September 29, 2008

NOW THAT WOULD BE BEAUTIFUL:

The End of the U.S. Financial System as We Know It? (Larry Kudlow, 9/29/08, NRO: The Corner)

A number of Republican House members and staff, along with others who are plugged in, are telling me that Nancy Pelosi and the Democrats will come back with a new bill that includes all the left-wing stuff that was scrubbed from the bill that was defeated today in the House.

As this scenario goes, the House Democrats need 218 votes, and they have to pick up a number of black and Hispanic House members who jumped ship because the Wall Street provisions, in their view, were too benign. So things like the bankruptcy judges setting mortgage terms and rates, the ACORN slush-fund spending, the union proxy for corporate boards, stricter limits on executive compensation, and much larger equity ownership of selling banks through warrants will all find itself back in the new bill.


Watching the Rightwing kooks try to come try terms with their having forced Democrats to give 20% of the federal budget to ACORN (or whatever delusion they're laboring under) would be worth the price of admission.

Posted by Orrin Judd at September 29, 2008 2:51 PM
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