Fight Bush, Fight the Bailout!!-1/3

As Bush Admin Pushes $700B for Wall Street, Ralph Nader Asks, "Why Is There Need for a Bailout?"

As the Bush administration intensifies its pressure for Congress to quickly approve a $700 billion bailout of the financial industry, we get reaction from Independent presidential candidate and consumer advocate Ralph Nader. Nader calls Democratic claims of White House concessions “wish fulfillment” and says the bailout might not be needed in the first place. [includes rush transcript–partial]

Category:

News & Politics

Tags:

• bailout
• economy
• ralph
• nader
• bush
• wall
• street
• democracy
• now

[cv1122]

main reason not to believe that this $700 billion bailout is needed ---- because BUSH said so.

The man is a liar. He has lied to us repeatedly. Or did everyone forget that??

[gr4yJ4Y]

Nader makes a good point that one of these other banks or firms might had bailed out these companies with toxic accounts if there weren't rumors going around about this government bailout (last week). When the government invests money into them the price will definately be different than if they were sold on market.

[2007legoman2007]

looking for friends

comment me back Kp

[tcampbellla]

Good call.

[boldrdash]

You make a great point. Check out Nader!

[virginlampoil]

Why don't we do what Warren Buffet did, purchased preferred shares with 10% interest?

That why they could get the cash they need.

Buffet didn't want to mess around with the toxic assets, why should we? Other than the politicians want to selectively dish out the 700B for political gain.

[Beadbud5000]

Please check into the National Initiative. This has been talked about and sought after since the mid 1990's. The website address is on my profile or just Google "National Initiative"

[toshindodisciple]

george has proven himself to be so dangerously incompetent that when he calls on us to do something we'd better do the exact opposite.

vote nader 08.

[mikwid]

You gotta be kidding me... Fuck you, BUSH!!!! You are so full of shit it must be leaking out of the back of your head! No one wants to lend rich people anymore money. We are all hanging on by our fingernails, here! Go back to hell, Bush and tell your owners to go with you.

[andid]

Bailouts not going to help, but neither is the complete deregulation the House Republicans apparently proposed. We really do need an independent party, these party's really have no idea what they're doing. But specifically the Republicans.

[Nader4President]

2008 Presidential Candidate Ralph Nader discusses the proposed Wall Street Bailout and his solutions. This is in response to a question asked by a student at the University of West Virginia, in Morgantown, on September 24, 2008.

watch?v=S7aC7CyOP0Q

[Landrew120880]

I have to agree. The main thing that I see is that at the end of Bush's 2nd term, he wants to give $700b to the banks. Why not give it to the American people to pay off the debt instead. And the threats he is giving to us about losing our retirement money, etc. More fear. What happened to this country?