Voters Unhappy59 Percent Would Vote to Replace Entire Congress 41 Percent Would Skip the Voting Part Entirely.
According to the latest Rasmussen poll, in the wake of the financial-sector bailout bill passed last week, 59 percent of Americans would vote the entire Congress out of office. The other 41 percent would achieve the same result without the voting part through a variety of means, the most popular of which involves a coal or petroleum byproduct along with a poultry byproduct.
Wall Street May Skip Bailout Bucks
Meanwhile, concern grows in the mainstream media, and its Democrat party, that few financial firms will take advantage of the bailout, but will instead seek so-called private-sector solutions to their balance sheet woes. House Financial Services Committee Chairman Barney Frank, (D-MA), said it would “add insult to injury if Wall Street snubbed this generous offer from the American people after all we did to make it possible.”
Wachovia Tries to Reject Gracious Offer
Rep. Frank said he was also concerned that Wachovia has moved to accept a roughly $15 billion all-stock buyout offer from Wells Fargo rather than the $2.1 billion acquisition by Citicorp of Wachovia’s banking assets — a deal brokered and backed by the FDIC, which would have put U.S. taxpayers on the hook for $42 billion in Wachovia losses.
“Here we have another case of rude Wall Street fatcats essentially saying that taxpayer money is not good enough for them,” said Rep. Frank. “It’s like when your grandma slaves over a hot stove all day, and then you don’t eat the turnips. It’s an insult.”
According to the latest Rasmussen poll, in the wake of the financial-sector bailout bill passed last week, 59 percent of Americans would vote the entire Congress out of office. The other 41 percent would achieve the same result without the voting part through a variety of means, the most popular of which involves a coal or petroleum byproduct along with a poultry byproduct.
Wall Street May Skip Bailout Bucks
Meanwhile, concern grows in the mainstream media, and its Democrat party, that few financial firms will take advantage of the bailout, but will instead seek so-called private-sector solutions to their balance sheet woes. House Financial Services Committee Chairman Barney Frank, (D-MA), said it would “add insult to injury if Wall Street snubbed this generous offer from the American people after all we did to make it possible.”
Wachovia Tries to Reject Gracious Offer
Rep. Frank said he was also concerned that Wachovia has moved to accept a roughly $15 billion all-stock buyout offer from Wells Fargo rather than the $2.1 billion acquisition by Citicorp of Wachovia’s banking assets — a deal brokered and backed by the FDIC, which would have put U.S. taxpayers on the hook for $42 billion in Wachovia losses.
“Here we have another case of rude Wall Street fatcats essentially saying that taxpayer money is not good enough for them,” said Rep. Frank. “It’s like when your grandma slaves over a hot stove all day, and then you don’t eat the turnips. It’s an insult.”
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