Is it on the 24th? Or the 25th?

They are now scared it won’t pass, but go into conference committee to reconcile. At least, that is what I am hearing.

Vashta.Nerada on October 2, 2008 at 2:19 PM

Now wait….
I thought I read, heard something that since the senate…uhhmmm ….wait, since the original bill came out of the house, was amended by the senate, and sent back to the house, that the house can’t change anything but only accept or reject the bill.

How does it get into conference?

Since this senate version has tax stuff in it, the bill has to originate in the house, the ‘trick’ was the senate took a pending house bill, deleted everything, then amended it with this bail out crap, and sends it back to the house.

This was a house bill the senate was voting on.

If the thing goes to conference committee, why is the house voting on it?

This whole thing looks ….uh…..like…bovine biomass.

“I want to roll the dice”

Barney Frank is the first one who should be taken outside and shot dead on the capital steps!

Rep. Frank: Let me ask [George] Gould and [Franklin] Raines on behalf of Freddie Mac and Fannie Mae, do you feel that over the past years you have been substantially under-regulated?

Mr. Raines?

Mr. Raines: No, sir.

Mr. Frank: Mr. Gould?

Mr. Gould: No, sir. . . .

Mr. Frank: OK. Then I am not entirely sure why we are here. . . .

The experts on the hill have to know what will pass and what won’t.

rockhauler on October 2, 2008 at 2:13 PM

They are now scared it won’t pass, but go into conference committee to reconcile. At least, that is what I am hearing.

If they don’t change the text, I don’t know that they can pass it. I guess we’ll see who can be goaded into changing their votes.

Vashta.Nerada on October 2, 2008 at 2:07 PM

I wondered about that. Is this another one of those ‘we really want to pass this, but. .’ thingys? Another chance for the democrats to set everyone up, and then not pass the thing?

The experts on the hill have to know what will pass and what won’t.

So now the adults have written the bill and the children cannot do anything but vote yes or no, because that’s all they are capable of doing.

rockmom on October 2, 2008 at 2:04 PM

If they don’t change the text, I don’t know that they can pass it. I guess we’ll see who can be goaded into changing their votes.

The ACORN stuff is really awful and scary. It seems to be a fund that tax payers pay into involuntarily to keep the criminals among the Democrats in charge of our government. How can something like that not be illegal.

petunia on October 2, 2008 at 1:39 PM

When you write the laws, you can be very nuanced on what is and what is not legal.

I’d bet it will make it into the final bill (but neither of us can afford to pay off the bet).

Vashta.Nerada on October 2, 2008 at 1:51 PM

Nah, it’s dead. The House can’t amend the bill that passed the Senate or it has to go back to the Senate for another vote. What happened here was that the adults (Senate) took this thing over because the children (House) could not get it done. So now the adults have written the bill and the children cannot do anything but vote yes or no, because that’s all they are capable of doing.

When we do the autopsy of McCain’s campaign after election day we’ll discover that it’s been dead a long time. The cause of death will be non-partisanship…an always fatal disease.

That’s why they tried to get it into the bailout bill.

rockmom on October 2, 2008 at 1:46 PM

I’d bet it will make it into the final bill (but neither of us can afford to pay off the bet).

The ACORN stuff is really awful and scary. It seems to be a fund that tax payers pay into involuntarily to keep the criminals among the Democrats in charge of our government. How can something like that not be illegal.

petunia on October 2, 2008 at 1:39 PM

It’s moot now because Fannie and Freddie are now owned by the government, but this legislation for the first time forced a private corporation to fork over a predetermined amount of its profits for a public purpose. Republicans argued that it was unconstitutional, but Democrats came back and said these are government chartered companies and we can make them do and fund whatever we want. They are really pissed now that the government can refuse to fund this slush fund. That’s why they tried to get it into the bailout bill.

McCain should (but apparently won’t) be emphasizing that Frank’s district and Dodd’s state will never vote them out. So, other too many other points to be made, a vote for McCain is a vote against this nonsense. There’s enormous anger that McCain is not tapping into. It’s his political Anwar.

BuckeyeSam on October 2, 2008 at 1:38 PM

I am frankly amazed at the lack of will to point fingers. I know it is the typical thing Republicans do they can’t stand to be mean and judgemental. But until they start to be more forceful they will continue to take the blame for things largely done by Democrats. It is a weakness that has to end.

The bill that finally passed via Barney Frank in 2007 was a much weaker version of this bill, and added a 5% ACORN slush fund which Republicans opposed. And even that bill was only passed this summer because the White House threatened to veto the housing foreclosure bill unless it was added.

Democrats have all the blood on their hands here. But much of it belongs to Paul Sarbanes. Why he has not even been interviewed by any news outlet is a complete mystery to me.

rockmom on October 2, 2008 at 12:50 PM

The ACORN stuff is really awful and scary. It seems to be a fund that tax payers pay into involuntarily to keep the criminals among the Democrats in charge of our government. How can something like that not be illegal.

Michael Graham has been all over this in the Boston Herald. Jeff Jacoby even had a column on it in the Globe. I guess the people in Frank’s district just have their fingers in their ears, singing la-la-la-la. They have the information.

The Hartford Courant had a blistering editorial earlier this week

rockmom on October 2, 2008 at 1:34 PM

My compliments, again, rockmom. McCain should (but apparently won’t) be emphasizing that Frank’s district and Dodd’s state will never vote them out. So, other too many other points to be made, a vote for McCain is a vote against this nonsense. There’s enormous anger that McCain is not tapping into. It’s his political Anwar.