Senate preparing for all-night filibuster (user search)
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  Senate preparing for all-night filibuster (search mode)
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Author Topic: Senate preparing for all-night filibuster  (Read 1548 times)
Marokai Backbeat
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Posts: 17,477
United States


Political Matrix
E: -7.42, S: -7.39

« on: April 28, 2010, 02:53:33 PM »

People can argue over wether or not this bill will actually do anything to resolve the issue connectivity within our financial system, but republicans/conservatives are just simply saying that nothing should get done!

That's not what Senate Republicans are saying.  They're saying, among other things, that the bill shouldn't be used to create permanent government bailout resolution authority.

That is not in the bill. There is no 'permanent bailout' at all. This is nonsense and has been roundly debunked. Do you serve any purpose on this site than repeating the minority leader's newsletters?
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Marokai Backbeat
Marokai Blue
Atlas Icon
*****
Posts: 17,477
United States


Political Matrix
E: -7.42, S: -7.39

« Reply #1 on: April 28, 2010, 03:10:18 PM »

People can argue over wether or not this bill will actually do anything to resolve the issue connectivity within our financial system, but republicans/conservatives are just simply saying that nothing should get done!

That's not what Senate Republicans are saying.  They're saying, among other things, that the bill shouldn't be used to create permanent government bailout resolution authority.

That is not in the bill. There is no 'permanent bailout' at all. This is nonsense and has been roundly debunked. Do you serve any purpose on this site than repeating the minority leader's newsletters?

Do you serve any purpose on this site other than to parrot left-wing talking points claiming things have been debunked because the left-wing media and blogosphere claim it to be so?

Fact: The bill creates a $50 billion fund for the FDIC to use to prop up "too-big-to-fail" entities while it tries to resolve their debts.  It's a benefit for the large banks that smaller banks don't get that may increase the amount of systemic risk in the system, instead of decreasing it as claimed.

Fact: That $50 billion reserve fund that is to be used in troubled times is paid for by contributions from financial firms, not from taxpayers, and it's specific aim is to shut down firms that are in trouble, there are no taxpayer bailouts. That is a lie. A lie you happily repeat.

Of course, I don't expect you to believe that left wing biased website politifact.
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