Money Beat

I say bail the industry out with the following requirements:

1. All Board Members and Auto management will receive no bonuses until loans are paid off.

2. All cars built for the United States must be built in the United States using parts suppliers from the US.

3. All car fleets will need to meet an average of 35 MPG per the passenger fleet. Industrial vehicles must have an average of 20 MPG. They have 2 years to meet this goal. Failure to meet this goal will require each industry to reduce upper management by a percentage point per MPG number missed.

4. All Auto unions contracts will be frozen with base pay assignments invoked which are based on the performance of the company.

5. All cars manufactured will provide a bumper to bumper warranty that covers 20,000 miles per year for 4 yeras.

6. 75% of all fleets must have a hybrid comparable design that costs no mor 10% of it's gas engine model.

The above protects this country and forces the three automakers to become competitive.

Reality Check. The bailout was so J.P. Morgan could buy banks and become one of the largest financial organizations in the world. Citibank tried, but can't get past the morgan vanguard of the new Change and Dem Congress. Who does Obama put on the economic advisory team? Yep, J.P. Morgan. I wonder if Obama does know he has sold his soul to the devil? As for me, I am so glad I will die soon. This economic slavery is way too much for me and I have no more blood to give to the real government of the US, the financiers and the Federal Reserve Bank.

Washington (Democrats and Republicans) aren't responsible for people taking out mortgages they couldn't afford and people buying on credit instead of saving and paying with cash. If you weren't financially responsible (individuals and corporations) then you should suffer the consequences.

the only way out is to fire each and every ceo or cut there pay to what they produce.

The public has lost faith in banks because bank CEO's have become too greedy and corrupt. Banks used to be a place to keep one's money for safe keeping. Now we know all the real money is hiding in off shore and numbered accounts, leaving the shell investments for suckers like John Q. Public. Something was remarkably wrong with banks when their second highest source of income were late fees and overdraft penalties instead of payments on loans.

I hope you don't die 2 soon clancy, but last time I checked I don't remember Chase looking around for a bailout i.e loan, that's not to say Chase is any better than any other bank, they all look to swindle the avg Joe at some point it is only to what degree that swindling takes place. People need more than just money, they need good paying jobs, not everyone took out loans they couldn't afford, but it doesn't take much to end up behind the 8 ball. Who here can guarantee that their job will be there for them for the nxt 20 or 30 years, or they won't get sick etc, most people probably were able to pay their bills etc till the rug was pulled out from under them. I don't like bailout money being used to bail out the big 3, but I don't like thousands of people being out of work either, which will only make this crisis worse.

one of the banks that got money from the bailout laid me off months ago because of the poor decisions mgmt made...so guess what, the bank ceo still has his job, also his own private jet. I saw where the big 3 auto ceos were in the news about their jets...why didn't the news people fuss about the bank ceos and their jets. I think that if a company lays off people, then they also have to feel the pain and lose all their bonus, past present and future.

Don't fall for the easy mantra of "we need more government regulation of the market!" We have suffered with the results of such meddling for the past 100 years under the privately-held Federal Reserve Bank, and it has bought us nothing but a century of inflation, artificial boom and bust cycles, and war. Our once mighty dollar has lost 98% of its purchasing power under the watchful 'guidance' of these jackals. This is the sort of help we cannot afford. Get rid of this criminal cartel at the Fed, remove their stranglehold over every aspect of our lives, and replace their worthless Monopoly dollars with ANYTHING as long as it's backed with something more substantial than unfulfilled promises and outright lies. Obama likes to fancy himself a new JFK- why not have him re-initiate the silver certificate program begun by Kennedy, specifically to wrest control from the banker thugs at the Fed and return it to the American people? Ask yourselves-- why are we paying one trillion a year in interest to some bank so they can print more worthless money?

We're still better off than the rest of the world. Just wait until Barclays goes belly up and the Bank of England tanks...just wait. The poop is getting ready to hit the fan and we'll all be in bread lines. Here comes DEPRESSION redux.

THE REPUBLICAN PARTY IS OFFICIALLY DEAD.

The Republicans couldn't get elected for dog catcher. There you go boys...you've effectively destroyed the party.

The party's over...turn out the lights!

Yeah...Prince smokinweed is going to invest in Citi. Lots of luck...sucker.

To: Alice Gomstyn

Just what we need, another Jerry Springer style reporter. Alice, if someone yells "fire" in a theater, they're usually thrown in jail. You're screaming, "FIRE" and that's exactly what you should be..."FIRED"!

FIRE PAULSON THEN PUT THE A-HOLE IN JAIL.

I'm not one of those nuts who sees a conspiracy around every corner, so why do I get the feeling we're being withheld so much information?

For example, the experts inviewed on 60 Minutes said it wasn't bad mortgages that sunk Lehman, etc, I was "Credit Default Swaps" which were touted as insurance but backed up by no real money and that CDS's were specifically invented to circumvent federal laws on insurance.

