And let us recognize above all the 228 who voted no — the authors of this revolt of the nihilists. They showed the world how much they detest their own leaders and the collected expertise of the Treasury and Fed. They did the momentarily popular thing, and if the country slides into a deep recession, they will have the time and leisure to watch public opinion shift against them.
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- We need a coordinated surge to stem contraction in the credit markets ………………………………………………………………………………………. “We are really in uncharted waters. The question that has to be raised now is, where is all this going to end?” —Former Richmond Federal Reserve Bank President J. Alfred Broaddus Jr. “We are in new territory, this is a different game. [Neither Federal Reserve Chairman Ben Bernanke nor Treasury Secretary Henry Paulson] know what to do but they are trying to come up with ideas” —Senate Majority Leader Harry Reid ………………………………………………………………………………………. what happened to the $25b auto industry bailout, anyway?
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