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["Lynda" <lurine AT softcom.net>]

I read the 110 pages put out by the House the other day.  Having worked for 
attorneys at one time, I can tell you, these guys didn't come up with all 
this in a couple of days or even a week.  Something is VERY fishy here.

The Senate grew nothing except perhaps some horns cause they are 3/4s 
prepared to gore the American public!

Lynda
----- Original Message ----- 
From: "Don Bowen" <don.bowen AT earthlink.net>


> I refuse to call it a rescue, it is a bailout.  I have tried to read it but
> it is filled with obscure references that will take days of searching to
> reconcile.  For example there is this:
>
> "(a) IN GENERAL.-Paragraph (2) of section 4161(b) is amended by
> redesignating subparagraph (B) as sub301 paragraph (C) and by inserting
> after subparagraph (A) the following new subparagraph:"
>
> What could this be in reference to?  Is it some limit to CEO pay?  Is it
> some limit to the power of the Secretary of the treasury?  The to those
> questions is a resounding NO!  It is in reference to the tax code.  Is it
> something to do with taxing the ones who profited?  Is it a reference to
> helping out homeowners who are taxed on the amount banks reduce the loan?
> Again no!  It is:
>
> ''(B) EXEMPTION FOR CERTAIN WOODEN ARROW SHAFTS.-Subparagraph (A) shall 
> not
> apply to any shaft consisting of all natural wood with no laminations or
> artificial means of enhancing the spine of such shaft (whether sold
> separately or incorporated as part of a finished or unfinished product) of 
> a
> type used in the manufacture of any arrow which after its assembly-"
>
> Now we all know why the bailout has to be passed so quickly.
>
> http://calculatedrisk.blogspot.com/2008/10/senate-speeches-on-bailout-bill.h
> tml
>
> In reality the bailout was attached to an obscure bill and some previously
> house passed tax bills were added.  This to get around the fact that the
> Senate cannot vote on an appropriations bill until it has passed the 
> house.
>
> If you want to dig through it here it is.
>
> http://banking.senate.gov/public/_files/latestversionAYO08C32_xml.pdf
>
> Good luck.  And remember that while you are struggling though this 451 
> page
> monstrosity that it is being voted on tonight by people who have not read 
> it
> either.  I was against the original bill for may reason but felt that
> something needed to be done.  As the week progressed I was still for it
> under the need to do something now and fix it later.  This after noon some
> reading has me even more against the bill and now I feel we still need to 
> do
> something but this is not it.  Maybe the Senate will grow a pair.