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Bob Casey (D-PA) writes Hank Paulson a sternly worded letter

Thu, 10/16/2008 - 12:55pm — lambert

Bloomberg:

Senator Robert Casey, a Pennsylvania Democrat, wrote Paulson today saying the bank rescue efforts don't do enough to help households.

``It troubles me that the Treasury has committed $250 billion to an effort to provide help to banks, without modifying a single mortgage,'' Casey said in a statement.

Casey's "troubled"...

From the Department of Shutting The Vault Door After The Trillion Has Gone.

Of course, Obama did work the phones for the Bush + Reid + Pelosi + Obama + Paulson bailout, so presumably Casey's er, Appalachian constituents will get some help at some point? Just a trickle?

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Wasn't the HOLC option in the bill?

By gqmartinez on Thu, 10/16/2008 - 1:00pm

I thought that was why McCain's (and previously Hillary's) proposal was so erratic and worthy of derision. The old bastard didn't even bother to read the bill, it appeared. Or so I'm told.

When strict partisanship gets you to mock a person and diminish a good policy, you know you've lost your way.

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Ah, yes--Dem pols are ferocious when they're "troubled" about

By jawbone on Thu, 10/16/2008 - 7:22pm

something.

I do not believe HOLC is spelled out in the Paulson Fix Is In legislation. However, I believe some of the monies could be used at the discretion of the Hanky Panky, but those seem to be going to the banks in the injections of capital.

I don't think anything firm is in the Paulson Fix for mortgage holders.

When was Hillary's HOLC/HOME derided as "erratic"? I thought that word was now used only for McCain and his supporters? Heh.

Seriously, what I have heard is that McCain and his camp have not fleshed out details of his purported HOLC/HOME knock-off, so most analysts can't actually critique it. Others critique what they think it is.

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