Money Beat

Sure - let\'s bail out everyone. It\'s the socialists dream come true!

Politics as Usual! Absolutely NOT. This Bill should be specific to preventing an economic collapse. It is not a charity bill. I could use some money as well. Maybe the Democrats would like to pay my credit cards and car loan?

Whew, I have student loans.

Sure - let\'s bail out everyone. It\'s the socialists dream come true!

These people are the most incompetent since Carter;
http://www.investors.com/editorial/editorialcontent.asp?status=article&id=305938528597493&secid=1501

I'm leaving this country. Why should I have to pay for the stupidity of others?

These are Ideas I got in an email They say they are Robert Reich's whoever they are I like them and wanted to share since I did not have all of your emails here it is . Perhaps, you care about what they are about to do with your money. It would seem that the current administration has been trying to get their hands on our money through privatizing social security. (So people will gamble their money on Wall street). We didn't want that, because, if you are like me we're not all gamblers. Now we are forced into helping the gamblers with the money we have worked in our various trades to earn. We have to make sure the government realizes that this is OUR money, they are gambling with...
...the public is asking: Why should Wall Street get bailed out by me when I'm getting screwed?

So if you are a member of Congress, you just might be in a position to demand from Wall Street certain conditions in return for the blank check.

My five nominees:

1. The government (i.e. taxpayers us) gets an equity stake in every Wall Street financial company proportional to the amount of bad debt that company shoves onto the public. So when and if Wall Street shares rise, taxpayers are rewarded for accepting so much risk.

2. Wall Street executives and directors of Wall Street firms relinquish their current stock options and this year's other forms of compensation, and agree to future compensation linked to a rolling five-year average of firm profitability.

3. All Wall Street executives immediately cease making campaign contributions to any candidate for public office in this election cycle or next, all Wall Street PACs be closed, and Wall Street lobbyists curtail their activities unless specifically asked for information by policymakers.

4. Wall Street firms agree to comply with new regulations over disclosure, capital requirements, conflicts of interest, and market manipulation. The regulations will emerge in ninety days from a bi-partisan working group, to be convened immediately.

5. Wall Street agrees to give bankruptcy judges the authority to modify the terms of primary mortgages, so homeowners have a fighting chance to keep their homes.

ok so bail them out, but why not cut gas prices at the pump NOW to start paying back the american public for this bail out!!!

I'm retired. I pay as little in taxes as possible. Pelosi, Harry Reid, and that gay guy from New York are going to save the day?

We need to eliminate the entire congress and start fresh. The current congress is corrupt down to the last person. The folks elected are politicians not leaders. ie

Stop and think about this!

You couldn't get a job at McDonalds and become district manager after 143 days of experience.

You couldn't become chief of surgery after 143 days of experience of being a surgeon.

You couldn't get a job as a teacher and be the superintendent after 143 days of experience.

You couldn't join the military and become a colonel after a 143 days of experience.

You couldn't get a job as a reporter and become the nightly news anchor after 143 days of experience.

BUT....

'From the time Barack Obama was sworn in as a United State Senator, to the time he announced he was forming a Presidential exploratory committee, he logged 143 days of experience in the Senate. That's how many days the Senate was actually in session and working. After 143 days of work experience, Obama believed he was ready to be Commander In Chief, Leader of the Free World .... 143 days.

We all have to start somewhere. The senate is a good start, but after 143 days, that's all it is - a start.

AND, strangely, a large sector of the American public is okay with this and campaigning for him. We wouldn't accept this in our own line of work, yet some are okay with this for the President of the United States of America?

Come on folks, we are not voting for the next American Idol!

Email your Congress Person and Tell Them
"NO MORE BAILOUTS"
by David Neal
09-21-08

On the 10th of June 2008, the Bank of International Settlements announced the largest gain in derivatives outstanding since they started to report on this. The notional value of all outstanding derivatives now totals approximately $1.144 QUADRILLION. That is 1144 TRILLION DOLLARS.

At the exchange rate this week (Wednesday), 35 trillion British Pounds was equivalent to U.S. $62 trillion. According to the International Swaps and Derivatives Association , $62 trillion is the notional value of credit default swaps (CDS) out there, somewhere, in the market. Credit default swaps are not standardized instruments. In fact, they technically aren't true securities in the classic sense of the word in that they're not transparent, aren't traded on any exchange, aren't subject to present securities laws, and aren't regulated. They are, however, at risk – all $62 trillion of them.

