott · 20 Comments

(2008-09-29) — Just minutes after the Bush administration’s $700 billion financial-sector takeover went down to defeat in the House today, Congressional Democrats introduced a bill that would mandate a 6:02 a.m. (EST) sunrise for Tuesday.
“The sun will come out tomorrow,” said House Speaker Nancy Pelosi, D-CA, “but only if Congress takes action now to [...]

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Tags: Uncategorized