Barney Frank Talks About The Bailout Vote

This is pretty funny. After the Bailout plan failed to pass today the Republican's claimed that they let it fail because of apparently mean things that Pelosi and a few other Dems had said. Here's Barney Frank with a pretty good take on that:


I really don't know what happened with the Bailout bill today. Or the vast amount of manuevering going on in the background. Like most I'm only seeing the surface. I'm pretty sure that dubya lost big today. For real. I think he wanted this bad. His final gutting of the US Treasury. Of course he's still going to get it, but just not as completely as he and "Crony,Inc" wanted.

The Democrats?
I don't know what's going on there. Are they selling out the US Treasury? Are they playing the Republicans, or are they being played? Like a HUGE majority of Americans I want something to be done, but only what has to be done - and with a taxpayer payback and maybe even a taxpayer profit. Not another giant, free, taxpayer trough for fatcats.
This whole bailout episode has been a strange trip from the beginning. I'm a Liberal's Liberal, and I didn't like the smell of this whole bailout deal one little bit from day one. As this has dragged on it seemed like the only politicians who agreed with me were rightwing Republicans, WTF!? Hell, Jim Bunning was agreeing with me for god's sake!
Every time I'd see a tv News report on the massive effort to get it passed it would be Pelosi and the rest of "my" Democratic Party out front and center, again WTF!? Strange, strange, strange...I can't decide(and will never know) what was going on behind the scenes of this little tempest.
John McCain got played but who else?
Maybe now they'll go back and come up with something that doesn't throw away the middle class and the US Treasury(what's left of it) to the robber barons. Good luck with that.

Those who got it right:
“This bill did not adequately protect taxpayers in Kentucky and across the nation. It is not the taxpayer’s responsibility to pay for mistakes made on Wall Street. While the legislation that was considered in the House today was an improvement over the unacceptable three-page proposal offered by Secretary Paulson, it still would have given the Treasury Department unprecedented authority to intervene in the private markets."
-Rep. Geoff Davis(R-Ky)
“The case was not proved that there was sufficient need for this drastic a measure. It was not proved that this plan was the proper antidote, the thing was couched in the terms that it was a bailout of Wall Street fat cats. And I can assure you that there’s no enthusiasm for bailing out Wall Street fat cats.”
-Rep. Ben Chandler(D-Ky)
“We were giving unprecedented power to one person, the Secretary of the Treasury. We have no way to intervene in what he did unless it was proved unconstitutional, we were creating an economic czar, someone who comes out of the same segment of the economy that created what we’re dealing with.”
-Rep. John Yarmuth(D-Ky)

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