Paulson, the architect of the bailout, also said that he will fight requests by Democrats to include a broader stimulus package in the bailout legislation.
---------------------------------

Yes, let's scare everybody into a quick decision.

U.S. Secretary of the Treasury, Henry Paulson is a Republican. He was also the CEO of Goldman Sachs, the company that forced Lehman out of business with short-sales and rumor-mongering. Lehman is the only company the Bush regime forced into bankruptcy while all the other Wall Street gang gets a bail-out.

Paulson has worked for Republicans his entire life -- as far back as the Nixon administration.

The Republican SEC Chairman, Christopher Cox was not asleep at the wheel. He deliberately left Lehman, Fannie and Freddie to fight off the rest of the Wall Street gang by NOT enforcing current laws on short-selling. When forced, he put in place some new rules that should have been made permanent. Instead, he let the rules expire. During the expired month which left the market unregulated, Lehman, Fannie and Freddie all failed. Immediately following these beat-downs of these companies, Cox made permanent the rules that would have saved them.

This is no coincidence. This is the Republican machine and cronism working as intended.

Just like in physical war, when it comes to financial battles, the Republican machine is as vindictive as ever. They have no shame. You're either with them or they will crush you in the name of protecting the tax payer.

Lord help us if the Republicans "deregulate" any other major industry and bail them out when the bubbles burst at taxpayer expense.

Obama/Biden 08!

Common Sense

Sure, it's all the fault of deregulation. Such a simple world you live in.

Vote for people who are voting against these bailouts! Every man woman and child in this country will owe thousands of dollars to bail out people who knew they were taking a risk - from homeowners to stock holders, That's what risk is all about. You just might lose your money. This is a slap in the face to every person who did not take the risk.

Barack Obama has been exposed as being bought by corporate America.

Obama's support of the bailout - which is equivalent to a transfer of wealth from the lower and middle classes to the wealthy - is testament to the fact corporate USA - hedge funds, Fannie Mae (where an advisor of his was the head), and financial institutions generally - own him.

Barack Obama has never done ANYTHING for the lower and middle classes in America, and this latest move of his shows that.

Obama = Bush = help the rich

Common Sense,

If you are so against bailing out the wealthy you should NOT vote for Obama.
McCain opposed these government bailouts, Obama supported them.

Maybe Jim Johnson convinced Barack this "needed" to be done.

Obama: Paid for and endorsed by corporate America.

Obama = bailouts. plain and simple.

At the end of the day, Obama's past associates read like the nations most wanted. This guy is just plain crooked and even his most ardent supporters have to change the subject when his past comes up for debate. Easier to change the subject than to defend the shallow one.

Now, he's broadened his list of greedy thugs to include those large companies who funded him well -- AIG, Lehman and the rest! Obama is beholding to the entire lot!

Not giving in to Dems on helping homeowners (which everyone except Paulson & Brnanke know is the only thing that's really going to fix this), but at the same time giving in to every foreign bank with US gov help, therefby making it absolutely pointless to be a US bank. Is this guy kidding?

I don't believe him that this is urgent anymore. If it was really urgent then he wouldn't be so unreasonable.

1st trillion
Mccain Keating S&L deregulation fiasco

2nd trillion
McCain bush fight for the Iraq War

3rd trillion
Mccain Gramm deregulation fiasco again

how many trillions does this guy have to be somewhere in the mix with before we say...

"oh you know what...we probably shouldn't give him the keys to the kingdom and it's economic engine?"

Morons and very bad people do not connect the dots.

and yes...the buck stops...not with Bush and mccain

the buck stops in history and shall be blamed on the people who voted for them.

FYI

They used these same arguments that some are using now to get us into this hole and keep their tax burden only growing at half of the rate (just as it has for the last 40 years) redistributing that burden up...because of "trickle down economics"

guess what?
Trickle down economics has had no effect in the long run on either direction of our economy.

The argument itself is unproven and is a campaign it's a scam/trick that has successfully fooled us.

all trickle down economics does is make sure the priority is on the rich

and not where our engine is

what they don't tell you is that is the middle class has more money to spend that creates more need for business and more spending.

it works both ways liars.

This is so wrong.

Let's see we can help homeowners not default on the loans, or watch the homeowner default and help the banks.

I know let's just give the money to the banks. Welfare for the rich again. No accountability, rewards for a lazy day's work, redistribution of wealth to the wealthy.

This is a crime. How can we trust the liers that CAN NOT seem to get anything right. No bail out no way . Protect USA . There clowns all need to go .NOW

New McCain talking point is apparently to blame Obama for the bailouts - yeah, right - remember this is Bush still in charge.

