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The Democratic Leadership should add bankruptcy protection to the bailout bill

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rateyes Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 08:15 AM
Original message
The Democratic Leadership should add bankruptcy protection to the bailout bill
and nothing else. That would bring more than enough Democrats on board to make up the 13 needed to pass it. If the 65 Republicans who supported it the first time dropped their support, then they would have to explain to the American people why they aren't for protecting the victims of the Republican policies that put us in this mess.

It was OK without the bankruptcy protections. Why wouldn't the same bill be OK with those protections?
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bluesmail Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 08:25 AM
Response to Original message
1. My exact thought while waiting for the final stick-em-up vote
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snappyturtle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 08:26 AM
Response to Original message
2. I think this bill was too tilted toward Wall Street....as I understand it
there were protections for the big guys but not mainstreet. Section 119 spent a lot of verbage basically telling us that there is no Judicial recourse. One could try but the best that could happen is that the gov't could have it's hands slapped and told not to infringe on the plaintif's constitutional rights. If we have to share in cleaning up this mess, then those with the bulk of the cleaning,we should at least be represented. And it has to be done now....not down the road someday, maybe. imho
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dhpgetsit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 08:29 AM
Response to Original message
3. No!
A whole lot more!

It needs REAL oversight and accountability.
It needs to be paid for by the wealthy investor class EXCLUSIVELY through taxes like STET, capital gains, and inheritance taxes.
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rateyes Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-30-08 08:31 AM
Response to Original message
4. We can all of that passed in January after Obama is sworn in...
without the help of the Republicans.
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