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News tagged ”Bailout”

Bailout Passes Senate

The modified $700 billion Wall Street rescue bill just passed the Senate by a 74–25 vote. Now it heads to the House; if it passes there, onto President Bush who favors the rescue plan.

Here is a list of the senators who voted against the rescue bill:

- Waye Allard (R-Colo.)
– John Barrasso (R-Wyo.)
– Sam Brownback (R-Kan.)
– Jim Bunning (R-Ky.)
– Maria Cantwell (D-Wash.)
– Thad Cochran (R-Miss.)
– Mike Crapo (R-Idaho)
– Jim DeMint (R-S.C.)
– Elizabeth Dole (R-N.C.)
– Byron Dorgan (D-N.D.)
– Michael Enzi (R-Wyo.)
– Russ Feingold (D-Wisc.)
– James Inhofe (R-Okla.)
– Tim Johnson (D-S.D.)
– Mary Landrieu (D-La.)
– Bill Nelson (D-Fla.)
– Pat Roberts (R-Kan.)
– Bernie Sanders (I-Vt.)
– Jeff Sessions (R-Ala.)
– Richard Shelby (R-Ala.)
– Debbie Stabenow ... Read More...

Is Rahm Emanuel looking for Amnesty for Freddie/Fannie Execs?

Emanuel, who served as a board member for Freddie Mac, one of the agencies that precipitated the economic crisis the nation now finds itself in, had no misgivings about taking a leadership role in tanking the bill. “He was cheerleading us along, mothering the votes,” says the aide. “We wanted enough to put the pressure on the Republicans and Congressman Emanuel was charged with making it close enough. He did a great job.”

Emanuel apparently is concerned the roles former Clinton Administration members may have played in the mortgage industry collapse could be politically—or worse, if the Department of Justice had its way, legally—treacherous for many.

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