Look what this frickin MORON Bush/Cheney administration has turned this country into - a divided country, that starts pre-emptive wars, raises our debt, spies on its citizens, tortures foreign 'combatants', installs an alarming new level of socialism (government now owns banks/mortgages/insurance), and then (in true fascist form) tries to use fear to scapegoat so-called 'enemies within'.

This whole thing is crazy and you guys are not fooling anybody around here with even a quarter of a brain.

"President" Paulson is evading all of George's questions regarding the Investment Banker Bailout plan. What about those in foreclosure or individual bankruptcy and limits on executive compensation.

WHAT ABOUT ME I'M IN FORECLOSURE AND I CANNOT GET HELP IN BANKRUPTCY. THE GOVERNMENT IS DOING NOTHING FOR ME.

WHAT ABOUT ME THE REGULAR TAXPAYER????

Paulson will find that his intentions of bailing out Wall Street and letting the Americans who have bad Mortgages to fend for themselves, is something Obama will not allow. I say Obama should still push his economic/social agenda through.

Either the working class is included in the bailout or no deal!

I have it on very good Authority that when Credit is flowing freely again the Market will rebound. Thus the Govt. intervention would not be so drastic, However regulating the Banking, Energy and Real estate industries must happen within the next year!

It is really time to put Americans First.

The bail-out is a scam. As an American taxpayer I am against giving one cent to bail-out a foreign company. American jobs have been sent overseas and we have Americans who have lost their houses and their jobs sleeping in tent cities and sleeping in their cars and Washington is going to give taxpayer's money to bail-out these greedy corrupt people so they stuff more money in their all ready bulging, greedy pockets. We need more hocckey moms sent to congress to replace the greedy rable we have there now.

So let them pay for it.

JA,

"If you are so against bailing out the wealthy you should NOT vote for Obama.
McCain opposed these government bailouts, Obama supported them."

U.S. Secretary of the Treasury, Henry Paulson is a Republican. He was also the CEO of Goldman Sachs, the company that forced Lehman out of business with short-sales and rumor-mongering. Lehman is the only company the Bush regime forced into bankruptcy while all the other Wall Street gang gets a bail-out.

Paulson has worked for Republicans his entire life -- as far back as the Nixon administration.

The Republican SEC Chairman, Christopher Cox was not asleep at the wheel. He deliberately left Lehman, Fannie and Freddie to fight off the rest of the Wall Street gang by NOT enforcing current laws on short-selling. When forced, he put in place some new rules that should have been made permanent. Instead, he let the rules expire. During the expired month which left the market unregulated, Lehman, Fannie and Freddie all failed. Immediately following these beat-downs of these companies, Cox made permanent the rules that would have saved them.

This is no coincidence. This is the Republican machine and cronism working as intended.

Just like in physical war, when it comes to financial battles, the Republican machine is as vindictive as ever. They have no shame. You're either with them or they will crush you in the name of protecting the tax payer.

Lord help us if the Republicans "deregulate" any other major industry and bail them out when the bubbles burst at taxpayer expense.

Obama/Biden 08!

CONGRESS AND THE BUSH ADMINISTRATION ARE ORCHASTRATING THE BIGGEST RIPPOFF IN AMERICAN HISTORY Congress and the Bush Administration are rushing to pass a bill that will cost each and every household almost $10,000 apiece . (adding insult to injury is the fact that over 40 percent of filers pay zero income tax ). The Wall Street PR machines have been working overtime all week trying to set the wheels in motion. The reason: They are afraid of the revolt that would otherwise come out about how reckless they were in participating in the THEFT OF THE AMERICAN DREAM. The reason the bill is being put forth with a specific provision EXCLUDING ANY FUTURE COURT REVIEW OF THE DEALS is because they are afraid of the backlash from the American people that would come from the resulting debate in open court. There are actually less than a dozen politicians in congress that haven’t received campaign money from the all powerful Wall Street Lobby. The truth is the bill deserves to be debated in open session on the floor of congress. One only needs to look at the recovery posted on Friday to understand that the argument that the legislation needs to be passed before the markets open on Monday is false. The American people deserve the truth. The truth never needs to hide in the shadows. The markets will respond positively to the Full Open and Honest Debate. We have to stop rewarding GREED and DECEIT. If you believe in your country now is the time to stand up and be heard.

At the end of the day, Obama's past associates read like the nations most wanted. This guy is just plain crooked and even his most ardent supporters have to change the subject when his past comes up for debate. Easier to change the subject than to defend the shallow one.

Now, he's broadened his list of greedy thugs to include those large companies who funded him well -- AIG, Lehman and the rest! Obama is beholding to the entire lot!

Your comment is awaiting moderation.
This “The Next President” program needs to be advertised more aggressively, added to the “ticker” and in other media outlets. It doesn’t even show up on Google’s main page today and isn’t being discussed in the blogosphere. It would also be nice to offer a post-analysis of the remarks made during the program.