These are TRILLIONS of Dollars not BILLIONS

Frustrated by the US government's rescue of AIG, Fannie Mae and Freddie Mac, a group of 100 conservative congressmen today urged the Bush administration to stop keeping Wall Street afloat.

The RSC members, all serving in the House of Representatives, noted with alarm that the government action this week "has the appearance of a socialist and not a free market approach to managing our economy".

Rescuing failing financial firms has "set a dangerous and unmistakable precedent for the federal government both to be looked to and relied upon to save private sector companies from the consequences of their poor economic decisions," the RSC members wrote.

All while this was going on the Major Media could only talk of the "New Messiah". Not one ounce of investigative journalism on the subject of who is liable for all this debt. Not one article, not a single word telling of the vast financial imbalances of leveraged monies, YOU our elected officials and the Big Banks have created.

Just 9 days ago Henry Paulson (i.e.. former CEO of one of The Banks Too Big to Fail, Goldman Sachs) told us "all is well". He has no idea what to do or what will come of this or he is a liar.

The very same people that put us into this mess are the very same people advising the President and Congress on how to fix the problems they have created. This is insanity! The bailouts now being proposed are not bailing out American Workers but are bailing out the rest of the World on the backs of the AMERICAN TAXPAYER as if we don't have a huge enough burden already.

The numbers posed by the Bank of International Settlements are staggering. Billion Dollar infusions will do nothing to stop the inevitable. A few weeks ago the billions and billions in infusions of American greenbacks probably helped delay, but did not repair the devastation. Today these same Billions of Dollars in bailouts are absorbed like a thirsty Whale.

I can tell Congress one thing is for sure, that a movement has started and I and many many more like me are going to stop paying our taxes if this insanity of bailouts is not stopped, now! And we will vote every congressperson out of office if they vote for anymore bailouts, period!!!

We are in historically unprecedented times. The foundation is being laid for a default of USTreasurys in the wake of the greatest regulatory failure in modern history (i.e.. the repeal of Glass-Steagall), and the collapse of the US financial system. If you look back, Paul Volker predicted this would happen if the newly appointed Alan Greenspan implemented his ideas to make more money for the banks.

When this happens the World will turn their backs on us and things will get nasty real quick. All we will be left with is the American citizens, to pick up the pieces and start over.

Congress needs to remember who butters it's bread and start standing up for American Citizens like you were put there to do. We are not worried about a "global financial meltdown", we are worried about being taxed to death and putting groceries on the table. We could care less about what happens to Wall Street. You also need to understand, we can and will - take back our country from the criminals in charge now.

Here is a link to find your Congress Persons and email them your anger on these socialist bailouts that will do nothing to help the massive financial imbalances we face. They will only line the pockets of the architects of this mess and make our Tax burden unbearable.

STOP THE INSANITY NOW!!!

richardcranium1

Wow - that\'s really communism. You can bet all stock trading would move overseas under that plan of yours!

I already helped everyone out -- I didn't get anything for the stimulus payment. Hope you all enjoyed what my husband and I provided for you all. Yes, we make a good salary, but the main reason we lose out is because we have paid off our mortgage and don't have kids -- so there's no tax return reward for us. Now, after years of doing without and living carefully below my means, I have to rescue everyone out there who acted foolishly? Puleaze.

Da Commarades Pelosi und the Democrata Dictatorials want you to be good peasents and pay for the mistakes of those that love you so much.
It is good communist that you are that makes Socialist Union of State Gulags In America worth nothing and energy who needs energy not you, you are poor people you don't need energy.
Now go back to being poor and do not worry we have it all under control now.

What about the homeowners who are facing foreclosure. No relief for them, only for the companies who bloated the apprasials and gave the bad loans. Just so they can go do it all over again. Foreclosure and higher taxes is not a bailout. Let the companies fail, others will take their place.

The bailout is needed and I like that their are conditions. Without the conditions, people would still go into default with mortgages and companies would go back to putting themselves in this position again. I think that help with the other loans is extreme, but may be necessary noting that many of the problems with the other loans are in relation to the jobs that have been cut. There has been at least a million jobs lost and more people unemployed because of outsourcing and greed, so it would leave a lot of loans in trouble of being repaid, because people have limited or no income.

1) Has anyone calculated the costs of directly helping the homeowner instead of giving a trillion or two to Wall Street? Not a single Wall Street executive has stepped forward pledging to accept a pay decrease and returning his/her Golden Parachute to help our troubled economy. Not one.

2) Help troubled home owners to bridge their mortgage payments so that they are able to remain in their homes.

