September 27th, 2008
09:05 AM ET
14 years ago
CNNMoney: Congress presses ahead on rescue
NEW YORK (CNNMoney.com) - Negotiators from Capitol Hill and the Bush administration – after working well past midnight – are set to resume talks Saturday over a proposed $700 billion bailout of the financial system.
The talks, which broke at 1:40 a.m., involve staffers from Congress, the Treasury Department and the White House, a senior administration official told CNN.
The exact status of the legislation and the next steps remained unclear, but officials say they face pressure to agree on a bill and vote very soon.
Fewer than a dozen "unresolved issues" remain, a spokesman for a key lawmaker said Saturday.
Now there is concern that part of the current $700 bailout will contain earmarks for groups like ACORN, an Obama Movement organization that is also connected directly to voter fraud and other felonies in several states.
ACORN is a "community-organizing" outfit that Obama was closely affiliated with as Chicago community organizer.
ACORN has made a cottage industry out of leaning on banks and government to extend credit to “poor” house buyers who were bad risks for mortgages.
These bad mortgages were the direct result of artificially setting low interest rates and using the so-called Government Sponsored Enterprises Fannie Mae and Freddie Mac as a housing welfare program. It is these bad subprime mortgage loans that constitute the majority of the current economic crisis.
ACORN’s organizing principles have always been extremely unethical, including “evangelizing” black communities to “liberation theology” (thus the ties of Obama to Rev. Wright?) in order to achieve their socialist political agenda.
Obamabuyer – beware!
If you liked a liar, then vote mccain!!
I really don't think McCain is trying anymore. His responses were canned and he kept saying he had a plan but no details.
With all thats going on with his campaign and his lack of understanding on the current affairs of this country I doubt we'll see a difference if he becomes president.
Tell it like it is...........A BAILOUT! The use of the word "rescue" doesn't change a thing!
Read down there-Mccain camp-" I hope I made you proud tonight".
WOW!
Yes Sen. Mccain, you made me proud of my support of Barack Obama the next President of united states!!
These debates mean little or nothing. Look at 2004 the media reported that Kerry won all of his debates with Bush by large margins......... Who won the election? You have to understand that the media is biased toward Obama. Look at CNN's poll .....they admit there were more Democrats than Republicians polled......so no wonder Obama won according to their poll.
The Bailout is just a LIQUIDATION SALE for the rich to pick up some cheap real estate. While there are millions of other forclosures that will go thru for hard working americans that won't get bailed out.
They have not held as of yet anyone acountable in Congress or otherwise for this happening. WHY???? BECAUSE BOTH PARTIES SEE A WAY FOR A LOT OF THEM AND THEIR FRIENDS TO PICK UP SOME REALLY GOOOD REAL ESTATE BUYS.
GET A GRIP PEOPLE!!!! That's why they told Obama they would call him if they needed him. Guess it's going to work that way when he is President too. RUN ALONG LITTLE SAMBO, WE'LL CALL WHEN YOU ARE NEEDED.
Obama appears to be Pelosi and Harry Reid's little shoe shine boy!
The government is corrupt people!!!
It is sad to act superior and not ready to learn or agree with your opponent.
Republicans don't even know when they are a toast!
Just say it Barack is the winner in that debate. Way to go Dems. Obama/Biden for president. next week Biden will shut Sarah up!
Dem rocks!
FIRST I WANT TO SAY THAT SEN. OBAMA LOOKED LIKE A PRESIDENT LAST NIGHT........HE WAS GRACIOUS, BRILLIANT AND WISE! AND POLITE. DID ANYONE ELSE NOTICE MCCAIN'S STIFFNESS & GRUMPY-NESS? AND DID ANYONE NOTICE THAT BARACK AND MICHELLE WALKED ACROSS THE STAGE TO SHAKE HANDS WITH THE MCCAINS....... WHILE THE MCCAINS STOOD THERE LIKE ......ROYALTY?
{{{{DRUDGE POLL}}}} WHO WON THE FIRST PRESIDENTIAL DEBATE?...
MCCAIN
68% 211,713
OBAMA
30% 93,180
NEITHER
2% 7,460
Total Votes: 312,353
We can do a battle of the polls.....but here is one that clearly shows Senator McCain won.