Slog - Comments on Let's Talk Bailout Plans http://slog.thestranger.com/2008/09/lets_talk_bailout_plans First: What in the fuck is the McCain campaign thinking? No good can come from adding political instability on top of the financial crisis. The election should go as absolute clockwork, with every step happening on time and as planned. I'm getting more and more concerned about the health of the US Treasury's financial reputation if stunts like this continue. But McCain wants to take a break to think about how to handle the financial crisis? Fine. The more I read about this bailout fiasco, the more I dislike it. (For now, support Dodd and the congressional democrats, who are... Copyright 2008 Wed, 24 Sep 2008 14:00:45 -0800 Wed, 24 Sep 2008 23:19:43 -0800 http://www.movabletype.org/?v=3.34 http://blogs.law.harvard.edu/tech/rss Comment by Sweeney Agonistes Re. number two on your wishlist: the feds actually did boost funding for federal student loans in May -- everybody eligible for Stafford loans is getting $2000 more in unsubsidized loans per academic year than they were last year, which has helped out the students at the school where I'm a financial aid officer in huge, huge numbers. The same bill (H.R. 5715) also got everybody eligible for the Pell grant $500 more per year than the Department of Ed had budgeted for.

I'd maybe edit your wishlist a little on this one -- start targeting private student loans from lenders like Sallie Mae, AES, and Wells Fargo for payoff, expand Pell and Perkins eligibility, and increase subsidized Stafford funding, if you really want to help out students.

]]> Sweeney Agonistes http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149523 http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149523 2008 Wed, 24 Sep 2008 14:12:53 -0800 Comment by Bellevue Ave Smartest yet most out of reach.

Further, the second that a swedish model plan is rolled out, i'm buying as much SKF as possible. Crashing the prices of financial equities is going to make mint.

]]> Bellevue Ave http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149526 http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149526 2008 Wed, 24 Sep 2008 14:14:31 -0800 Comment by K McCain is thinking if he had a little more free time, he could cook up another Chewbacca moment like Palin and score a late October bounce.

]]> K http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149529 http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149529 2008 Wed, 24 Sep 2008 14:17:40 -0800 Comment by Trevor Writing to your elected official is ok. I think your socialist agenda might require a bit more than that, though.

]]> Trevor http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149545 http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149545 2008 Wed, 24 Sep 2008 14:25:47 -0800 Comment by Mike of Renton After sitting through a boring as hell benefits meeting yesterday, I'm all for nationalizing health care.

]]> Mike of Renton http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149552 http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149552 2008 Wed, 24 Sep 2008 14:27:29 -0800 Comment by Redhooker I'm with my man Barack: cut taxes for the middle class.

Oh yeah, and locally don't vote to impose taxes on the middle class (all three measures on the ballot this November should be rejected).

Be like Barack!

]]> Redhooker http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149558 http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149558 2008 Wed, 24 Sep 2008 14:31:01 -0800 Comment by Gitai Equity! I want some fucking equity! If you participate, I want warrants issued that would allow for the purchase of 5% of all authorized shares at 50% of the 52 week low price on the day the bill passes, with the right to exercise them beginning in two years, no expiration for at least ten years. It imposes some pain by being pleasantly dilutive, gives us some stake in the companies, and if the whole thing works, in two years, we might actually turn a profit.

]]> Gitai http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149641 http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149641 2008 Wed, 24 Sep 2008 15:21:29 -0800 Comment by Jonathan Golob Gitai--

I'm with you. Of the plans swirling around Washington, which do you think does the best job of achieving that?

]]> Jonathan Golob http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149655 http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149655 2008 Wed, 24 Sep 2008 15:26:33 -0800 Comment by Jeremy Thanks for bringing up Glass-Steagle--I read that in the NY Times a couple days ago, and the assumption seemed to be that since the last investment banks would merge with commercial banks, that was somehow better. What? Is it any surprise that less than a decade since we deregulated the banking industry that it collapses?

]]> Jeremy http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149751 http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1149751 2008 Wed, 24 Sep 2008 16:15:08 -0800 Comment by Will in Seattle Why does nobody mention that President Obama will REDUCE TAXES for 95 PERCENT of all Americans, while President McCain would RAISE TAXES for 95 PERCENT of all Americans?

]]> Will in Seattle http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1150035 http://slog.thestranger.com/2008/09/lets_talk_bailout_plans#c1150035 2008 Wed, 24 Sep 2008 23:19:43 -0800