Slog - Comments on Support Dodd's Plan http://slog.thestranger.com/2008/09/support_dodds_plan This is what I imagine this weekend was like in Washington: I have a suggestion: Contact your representative, and tell them you support Dodd's plan over the Paulson slush-fund. Senate Banking Committee Chairman Chris Dodd offered an alternative today to the Bush administration's financial rescue plan aimed at giving the U.S. Treasury an equity stake when it helps companies burdened by debt. Dodd, a Connecticut Democrat, is circulating a draft of his bill as Congress seeks to deal with a financial crisis that has been called the U.S.'s worst since the Great Depression. The Bush administration is proposing a $700... Copyright 2008 Mon, 22 Sep 2008 16:49:18 -0800 Tue, 23 Sep 2008 00:29:12 -0800 http://www.movabletype.org/?v=3.34 http://blogs.law.harvard.edu/tech/rss Comment by John Bailo
Here's my plan: if you wanted a safe investment, you should have put it in a local savings and loan (no, not Wamu).

You are guaranteed $100K.

No more, no less.

If you risked your retirement, then you get Social Security and you can eat at Old Country Buffet instead of having maid service and a 5 bedroom house at the assisted living community.

]]> John Bailo http://slog.thestranger.com/2008/09/support_dodds_plan#c1147895 http://slog.thestranger.com/2008/09/support_dodds_plan#c1147895 Money Mon, 22 Sep 2008 16:58:13 -0800 Comment by Bellevue Ave fail. mortgage relief is a non starter from the get go. it's pushing mortgages down america's throat that served as the basis for this entire mess.

]]> Bellevue Ave http://slog.thestranger.com/2008/09/support_dodds_plan#c1147897 http://slog.thestranger.com/2008/09/support_dodds_plan#c1147897 Money Mon, 22 Sep 2008 17:04:20 -0800 Comment by ratcityreprobate The new Republican mantra is "We are from the Government and we are here to help you."
With apologies to Reagan.

]]> ratcityreprobate http://slog.thestranger.com/2008/09/support_dodds_plan#c1147899 http://slog.thestranger.com/2008/09/support_dodds_plan#c1147899 Money Mon, 22 Sep 2008 17:05:48 -0800 Comment by DoddWasPartoftheCause http://www.bloomberg.com/apps/news?pid=20670001&refer=&sid=aSKSoiNbnQY0

]]> DoddWasPartoftheCause http://slog.thestranger.com/2008/09/support_dodds_plan#c1147902 http://slog.thestranger.com/2008/09/support_dodds_plan#c1147902 Money Mon, 22 Sep 2008 17:08:17 -0800 Comment by tomasyalba Yeah, @4, it must be all Fannie and Freddie's fault, and Greenspan was a li'l angel. Way to reblurt the blurts of the American Enterprise Institute's McCain-advising hack.

]]> tomasyalba http://slog.thestranger.com/2008/09/support_dodds_plan#c1147908 http://slog.thestranger.com/2008/09/support_dodds_plan#c1147908 Money Mon, 22 Sep 2008 17:12:45 -0800 Comment by PC Would suggest our leader, Sen. Obama, step out with a plan. What's this with Dodd being the leader?

We need unity on this and now is the time for the Dems to strike, but based out of unity, not individual senators acting on their own. That way lies chaos.

And it will take too long.

Make it the Obama plan. Then let's all push for it. This will also help Obama win.

And of course we should add a national ban on pit bulls -- in fact a ban on any wild derivatives presenting risks we can't measure.

Unity y'all--

]]> PC http://slog.thestranger.com/2008/09/support_dodds_plan#c1147920 http://slog.thestranger.com/2008/09/support_dodds_plan#c1147920 Money Mon, 22 Sep 2008 17:20:32 -0800 Comment by jrrrl um, how about we just end the iraq war and use the money to hand out free houses to everyone?

]]> jrrrl http://slog.thestranger.com/2008/09/support_dodds_plan#c1147937 http://slog.thestranger.com/2008/09/support_dodds_plan#c1147937 Money Mon, 22 Sep 2008 17:37:41 -0800 Comment by Jonathan Golob PC --

Because Dodd is the chairperson of the Senate banking committee. This is how divided government is supposed to work. From the point of view of building up the Democratic Party brand, I'm delighted for it to be the "Democrat's plan, written by Dodd, supported by Obama."

