Comments, not mine, on the bailout

Dr Patrick Byrne of Overstock commented: "This bailout is necessary to save the bacchanal that is our US financial system. However, at the core of the administration's plan is the assumption that Wall Street is worth saving. It is not. For years Wall Street has bossed Washington, DC around like they're hired flunkies, while preying on Main Street businesses and investors. The federal government should use this opportunity to extract from Wall Street concessions that could never be extracted were Washington in its customary subordinate position." Here.

Nancy Pelosi is pleased.

Michelle Malkin says kill it and says credit is not a civil right.

McCain acting presidential; Obama not so much.

"This is a disaster waiting to happen. The best course of action for Congress is to do nothing and let the situation resolve itself. In short order we will have new market champions. If it absolutely has to do something, it can announce new lending programs to fend off a credit crunch (though this puts more pressure on private financial institutions and shouldn't really be done unless the credit crunch materializes)." Gabriel Malor

"When I and my wife, a legal alien, bought our house, the mortgage company told me that if my wife were an illegal alien, rather than legal, we would have qualified for certain loan programs with big banks. But because she was a legal alien waiting for her green-card (which she had recently applied for), we didn’t qualify." Hans Bader at OpenMarket.org





More as I find them.