3) A house that goes into for-closure is a large loss to the homeowner, the banks and now the taxpayers of America.

4) A for-closed home depresses surrounding neighborhood real estate values which adversely affects all American homeowners.

5) Do not allow real estate speculators to walk away from their speculative losses if they are financially able to maintain the mortgage. No one bails out an investor who loses money in the stock market. I believe that a good percentage of the people who are walking away from their mortgages are financially viable and more than able to maintain the mortgage. Why should the taxpayer have to pay for rich people to avoid losses?

Check this out. While we are watching there right hand look what the dems are doing with the left.

Well, for Biden I suppose this is better than a “suicide” like happened to Clinton’s whistle-blowers and opposition some 10 years ago. This doesn’t surprise me one bit.

Just received this fro a previously reliable source. I have no way to verify

>
>
> Subject: Rumor Mill
>
> On or about October 5th, Biden will excuse himself
>
> from the ticket, citing health problems, and he will
>
> be replaced by Hillary. This is timed to occur after
>
> the VP debate on 10/2.
>
> There have been talks all weekend about how to
>
> proceed with this info. Generally, the feeling is that
>
> we should all go ahead and get it out there to as many
>
> blog sites and personal email lists as is possible.
>
>
>
> Some have already seen a few short blurbs about
>
> this - the 'health problem' cited in those articles was
>
> aneurysm. Probably many of you have heard the same
> rumblings.
>
> However, at this point, with this inside info from the
>
> DNC, it looks like this Obama strategy will be a go.
>
> Therefore, it seems that the best strategy is to get out
>
> in front of this Obama maneuver, spell it out in detail,
>
> and thereby expose it for the grand manipulation that
>
> it is.
>
> So, let's start mixing this one up and cut the Obamites
>
> off at the pass - send this info out to as many people as
>
> you can - post about it on websites and blogs - etc.

I'm dusting off my Karl Marx manifesto and getting my familt ready to move to the collective farms.

I'm dusting off my Karl Marx manifesto and getting my familt ready to move to the collective farms.

these dang rich republicans run companies into the ground and want us hardworking middle class democrats that pay the lions share of taxes to bail them out.i am sick of the rich getting whatever they want under this republican fool bush. these ceo,s of these failed companies are only following there god george w. bush watching how he destroyed america and they do the same with there businesses.

Fool me once shame on you
Fool me twice shame on me.

Are we really going to trust these crooks on Wall Street to tell us how much their mortgage derivatives are worth? Aren't we putting temptation in front of a heard of pigs?

HOLDING THE BAG

NEWSWIRE--As Congress considers bailout legislation, there is uncertainty whether it will provide homeowners with mortgage assistance.

Halloween's still weeks away,
But tricks of finance start today:
Some get gift bags in the billions,
Others, pennies (mere civilians).
Whether treat's insane or small,
Depends if street is Main- or Wall-.

www.newsandverse.com
Light verse, ripped from the headlines

Whew! At least this came AFTER the government subsidized people's television with those digital converter boxes!

One of the comments are talking about Obama's experience-This history making blunder of this bailout was caused by the so called 'EXPERIENCED" politician. Now its egg on all their faces. What we need is SOMEONE IN WASHINGTON WITH SOME COMMON SENSE " Mccain is and old man with no common sense and he has lots of experience(mainly in helping the rich and the big companies). Or say goodbye to The USA- This country will be about rich and poor-ad dictator type government.

Let\'s pay back the $24 we took from the Indians as payment for New York! Never mind those Indians are probably extinct now. We can put the $24 in the general fund to pay for congressional raises.

Let it sink - all of it. No bailout. Nada. Zilch. Nothing. Those of us who work hard will do just fine - and we take care of those who can't for themselves - and the rich, lazy and good for nothings: welcome to individuality and be sure and vote Republican again - you get what you vote for.

I've always lived within my means. My wife and I drive older, modest cars which is paid for. We have no credit card debt. The only loan we have is our mortgage which is within our means to pay and on which we have never been late. I really hope we don't start bailing out credit cards and other forms of wasteful spending. And BTW, I'm a Democrat.

Barney frank was one of the chief reasons we are in the mess we are in. This nation needs an exit strategy from gay preverts like Frank and his buddies. Why is it that so much perversion originates in Washington and like everything else that begins in Washington we pay for it. Stay out of the bath house and do your jobs guys.

Isn't it great to hear that the middle class is going to help out that irresponsible executives in the financial market-- what would they do without the federal government stepping in and insuring their six figure incomes?