Tonight, the French equivalent of Sec. of the Treasury said on the news on PBS that a big problem is that Hedge Funds are not regulated in America and some other countries and without doing so, no one knows how much leveraging is being done - and she said that hedge funds were the nail in Lehman's coffin: it was involved in them a lot. Yet ABC News hasn't breathed a single word that I can recall about either Credit Default Swaps or Hedge Funds. If they are so centrally important, why aren't we hearing a word of detail about them in any of these news stories?

Strange and upsetting.

this sux....you suck.....give the money to the people and go from the bottom up..... obviously going from the top down doesn't work!!!!!

I'm convinced that this is yet another Bush Co insider hoax, lets see... a synopsis: controversial election, probably illegal, nothing happens for 110 days, flood! fire! famine! 911! - a thousand inconsistencies and failures then surface in the evidence as to who and why... Our Central government stridently insists we attack to Wrong country based on evidence that was seen as shakey at the time (I watch Deutsch Welle more than Fox...) after being mired in said attack other multiple scandals emerge - repeatedly emphasizing Bush & Co's willingness to lie.. another election, that really focused on the "Wartime" president, too much crap to re-visit... and now the housing market overheats (likey a legitimate situation, although Freddy and Fanny (read Gov't) are the triggers - then several banks are siezed... er "saved" nearly overnight and on, and on,... how credulous are we? This situation may have had real roots but its the Bush admins last giant ripoff and they'll still walk away, knowing that the people of this country are utterly powerless to hold any one responsible, or accountable - many countries have took to the streets for less in the past - me I'll keep some money in stocks - but bottled water and canned goods are good options too at this point- I hope Obama's team can keep our ship off the beach - but I think the market manipulators might simply have put the world economy out of control and we'll all pay for it. with much more than money.

Wow, there will be a real bank vacuum when they all are gone. So who's going to fill the void? If the fed funds rate goes to zero, and the fed is willing to allow many companies to become banks, then there should be plenty of newcomers on the scene.

If anyone is really serious about stimilating the economy, take the 700B and divide by the population of this country and give each individual their share, rather than bailing out those responsible for this mess. The recession would be over overnight if every man, woman, and child were to recieve a check for $200,000. Mortages would be paid, Detroit would be back selling cars, X-mas sales would rebound and people would once again be optimistic. Let those that created the problem suffer and give those that can fix it the tools to do so. The only problem is that the rest of us are to proud to ask for the money. Who are ther real Americans.

I think it's time to take all our money out of Citibank as soon as possible.

Jail for Paulson. Jail for Cox. Nothing else will make the markets bounce back.

We can not always capitalize the profit for wall streets and socialize the losses for Main Street. All failing companies should restructure for the 21st century global market by going for chapter 11 stage. Chapter 11 stage is not chapter 7 stage.

Chapter 11 stages was made by law makers for the same purpose that companies which are in bad shape can restructure themselves from all corners. Able to renegotiate the contracts, change the management, and get tax exhumations. Today all these industries are not competitive, chapter 11 will help these companies to reduce and renegotiate the cost of labor, real state cost, legacy cost, healthcare cost, retirement cost, ideal worker cost, access labor cost etc.

How many industry we can bailout Real state Industry, Financial industry, Auto Industry, Steal Industry, Timber Industry etc. We should see the long-term approach towards all these industries rather than short-term bailout approach.

Let’s call for a new world Industiral approch. Lean, smart and forward looking approch. Devil is in the details. We should focus on stake holder wealth creation rather than short term share holder gain.

Well, investors still have a fundamental fear of financial institution stocks because we still dont know how bad their balance sheets really are. Or how bad they will become. Much of their assets are loan obligations. In todays environment , you really dont know how many or how much of the loans a bank holds will be paid back. Thus low bank stocks.

to howwouldiknow, the market tanked 40% before the outcome of the election was known. plus,all Obama plans for the economy i have seen is to spur job creation. he is even considering postponing the tax increase on the wealthy 5% like he was proposing. i submit that these policies wall street would embrace, so just stop blaming Obama for the market meltdown. it is just not true.

to curtis hennings, i like your idea, but your math is off a bit. 700 billion to 200 million americans would be only $3500 per person, not 200k. But you are right that money needs to be injected from the bottom up, not from the top down. that has been the fundamental problem with everything the treasury and fed has done since the stimulus last summer. If you remember, that actually worked . These loans and bailouts really havent. If you inject money into the consumers hands, you solve myriad problems. Homeowners can get caught up on their mortgages and stay out of foreclosure. consumers can buy stuff which would keep retailers going. automakers could sell cars again. win win for everyone.

Yes they have bank have some bad assests but that doesn't represent a majority of the holdings. How many additional bad assest are the banks creating due to their failure act.
Take a leaf out of the UK a book and start passing some of these Interest savings to consumers which in time, will help consumers to cut debt, increase spending, promote growth and enable people to pay the additional tax that is now essential to bay back all these bailout loadns.

How is it that with the UK base rate at 3%, banks can afford to lend at rates just over 5% for periods up to 276 months !! On the same logic, why is it US Banks are unable to lend at circa 2% for 23 yr periods ! see link - http://uk.biz.yahoo.com/mortgage/index.html.

Clearly the current focus is limiting losses rather than promoting growth !