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Adam Schiff

2 lawmakers reluctantly changed votes

Read more on business and the economy in the San Gabriel Valley, Whittier and beyond at our Economic Alert blog.

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John

Los Angeles, CA

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Judge it!
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#1
Oct 4, 2008
 
We didn't need the protection. For most its way too late for that. What we do need is answers.
Answers why this came to happen. Answers why it took so long for anyone to do anything. Answers why no one is being indicted, but rewarded for running a shoddy bank. Why do we have to back investors who take a knowing risk? Why does the government back the sale of one bank to another? How can a bank buy another bank when it is screaming that it is running out of money?

Wall Street will not lose money. For every transaction, a profit goes to the brokerage house. Whether a stock goes up or down, the typical company remains operational or viable to be swallowed by another company. The overall scheme is a game of speculation.

The way this administration rammed this bill down our throats, one would have thought that all the questions were answered and rebuilding would begin immediately. Bush came out repeatedly and gave small speeches and quickly turned and ran for cover. He didn't answer any questions or offer any plan. Even his big speech reminded me of the post 9/11 speech where he lied to convince us to invade Iraq. Years later, we're still there and I expect years later, they will still be looking for ways to get this new law moving. But it's ok... Bush will be long gone, and we will still be paying for this unanswered plan.

So far no one has the answers or plan to get this new law started. LIsten to the politicians as they describe this new law when they say "I think" "I imagine" or "maybe". This bill was rushed and passed without any immediate resolution, and no accountability
sidehill

Los Angeles, CA

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Judge it!
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#2
Oct 4, 2008
 
Perhaps the real reason Rep. Schiff changed his vote is because the 2nd version of the bill was sweetened with tax breaks for the motion picture industry, one of his major "constituents". Mr. Schiff's vote has a price, just like everybody else's in that corrupt institution we call our government.
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