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Heller decries Wall Street 'arrogance' in bailout - Las Vegas Review Journal

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steve2470 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 04:44 AM
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Heller decries Wall Street 'arrogance' in bailout - Las Vegas Review Journal
http://www.lvrj.com/news/29991404.html

WASHINGTON -- A young Dean Heller got a taste of Wall Street mindset when he worked as a stockbroker and trader on the Pacific Stock Exchange in Los Angeles during the 1980s.

Now a Republican member of Congress from Nevada, Rep. Heller said Tuesday he chuckled knowingly when officials from "The Street" criticized the House of Representatives for failing to pass the Bush administration's bailout package.

"That is Wall Street arrogance," Heller said. "They created their problems and they want someone else to bail them out."

Heller was back in Douglas County during a short recess as congressional leaders worked behind the scenes to fashion a rescue for the bailout plan that went down to stunning defeat on Monday.

Their aim was to find the right combination of sweeteners to attract the dozen votes needed for House passage of the $700 billion plan, perhaps later this week.

more at link above
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 04:50 AM
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1. Sweeteners for a poison pill?
What makes cyanide tasty?
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 04:55 AM
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2. Like Dean Heller hasn't supported the free market fundamentism that led to the problems
and now want to keep that failed philosophy in place, even though the fate of the global credit markets (and a ton of people's paychecks at stake).

Typical disingenuous Republican.
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