For what it's worth, Obama's record on regulating the financial industry was both prescient and impressive.

]]> Jonathan Golob http://slog.thestranger.com/2008/09/support_dodds_plan#c1147939 http://slog.thestranger.com/2008/09/support_dodds_plan#c1147939 Money Mon, 22 Sep 2008 17:39:23 -0800 Comment by oneway Three cheers for Senator Dodd. Even threw in a sensible alternative that could benefit individuals at risk of foreclosure by allowing judges to alter the terms of loans.

]]> oneway http://slog.thestranger.com/2008/09/support_dodds_plan#c1147977 http://slog.thestranger.com/2008/09/support_dodds_plan#c1147977 Money Mon, 22 Sep 2008 18:20:11 -0800 Comment by Julie in Chicago John McCain says:
The senior executives of any firm that is bailed out by Treasury should not be making more than the highest paid government official

That sounds nice, and all, but good luck with that. Salary alone for AIG's CEO is $1 million (compared to $400k for George W.). Even if he gets no bonus (which, for the love of God, please make it a criteria of the bailout that top executives cannot receive bonuses for 2008), there's no way to make that happen unless you demand he give back his salary (not going to happen).

At least his stock/stock options are worthless. That's something.

]]> Julie in Chicago http://slog.thestranger.com/2008/09/support_dodds_plan#c1147985 http://slog.thestranger.com/2008/09/support_dodds_plan#c1147985 Money Mon, 22 Sep 2008 18:30:29 -0800 Comment by Trevor A better plan:

http://www.sanders.senate.gov/news/record.cfm?id=303317

]]> Trevor http://slog.thestranger.com/2008/09/support_dodds_plan#c1147993 http://slog.thestranger.com/2008/09/support_dodds_plan#c1147993 Money Mon, 22 Sep 2008 18:42:57 -0800 Comment by shane equity stake is a really good idea, than as the companies benefit tax payers will.

]]> shane http://slog.thestranger.com/2008/09/support_dodds_plan#c1148040 http://slog.thestranger.com/2008/09/support_dodds_plan#c1148040 Money Mon, 22 Sep 2008 20:14:24 -0800 Comment by Mom I'm so amazingly frustrated and furious with all this - I'm a single mom, I've struggled to make my mortgage payments for the last 10 years, never missed ONE. I clip coupons, plan meals, cook cheap food, I'm so ridiculously frugal. I pay for my own health insurance. We definitely not going to be able to keep the house actually WARM this winter. My retirement fund is almost gone because of all this. How the hell did it get to be such a crisis so quickly? How can these rich fucks be so well compensated for running the whole ship into the ground, and then just get to walk away? We have NO sense of history in this company, hardly anyone is talking about the S&Ls. Jeebus. It just makes me want to throw up.

]]> Mom http://slog.thestranger.com/2008/09/support_dodds_plan#c1148046 http://slog.thestranger.com/2008/09/support_dodds_plan#c1148046 Money Mon, 22 Sep 2008 20:24:31 -0800 Comment by Bellevue Ave Mom, how do you like mortgage relief for people that signed shitty mortgages to flip houses? cause you wouldnt be helped under a mortgage relief plan.

]]> Bellevue Ave http://slog.thestranger.com/2008/09/support_dodds_plan#c1148063 http://slog.thestranger.com/2008/09/support_dodds_plan#c1148063 Money Mon, 22 Sep 2008 21:11:35 -0800 Comment by herbert browne @14 right on... those flippers (in SoCal mostly) were the ones who ate WaMu's shorts for lunch... and have caused a fairly decent financial institution (with either a deaf ear-- or no ear at all, on the street) to crumble as it has done. ^..^

]]> herbert browne http://slog.thestranger.com/2008/09/support_dodds_plan#c1148115 http://slog.thestranger.com/2008/09/support_dodds_plan#c1148115 Money Tue, 23 Sep 2008 00:29:12 -0800