Although I agree the Democrats have a responsibility here, you can not fault them for this bill. They are not asking for extensions or broad powers to cover the "other" debts. This is the Bush Zionists Nazis. Read your history books and you may realize why Hitler shipped these Jewish bastards out of Germany! Yeah that's right, everyone of these bastards came on the same damned boat and told you how Hitler was stealing their gold. Hmmm... maybe Hitler was wise to these Jews and reclaiming the gold the bastards swindled from Germany when they funded World war I. Think!

Stop Whining and thank YOUR president.

this was his idea. And I guess in a few years you will blame this on the democratic congress, b/c you will have forgotten about this mess.

SO SAD!1 We are all going to suffer and all we can do is scream one party is better than the other. Both parties need to stop being loyal to a party lie (concept) and become more loyal to the people of America.

The top 1% of the country will be fine, but for the rest of us, we will have hell to pay. If not now, soon. THINK ABOUT IT!~

rectumcleaner - you talk about how many days Obama had as a senator while they were in session...(you do know they work when they are not in session, right?) anyway... just have a question for you. How many days was George W. Bush a senator before he ran & was elected? Oh, none. Clean your own rectum before you start trying to clean others.

Hey Tom,

Last I checked there are a lot of Dems who own companies and also run them into the ground. Who do you think was running Fannie May, look up who has been giving the Dems money (a lot of wealthy company owning Dems). Look who is directly up to their ears in this mess, John Kerry, Chris Dodd, Nan Pelosi, Even your boy Obama.
So please don't give us the garbage about how only mean Republicans are sticking it to the working man, get a life and go stick your head back in the sand dumbazz.

Thank you Red States. Thank you so much for the mess you sent to the White House. You are grounded from voting until you learn to pull your heads out of your rumps before going to the polls!

Let\'s pay back the $24 we took from the Indians as payment for New York! Never mind those Indians are probably extinct now. We can put the $24 in the general fund to pay for congressional raises.

michael----i live in clarks grove minnesota,come call me a name to my face and you will leave in a body bag you satan worshiping republican nazi. the biggest evil doers are republican, ask all the rich in this nation and you will find taht about 85% of them are republican.

Congress, there should be a bounty on them. Congress operates by constantly creating crisis situations from which they pretend to try and save us. We need saved from the liars and cheats that live better than their constituants , while the standard of living for the rest of us goes down. Politicians, Judges, Prosecutors and lawyers are the reason that there is no common snnse use in government. These people are no longer public servants, they have become rulers with personal agendas as their primary focus. Government invovement is what causes these situations to begin with. We are led by politicians who have little actual leadership experience. The are there for the perks. Be angry, be very angry, because we are losing everything

Sure - let\'s bail out everyone. It\'s the socialists dream come true!
***************************
Since Republicans have no problem with
corporate welfare, you might as well give
the people how are footing the bill a break
also.

Leave it to Democrat Stalinist Nancy Pelosi to delay and expand the bill in order to put her standard poison pill into the mix. Pelosi talks "oversight" yet she has been in charge for 2 years and let the CEO's and their Democrat friends like Jamie Gorelick rape the American investors and destroy our retirement funds. Now she is going to expand the problem in order to rape the taxpayers to the bone to further enrichen her co-horts. That picture of her and Barney Frank makes me want to puke. These people are evil.

Welfare Wall Street

spacerook1---so very true republicans love bailing out big business but they say helping the poor is entitlement..we all see how evil republicans are.

Oh Sorry... I meant Welfare Street

Hey tom, if you think this is a republican issue then you are sadly mistaken. A rich person issue yes but if you liberals keep this mindset about the other party then you are everything that is wrong with the sheeple of this country. I didnt even graduate college and could have told you a long time ago that we as a country grew way to fast and lived way beyond our means. I would like to know how many of these ceo's are actually republicans cause the fannie and freddie folks contributed lots to your boy obama. how bout them apples.

bill--- your an idiot!!!!we democrats have been trying to get regulation but the republicans have blocked it at every step because then the republican nazi party cant rape america like they have been doing.

We need new, honest people in Washington. THIS YEAR, VOTE OUT WHOEVER THE CURRENT PERSON IS AND IN THE NEXT ELECTION CYCLE, DO IT AGAIN. This will help send a message, but also possibly give America a fresh start. The American taxpayer is going to be so deep in debt, the grandchildren I have not had will be paying this off,(My only child is 8 months old).

