Money Beat

These nuts deserve the world they are going to get.

When you say "nuts" do you mean the protesters or the people running wall street and the white house?

These people are nuts. I work down in the Wall Street area and people's nerves are on edge. We have lives and families we are worried about and these people come down here and stage a joke. Make your statements elsewhere.

Peoples nerves are on edge on Wall Street! What do you think about the people that Wall Street has hurt? Don't you think we all have lives and families? What makes you so special? Try living on a fixed income after what Wall Street has done like many Americans!! Boo Hoo!!

No doubt, we are all feeling the pressure. I dont give a hoot about wall street, except for the fact that they are ruining common peoples lives with their little games that make them rich. It was all fun and games as long as they were makin the bucks, but now they are all boo hoo. Wall street people are the ones who have been playing the jokes on us. Now they are gonna act like they are so scared. I hope they all become homeless like Im about to be.

I'd support folks not expressing their civil rights there...... just as soon as our politicians agree not to send our money there.

Wall St. You mean the same folks who's illegal actions brought US into this mess. Cry me a river! Those banks should go BANKRUPT, reorganize and bring themselves back into solvency. Throwing taxpayers dollars to bail out investments from FOREIGN banks like Bank of Scotland, doesn't do a DAMN thing for Main St. OR help Wall St., but it will sure help out China's balance sheet! God help us if the people who caught caught stealing from Americans weren't reimbursed by those same Americans they STOLE from. Black is white, up is down, left is right. What world do you folks live in. Crashing the dollar just to bailout international bankers speculation in the credit/inflation scam is a recipe for economic suicide. But then again when you live in a place where you can buy your way outt of jail and get the people you victimized to pay the cost of their own victimization, then I guess you really are psychotic enough to work on Wall St. Or work for ABC News, or some other corporation who benfits from raping the public trust to fatten up their corporate bottom lines!

Enough has been made of Wall Street and Main Street .. there is plenty of blame to go around on both streets!

Sorry to break it to you but Wall Street was not the only one to cause this mess. All of those individuals (in small towns and large cities) that purchased 'too much' house and can't pay back their loans or are overextended on their credit cards, small business loans... helped get us into this mess. Of coarse let's not forget the extremely poor leadership in DC. So enough with the finger pointing at just Wall Street (and no I don't work there)!

This "bailout" debate is theater, another engineered "catastrophic event" public psyop. Consider the dialectic: 1) The Fed threatens economic disaster unless it gets a blank public check NOW; 2) the public actually rouses to express its instinctive outrage to its representatives, who vote "no" for the record; 3) the Dow drops an occult 777 points following the first time in memory the opening bell fails to sound; 4) the Fed and corporate media orchestrate much rending of clothes and gnashing of teeth, chastening the public for its selfish lack of vision; 5) a cosmetically altered "last chance" version is approved to universal sighs of relief. Mission accomplished.

Listen to Aaron Russo. Either he spent the last months of his cancer battle telling tall tales, or he is telling the truth. If the latter, then the frog had better hop out of the pot now.

http://michaelfury.wordpress.com/2008/09/24/as-wall-street-is-transformed-a-reminder-from-aaron-russo/

If one stops to think about it wallstreet has foreclosed on America. But can we foreclose on wallstreet? they get a bailout and America gets the shaft.

ANY POLITITION VOTING IN FAVOR OF THIS MASS THEFT---WILL BE VOTRED OUT OF OFFICE AND I WILL DO ALL I CAN TO ACHIEVE IT------LET THE THIEVES WHO CREATED THIS MESS DEAL WITH IT----AND MAYBE A LITTLE JAIL TIME WILL BE APPROPRIATE-----N-O-----B-A-I-L-O-U-T
PEOPLE CANNOT SAVE MONEY BUT THEY CAN BORROW BEYOND THEIR MEANS AND WE ARE TO PAY THE BILL I THINK NOT.

Unfortunately the "change" candidate for president, just went along with Bush, guess it doesn't matter who is the white house for the next 4 years, they will be equally incompetent. Why doesn't anybody ever mention that George Bush is a Harvard graduate with an MBA? Sure hasn't helped much.

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I can't believe these Armani suited thugs that I hope are soon to be broke and have to shop at Wal-mart blame Main Street for buying too much house? Last time I took a mortgage out and if I recall in economics class and just common sense that the lender was supposed to check the credit worthiness of a potential customer? Do you mean to tell me the lending institution is supposed to take my word that I can repay the loan? Who has the most if not everything to loose? If lender’s used that business model they should go under! What idiots and how did they graduate college or grade school with this mentality?

Oh, no. Only 60% of subprime borrowers can get car loan now. Dealerships are closing doors... or are they? Of course not, the questionable lending still goes on. Are we supposed to bail out the banks so they can continue with this circus?

The Birk Economic Recovery PLan

Hi Pals,

I'm against the $85,000,000,000.00 bailout of AIG.

Instead, I'm in favor of giving $85,000,000,000 to America in
a We Deserve It Dividend.

To make the math simple, let's assume there are 200,000,000
bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman
and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billon that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a
We Deserve It Dividend.