The economy is important but given that the first debate on Friday will address foreign policy issues; the public should also be paying attention to what these former statesmen and stateswoman have to say.

It seems to me that we can deface the Presidency, suprevene the Supreme Court throw our billions away, all in the blink of an eye, but CANNOT change the hateful STUDENT LOAN BANKRUPTCY LAWS.

IT STINKS

"
Obama = bailouts. plain and simple.

Posted by: Kitty | Sep 21, 2008 9:42:52 AM"

KITTY can you please cite your source ? Because I cant find anything obacking that up, all I found was an article by the AFP about 20 hours old... :
"Barack Obama and John McCain both said Sunday they would study the proposal and work across the political aisle, following the US government's request to Congress for clearance to buy 700 billion dollars in distressed mortgages.

Obama spokeswoman Jen Psaki said the Democrat would be working with President George W. Bush's administration and Congress to ensure the plan relieves hard-pressed workers, not just company bosses and shareholders.

Obama wants the eventual package to be "part of an overall plan not just for Wall Street but for Main Street, that it protects taxpayers to the fullest extent possible, and that it helps homeowners stay in their homes," she said.

McCain said: "This financial crisis requires leadership and action in order to restore a sound foundation to financial markets, get our economy on its feet, and eliminate this burden on hard-working middle-class Americans."

Pledging also to review the full document and eventual changes ordered by Congress, McCain touted his plan for a "Mortgage and Financial Institutions" trust following a raft of hefty government bailouts of tottering companies.

Such a trust "would proactively resolve troubled financial institutions, enforce discipline on management and shareholders, and minimize the burden on the taxpayer," the Arizona senator said in a statement."

The private sector cannot price any of these illiquid toxic assets yet the taxpayer will be buying them up at a "discount" eh? This is not a republican or democratic problem, there is plenty of blame to go around to members of both of these corrupt parties.
Plenty of ties to both the Bush and Clinton administrations. You partian hacks who simply want to blame one party are economically ignorant and frankly quite pathetic.

The quickest way to recovery is for these assets to be liquidated through the market with NO government intervention. Banks need to fail... Lots of them. There is going to be pain regardless...

Call your corrupt congresspeople and tell them No!!! Unless you are happy mortgaging yours, your childrens, and your grandchildrens futures. Give up on this partian bullsh** and stand up as an American!

Why don't we just bail out every bank in the world ? After all, they all have an impact on the American economy in some small way ? Is there no one left who cares about the middle class working people who pay for this outrage ?

More evidence that the Conservatives are anything but supporters of Capitalism. Apparently, none of them have read Atlas Shrugged.

Wake up America! What happened last week? George Bush flushed us down the sewer like a drug deal gone bad. What we are BAILING OUT is George Bush and his years of failed policy and bad decisions and he's handing YOU the bill. Wake up, stand up and vote OBAMA!

Djr - nice how you paint all conservatives with a broad brush. Many of us REAL conservatives are quite familiar w/ all of Ms. Rand's work. Many of us REAL conservatives have NEVER supported these NEO conservatives.

Diana - you wake up! For you to imply that Obama and the neo libs are any better than the neo cons is pathetic.

Good luck.

"I'm confident that we’re going to win this thing," Obama said during a fundraiser in Miami on Friday night."I’ll tell you, we can win this thing without Florida, but boy, it's a lot easier if we win Florida. If we win Florida, it is almost impossible for John McCain to win."

I'm quoting cocky Obama. He should have just said "I'm asking for your support and help me win this thing".

He mostly won the red states during the primary, and lost PA, OH, NH, NM, FL to Hillary. 30% of Hillary supporters are not voting for him but are counted as Obama's in polling. SO if the pollings are close, how could he win this thing. Last time I checked, the red states he won are still red.

DO THE MATH LIBERAL BLOGGERS.

I don't care who'se fault it is... I care about how we're gonna fix it....

"The Treasury Department sent Congress legislative language last night asking for broad authority to buy assets from U.S. financial institutions. The request is just two-and-a-half pages"

TWO and A HALF PAGES???????

How much more socialistic do you want your country to be? The government creates the problem then the government solves the problem. How? FEAR is how you sheep respond to wolves. WMD's and terrorism = loss of liberties. Financial crisis = government owned financial services.

At least the Chinese are not trying to keep it a secret. The US is doing everything behind closed doors and using the right hand to do one thing and the left hand to do another.

All you people are left fighting the ideology wars that they perpetuate while the corporatist leaders and oligarchs get more and more powerful.

As for the Republican voters out there, as far as I'm concerned the only thing I am hearing you say is "baaaahh" "baaahh."