Tom, The democrats love people like you. Easy to fool and easier to control.

doug----wow one out of thousands support obama. wow that is something.

The usury level %ages on credit cards should be ended.

Man, I can't believe the tax money I had to pay (showing my patriotism!) is gonna go to the fat cat Wall Street dudes! I gotta go call H&R Block to find out when my tax loan check's coming. Signed Charlie "Bo" Rangels

tom, you really need to do some homework.

Why don't we get to vote on this bail out?????? It's our money they are giving away!!!!
When the election comes, I am voting for the person(s) that will take the least amount of money out of my pocket. I don't care what else they want to do. I can't afford to let them spend my money anymore. In fact, I think I will quit working and go on a barter system for everything I need just so I don't have to pay taxes. Then when I need money I will just have Big Brother give it to me like they are doing for all the free-loaders and friends of politicians.

longt---yes and republicans love devil worshippers like you so they can destroy the working class and enslave the poor. go to h all you satan worshipping republican nazi,s

Fannie & Freddie were quasi-government entities from the outset. They are not Wall Street, so stop trying to use them as some sort of argument that this is not big business / republicans skimming the wealth from middle america. They did it the 80s under Daddy Bush (S&L loan crisis started by W.'s brother Neil) They got away with it then for trillions, they figured they would do it one more time while they had another Bush in offic.

These people are the most incompetent since Carter;
http://www.investors.com/editorialcontent.asp?status=article&id=305938528597493&secid=1501
*************************
Scary, but fact, that Bush is getting
a worse rap sheet attached to him,
than Carter!

longt--- i did i have been studying for the last 8 years and have found republicans are evil and are nazi,s...and guess what 75% of americans know it and will vote for obama this fall.

tom, not only are you naive, but apparently, your also immature. Do some homework.

ok...this is getting out of hand.

So this mess and bailout is from the GOP who promises lower taxes and smaller government? In watching all the Palin McCain commericals and other republicans running in NC, the GOP candidate is trying to paint the democrats as big government big spending liberals.

At least they are honest about their statements. Under 8 years of GOP leadership, we have more than doubled our national debt, economcy in shambles (try buying gas, heat and food at the average salary, while making rent, house payment and other bills) and the biggest government programs ever (Part D, Billionare Banker Bailout, wars, tax cuts for the wealthy, etc.)

The GOP needs to examine their record.

If you're going to bail out Wall Street you certainly don't want to do so on the advice of the guys that got us into this crisis and you ought to extend the bailout to Main Street. Additionally, no bailout anywhere that does not include re-establishing the rules that were abandoned. No gifts to Wall Street executives which means no severance pay and certainly no bonuses.
Finally, take your time and do the job right which means, don't be stampeded by Bush or Poulson and by all means do not give Poulson carte blanch.

Name calling is so childish & really irritating to read. But if YOU'RE going to do it can you at least spell YOU'RE right? It is YOU'RE AN IDIOT not "your an idiot". It is really disgusting when the one calling someone and idiot doesn't know how to spell.

Tom, can you be a bit more specific in your address?

This crisis could be the worst of the Bush years and that is saying something. The sub prime loans were an economic timebomb. How could regulators have not stepped in years ago to put an end to this practice? This bailout stinks. If government had been doing its watchdog role and not allowing the greed heads to steamroll good business practices this never would have happened. As usual, the BushGOPers did not mind the store and take care of daily governance and the result is a huge crisis that requires massive intervention. And I'm still not convinced that intervention is doing anything but costing taxpayers more, and prolonging and deepening the economic agony.

Different between Obama & Mccain in Social Security System:(1) Barack Obama - His website indicates that he "will work with members of Congress from both parties to strengthen Social Security and prevent privatization while protecting middle class families from tax increases or benefit cuts. As part of a bipartisan plan that would be phased in over many years, he would ask those making over $250,000 to contribute a bit more to Social Security to keep it sound." He has opposed raising the retirement age, privatization, or cutting benefits.
(2) John McCain - Has indicated resistance to raising taxes, but otherwise is willing to work with a bi-partisan commission to address the program's solvency issues. He has indicated that current benefit promises "cannot be kept," indicating he prefers to reduce benefits at some future date, rather than raising taxes. He supports private accounts as a supplement to Social Security. >>> John McCain still can not get it! Of course, he is so rich that he can retire without any SS benefit...Does he really care for the people?

When in a crisis...don't spend...have intercourse. Please use protection.

This forum must be what it is like in Congress..all blame and no solutions. I guess our government is a reflection of the people it governs.

