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700 Billion Dollar Bail Out Plan Written on Friday Evening and Saturday

Posted by adventbiblestudy on September 29, 2008


What do you think about the fact the president drops this on congress and the house of representatives on a Friday afternoon and implies that this is so important that they need to word all Friday evening and all through Saturday to pass a bill as soon as possible?  This has gone on now for two weekends.

CNBC’s Charlie Gasparino is reporting that if a deal on the bailout is agreed on today, regulators will work on the final language of the bill overnight and likely vote Friday or Saturday.

NEW YORK, Sep. 20, 2008 (Reuters) — New York Democratic Sen. Charles Schumer said on Saturday that Congress hopes to pass this week the Bush administration’s $700 billion financial markets rescue plan.

Talks continue Saturday about billion-dollar bailout
FINANCIAL CRISIS | Desperate to rescue markets, Bush, Paulson seek $700 billion — but talks continue Saturday as Congress and taxpayers say ‘Not so fast’

The weekend is here: what major financial institution will go down next? Read’em and weep: Struggling to stave off financial catastrophe, the Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag — a takeover of a half-trillion dollars or more in toxic mortgage assets and placed a $50 billion safety net under money-market funds.

Saturday, September 27, 2008
Pelosi Says Hopes for Bailout Deal on Saturday
Lawmakers are working against the clock to try to get a deal or even pass legislation before Asian financial markets open Monday.

By JULIE HIRSCHFELD DAVIS and DEB RIECHMANN, Associated Press Writers Sat Sep 20, 7:52 PM ET

WASHINGTON – The Bush administration asked Congress on Saturday for the power to buy $700 billion in toxic assets clogging the financial system and threatening the economy as negotiations began on the largest bailout since the Great Depression.

It seems all of this work if being done on Friday evening and Saturday, for the past two weeks.

They shall ask the way to Zion with their faces thitherward, saying, Come, and let us join ourselves to the Lord in a perpetual covenant that shall not be forgotten.  My people hath been lost sheep: their shepherds have caused them to go astray, they have turned them away on the mountains: they have gone from mountain to hill, they have forgotten their restingplace. Wherefore gloriest thou in the valleys, thy flowing valley, O backsliding daughter? that trusted in her treasures, saying, Who shall come unto me? Arise, get you up unto the wealthy nation, that dwelleth without care, saith the Lord, which have neither gates nor bars, which dwell alone.  And their camels shall be a booty, and the multitude of their cattle a spoil: and I will scatter into all winds them that are in the utmost corners; and I will bring their calamity from all sides thereof, saith the Lord.
KJV Jeremiah 50:5-6, Jeremiah 49:4, Jeremiah 49:31-32

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