QUOTE (Grizzly @ Sep 28 2008, 05:38 PM)

No. No it wasn't. That plan was formulated by a Bush administration member known as Henry Paulson.
The Democrats are the ones that was telling Paulson no; the Republicans went in with their conservative-presidential-hopeful putting on a show.
OMG! Grizzz. You haven't been paying attention to the news............you are wrong! wrong! Yes, Paulson is a member of the Bush administration and if you'd read the links, you'd see why he was included.
You didn't even read the links, did you? Just a knee jerk reaction. The Democrats were the ONES THAT MADE UP THE ORIGINAL "DEAL" THAT WOULD HAVE GIVEN PAULSON FREE REIGN OVER THE $700B BAILOUT.
I can't believe it. I cannot believe it. You're completely, completely blinded to the facts in order to get the facts to meet your twisted liberal views.
How funny! The Democrats were telling Paulson "no"..............Gawd! I give up. Talk about crazy. You are, Grizz. You are.

Since you OBVIOUSLY DID NOT
READ the article, let me put a small bit here so you can't ignore it:
For a president who in 2001 brought faithful fellow Texans with him to Washington and named Republican activists to key posts, Bush's lame-duck Cabinet has virtual non-partisans heading three important departments. Defense Secretary Robert Gates is an intelligence professional and career bureaucrat. Attorney General-designate Michael Mukasey spent his career as a prosecutor and judge. But while Gates and Mukasey look like non-partisan civil servants, Paulson comes over as politically androgynous.
In his third try, Bush found the heavyweight Treasury secretary he desired in multi-millionaire investment banker Paulson. The tradeoff is that the former Goldman Sachs CEO does not act or sound much like a conservative Republican to the GOP remnant at the Treasury. "It's not in Hank Paulson's DNA," one official told me. Is he loyal to Bush? "Hank is for Hank," he replied.
Paulson marched to his own drummer last Tuesday by naming Eric Mindich, chairman of Eton Park Capital Management, to head the Asset Managers' Committee of the President's Working Group on Financial Markets. A former Goldman Sachs colleague of Paulson's, Mindich is a top-level Democratic fundraiser. He was in Sen. John Kerry's inner circle for the 2004 presidential campaign and backs Sen. Barack Obama for 2008. Republicans in the administration were amazed that the White House acquiesced in appointing a Democratic activist to lead a group "to develop best practices" for asset managers. These critics wonder why President Bush did not ask Paulson why he could not name a Republican financier for this position. I posed the question last week, and a Treasury spokesman replied that "we were looking for somebody who is well respected in the industry" to fill what is "not really a political position." By that measure, no Treasury job can be considered political.
So much for trying to "reach across the ranks." I can see he gets no credit for trying to consolidate the two sides, but gets plenty of hell when the ignorant fault him for the actions of his Democratic-leaning appointees. But, never condemn the Democratic appointees.
Sheesh! Now, that is "blind loyalty."

Next time, just keep the cabinet full of Republicans, NO DEMOCRATS!!! That's the answer according to Grizz.
BTW, Grizz, regardless of where the info comes from, Paulson's pedigree is on record....even if it were reported in the
Pravda. Doesn't change the facts. What gives with you?
And, this is the
result of the Republicans getting to get THEIR opinions inserted into this issue. Turning it from a bailout to a "work out," which is the solution from the Republicans which I've been hearing about since Monday (ie, Rove, Gingrich, etc.) Paulson was wanting free reign, with Democrats backing him,
until McCain went to D.C. and got Republicans involved. At first, the Dems thought they could muscle their "deal" upon the Republicans, who hadn't been consulted in the deal, but when McCain arrived the Republicans rebelled. The Democrats need the Republicans vote on this (as they do have the majority in Congress and can pass any deal they want to) because the Dems didn't want to go down in history as the party that created this debt, so they were over the barrel. But of course, within a few years...........the liberal public will be blaming Bush's administration for the debt because of short memories (and just plain ignorance unless spoon-fed by liberal sites ) like Grizz is already doing.
Keep in mind what the Dems wanted as a complete give-away to the culprits (which were mainly made up by Clinton-era groonies within these companies) to the tune of $750B with NO restrictions upon Paulson or the giveaway. Now, at least, with this insurance, the companies will be footing the bill much as homeowners who pay PMI to insurance companies to insure the homeowners doesn't default. So, this will cost much, much less than the original $750B planned by the Democrats which they'd hope to pass
before McCain came in and messed it up!!---the Democratic spin on the situation.