So instead of responding with negative comments to my statements, get off this site and write to your representatives about what YOU want done.

And there have been so many fingers in the pot on this one, everyone is to blame and everyone should be working to find and answer. Including us.

What I find insulting is that they've sat on their hands for the last two years & now at the last minute in some sort of fake desparation, they are begging to be handed $700B with no questions asked in order to save us from certain fanancial doom. But we HAVE to do it the way the financial institutions want us to or they won't participate & they will let the whole world economy collapse out of spite. How very Taliban.

longt--- yes i forgot you republicans wont admit your god king george screwed this nation. also you all say get soem education or get some help or do your homework.. instead you could give proof or you just could tell teh truth and say yes we republicans made a big mess of things.

Seriously... John McCain will work with the devil himself to get into the whote House.

Man will it ever end? I'm tired of being mindful of my spending only for Congress to come along, bend me over a table, asking who is my daddy, while taking my money to give to the morons of this country. Enough is enough. Welcome to Socialism, folks.

uh um...I posted a solution and the upside is you do not have to act quickly. In fact,I recommend taking your time. lol

yikes----this isnt socialism this is nazism. socialism would benefit the working class and poor this only benefits the rich so it is nazism(republicanism)

I gotta tell ya, did you see Barney Frank talk about his deed in the mortgage mess yesterday? There is NO wonder why Fannie and Freddie FAILED UNDER HIS SYMBOLISM over SUBSTANCE liberal feel good policies. Not only did his LIBERAL policies of jamming bad mortgages to unqualified people destroy the mortgage business, he also DESTROYED THE LIVES OF THE PEOPLE HE THOUGHT HE WOULD HELP! But it's not like we haven't seen liberal policies do that before.

I'm not your daddy if that causes you less angst. But I did stay at a Holiday Inn last night.

THIS ARTICLE SPEAKS VOLUMES: "Democrats Franklin Raines, Jim Johnson, Jamie Gorelick, Penny Pritzker, Chris Dodd and Barney Frank are robbing the American taxpayer, and Republicans in the House and Senate had been tapped to drive the getaway car," said Michael Reagan.

“In a political system where well-paid Democrat operatives can enrich themselves at the expense of the American people with zero downside, there is no incentive to behave properly, when the taxpayer will bail you out. Enough is enough, bad decisions have consequences and those consequences ought to include indictments and jail time for those who cashed in."

DEMOCRATS ARE EVIL AND SHOULD BE JAILED!!! (And add John Kerry to the list. -- Like he needed more money.)

This is just another in a long line of swindles this government has imposed on us.

Yikes - socialism is for the benefit of all. THIS IS NOT SOCIALISM. This is going to benefit a few rich people greatly & the rest of us not so much. This isn't socialism, this is plundering.

bill---yes keep on with the denile. republicans control this country for last 8 years totally and befor ethat they controled the congress for 18 total years yet oh yes lets blame the democrats..you republicans are insane and america wont believe your lies this election. we will not elect a devil worshipping republican thsi time.

I agree with Juli An (and I hate to break it to you Juli but I AM a Democrat). This needs to be a plan to save us from economic collapse. I'm sorry if some people over spent on homes, cars and credit cards but I do not want to bail them out. Whatever is required to bail out those greedy criminal investment firms that are crippling our economy and causing most of us to lose a heck of a lot in the stock market - I get that. I don't LIKE it but I understand. I do want restictions on executive compensation, I do want criminal investigation of all involved banks and politicians & I do think some mortgage relief for those who are losing everything due to a terrible economy, job loss and foreclosure is warranted. But we can't, and shouldn't bail out everyone. BUY ONLY WHAT YOU CAN AFFORD.

Bill there is absolutely no context to your quote. Maybe you should git yurself to one of them there publicly funded schools & git yurself an edjumication.

whatashame | Sep 23, 2008 9:42:34 AM:

I agree.

These are the same fools that have been saying all year that things aren't that bad. Now they want $700B they say to fix the mess they didn't see coming. the first estimate is generally 1/3 the actual cost. If they are as wrong about this as they were about everything else, "WE THE PEOPLE" are really screwed. The couldn't stop this from happening and they can't fix it. Because of the current tax base which is 1/15 of our current expenditure, the US doesn't have $700B, and putting ink to paper at the federal reserve wont help. Are we going to borrow this in addition to the money to fight the war as well as all the other current debt this country owes. The US will soon be BANKRUPT in the world, and then what.