Of course, it would NOT be tax free.
So let's assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Put away money for college – it'll be there
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent's medical insurance – health care improves
Enable Deadbeat Dads to come clean – or else

Remember this is for every adult U S Citizen 18+ including the folks
who lost their jobs at Lehman Brothers and every other company
that is cutting back. And of course, for those serving in our Armed Forces.

If we're going to re-distribute wealth let's really do it...instead of trickling out
a puny $1000.00 ( 'vote buy' ) economic incentive that is being proposed by one of our candidates for President.

If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+!

As for AIG – liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.

Here's my rationale We deserve it and AIG doesn't.

Sure it's a crazy idea that the white house nor wall street would agree to.

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC.

And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned
instantly in taxes to Uncle Sam.

Ahhh....I feel so much better getting that off my chest.

Kindest personal regards,

Birk

A Creative Guy & Citizen of the Republic

PS: Feel free to pass this along to your pals as it's either good for a laugh
or a tear or a very sobering thought on how to best use $85 Billion!!

I dont think we all realise whats going please all take a breath and read about the great depression.

I am a regular middle class guy how took care of my finanaces and did not borrow to much. I for the first time scared.

The credit issue is real, I dont trust the US goverment but read up on Sweden or Denmark things are bad all over.

We are 1 week from the start of the second great depression.

Wise up people or we will be in for a hell of a ride. The last did not end until we have millions of dead in a second world war.

I hate this bailout but the other option is just not an option.

Alexa needs to redue the math on the Birk Economic Recovery Plan. Dividing $85,000,000,000 by 200,000,000 people over 18 is not $425,000 per person but $425. Big difference.

There are a lot of people buying up gold right now, they say its the best investment right now.

http://www.gold-investments.info/

This all began with deregulation of banking rules set in place after the Great Depression. This de-regulation happened in the Gramm/Leahy/Bliley Act of 1999. In 2000, the Commodities Modernization Act included 262 pages that de-regulated derivatives.

Phil Gramm was co-author on both of these Acts. He told us that we're all a bunch of whiners. He's now vice-chair at the swiss USB bank, the bank that is laying off 20,000 employees. Thanks Phil!

I'm an MBA in Finance from a top university who went into corporate finance (Main Street) after meeting the supremely amoral jerks who dreamed of working on Wall Street. I always though of them as the "killer." they salivated over the prospect of crushing the unions and lowering wages and thus generating more shareholder value.

What comes around, goes around, ;-)

Here is one for you...
Im 40, have worked hard since 15yo own my own house outright paid 225,000 worth 335,000 then 275,000 now. had combined 467,000 in retirement funds, now thanks to Countrywide (Indy Mac) I have 183,000 net growth -284,000. retirement probably around 75yo bail me out not them, please some one shoot the lame horse!!!

Fly that flag because as all the wall street execs and brokers bemoan their loses, us regular guys are losing our homes, our jobs and our 401Ks that we were told so dutifully to invest in.

Wall Street foreclosed on America.

Not just talk and wishful thinking, Vote for McCain Palin. They have a plan and it is not just talk....Real Reform Issues....Reform our Trade market which will eventually keep more jobs here....Reform Taxes, Pro-Growth Tax Policy, Innovation Tax Policy, it is Simpler, Fair, Pro-Growth and Competitive.......Health Care Reforms: To Reduce The Rate Of Health Care Inflation, To Make Health Insurance Innovative, Portable And Affordable......Reform Energy for America, Transform Electricity, Expand Domestic Production Of Oil And Gas, Addressing Speculative Pricing Of Oil and Lord knows we need to close the doors to those speculators opinions where they do not effect prices at the pump. Also, Transform Transportation and Building Efficiency.........Supporting Small Businesses, Lower Energy Costs to small businesses will help, also Controlling Health Care Cost for employees....... Taxes: John McCain's plan is Simpler, Fair, Pro-Growth, And Competitive.......Opening New Markets...I only covered a few and can not give you the details on each of these mentioned, you must visit the web page. The plan is right there for you to see. You do not need to ask someone on the board who can do it, visit this page. http://www.johnmccain.com/Undecided/WhyMcCain.htm

Before any help starts coming to Main Street we need to redefine the meaning of "low to moderate" income. I'm sick and tired of being stuck in the middle of the "low to moderates" and "rich." I think most people are like me. If we are not helped along with everyone else the whole of us will crumble. The nation and government has this class in a vice grip.

the only reason i am blogging lately is because i was the 1st wave of those who experienced what unfortunatly many on wall st will go thru. if you were like me you worked 24/7 for a company that went belly up, lost it all when new jobs and salaries can't sustain your investments. you will be in denial, you will be angry, even depressed, will not know what to do next and even give up. i'm happy to tell you that you will be ok eventually, and will accept whatever happens. you will realize that money is nothing when work and money is all i did for some time now. just take day at a time, keep it somewhat silent as you don't want to burden your family and it's ok to have less. only regret i have was the denial part as i pretended i would get back on track asap and should have taken advise to take it day buy day, eat (which is difficult when you are sick over what just happened) and you'll be ok. you will be ok. sorry to preach, it's just i feel bad for those that got used to a lifestyle and than there's no other match to keep up, and little by little it all goes away.im now looking forward to a simpler life, anyway, and will never work 24/7 again as i now plan on enjoying my future even if i no longer have it all.