September 29th, 2008
A chronology
Thursday, September 25th, 1:10PM - Chris Dodd and Company say an agreement has been reached. Must have been Dodd’s Plan.
Thursday, September 25th, 4:32PM - We’re now hearing about ‘wreckage’ and ‘climbing’. Those dramatic terms probably got a lot of web hits.
Thursday, September 25th, 6:17PM - Unraveling because John McCain wants private markets involved?
Thursday, September 25th, 11:37PM - Deal breaks down and Paulson goes home. Who’s plan was this again?
Friday, September 26th, 9:02AM - Republicans to blame. Yep, Dodd’s Plan.
Friday, September 26th, 11:54AM - Barack Obama sees progress. I’ll bet Dodd handed over his plan.
Friday, September 26th, 11:58AM - It’s all Newt Gingrich’s fault?
Friday, September 26th, 12:36PM - Must be Barack’s Plan now - he’s blaming John McCain too.
Friday, September 26th, 2:40PM - All sides negotiating.
Friday, September 26th, 7:54PM - Barney Franks says “we’ll have a deal by Sunday” (the same Barney Frank that said nothing was wrong with Fannie or Freddie - video 01:18).
Saturday, September 27th, 9:05AM - Everyone is hung over; good thing the markets don’t open tomorrow.
Saturday, September 27th, 2:31PM - No doubt a bailout is necessary. And no doubt ‘taxpayers will get hosed‘.
Sunday, September 28th, 10:15AM - A comparison of Paulson’s Plan to Chris Dodd’s … Barack Obama’s … Barney Frank’s Plan.
Sunday, September 28th, 11:46AM - The financial system needs more than Botox.
Sunday, September 28th, sometime in the afternoon - Tentative deal reached, but will it hold? You’ll have to wait until next Wednesday to find out.
Sunday, September 28th, 12:15PM - A summary of the agreement. [Full text here]
Sunday, September 28th, 6:15PM - The private sector Barney Frank got us into this mess. His plan will get us out?
Monday, September 29th, 7:14AM - Quit targeting asset prices, Messrs. Treasury and Federal Reserve.
Monday, September 29th, 12:00PM - The plan is imminent, but markets are tumbling anyway. And that is despite the Fed pumping a third of a trillion dollars into the system.
I wonder who will take credit for the plan next.
Posted in Office on Monday, September 29th, 2008 at 10:02 am
| Tags: bailout, congress, financial markets
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