H.R. 1424

H.R. 1424 Section by section summary

When enough votes were counted to confirm passage they cheered and clapped. “Hooray for fascism!”

Roll call found here.

The stock market has dropped about 2% 3% after the vote.

Barney Frank:

We can’t stop here. We need to do more. It’ll be like FDR’s New Deal. I don’t see how giving the Fed the ability to buy up assets are infringing on individual freedoms. Those who in the recent past advocated no regulation were the most successful.

We do not have adequate constraints on risk taking. Those who were regulated survived. We see a flight to regulation.

We don’t know how this [the bailout] will work.

GAH!!!! Out and out fascists. Those who supposedly were free market, deregulators he speaks of and he himself and his buddies. YES… some know how it will work. You just don’t listen.

Nancy Pelosi:

This is a big thick bill! Ha ha ha. Wow, it’s ready already. It normally takes longer to get to sign.

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