JV There are a lot of conservative Republicans(regular people and Senators) who oppose the financial bailouts. We're not afraid to admit when the Rebilcan party has messed up.

Diana And both McCain AND Obama are going to go along with it.

djr And you point is ... ?

Where is Dr. Paul?

DeanBob I commend you!

However, I've been asking for sources from which we are asserting that both candidates are going along with it; since all I've seen is that they'll "study it" and really, what's there to study? since the Federal Government says they are "keeping it simple" so it can be changed later... scary...

GIGI I admit it's easy to get caught up in the emotion and it is sooo easy to lose sight of WHAT is right, not WHO.

i am very glad to see the DEMORCATIC congress say NO to the REPUBLICAN fatcat bailout plan .

this is ,as Common Sense pointed out , a republican "plan b" for dealing with a probably democratic majority government.

the republican strategy when losing or losing is probably imminent = light the oil wells ,burn the bridges ,tear up all the infrastructure and then when the new leadership does finally take over they have less than nothing to work with , and are forced (by the pathetic economic and financial situation they inherited from the money grubbing republicans) into some kind of republican sweetheart deal just to get the country where it can operate in any sort of fashion...

republican posters constantly are posting these "facts" they get from drudge or worse fox network. the other "facts " they post never seem to have any reference to any check able reference sources . they nauseatingly complain/whine when a fact doesnt suit them , and like this instance , try to spin something obviously pertinent into
"oh who care.. or " why is this news"?

ITS NEWS BECAUSE 95% OF AMERICANS DONT OWN 13 CARS OR SO MANY HOUSES THEY CANT REMEMBER ,THATS WHY ITS NEWS YOU MORONS!!!
thanks for reporting the important stuff abc news ,keep digging. thars gold in them thar mccains!!

bah Where are your facts to back up your complaints?

the truth of the matter is that WE need to stop arguing about who has more cars or who is an elitist or whose' daughter is knocked up and look up and face the fact that the sh** has hit the fan and we need to WATCH OUR LEGISLATOR'S EVERY STEP BECAUSE THEY ARE TRULY MADLY PLAYING WITH OUR FUTURE AND THE FUTURE OF OUR CHILDREN.

THIS IS NOT a partisan issue, THIS IS AMERICA'S ISSUE AND IF WE ARE NOT UNITED, WE WILL CRUMBLE.

We'll point fingers later, TRUSSST ME I know one future "former vice president" that has at least about a dozen charges of crimes against humanity, war crimes, and breackage of seveal acts and pacts WAITING FOR HIM TO STEP DOWN... so forget that, LET'S FOCUS ON NOW!

GOD BLESS AMERICA! ALL OF IT!

Bah,

The democratic congress is against this latest bailout, eh? Wait until you see the votes cast and you'll then see how foolish you actually are.

Both of these corrupt parties will overwhelmingly support this corporate welfare and both of these corrupt parties are responsible for where we are today.

Good luck.

ClassicalLiberal While there are probably a few good men on both sides of the aisle, I can't speak for the rest of Washington?

ENLIGHTEN US...
please?

Thanks to Mark Levin:

The Community Reinvestment Act (or CRA, Pub.L. 95-128, title VIII, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law that requires banks and thrifts to offer credit throughout their entire market area and prohibits them from targeting only wealthier neighborhoods with their services, a practice known as "redlining." The purpose of the CRA is to provide credit, including home ownership opportunities to underserved populations and commercial loans to small businesses.
The CRA was passed into law by the U.S. Congress in 1977 as a result of national grassroots pressure for affordable housing, and despite considerable opposition from the mainstream banking community. Only one banker, Ron Grzywinski from ShoreBank in Chicago, testified in favor of the act. [1]
The CRA mandates that each banking institution be evaluated to determine if it has met the credit needs of its entire community. That record is taken into account when the federal government considers an institution's application for deposit facilities, including mergers and acquisitions. The CRA is enforced by the financial regulators (FDIC, OCC, OTS, and FRB). In 1995, as a result of interest from President Clinton's administration, the implementing regulations for the CRA were strengthened by focusing the financial regulators' attention on institutions' performance in helping to meet community credit needs. These changes were very controversial and as a result, the regulators agreed to revisit the rule after it had been fully implemented for five years. Thus in 2002, the regulators opened up the regulation for review and potential revision.
[edit] Clinton Administration's Changes of 1995
The Clinton Administration's regulatory revisions [1] with an effective starting date of January 31, 1995 were credited with substantially increasing the number and aggregate amount of loans to small businesses and to low- and moderate-income borrowers for home loans. Part of the increase in home loans was due to increased efficiency and the genesis of lenders, like Countrywide, that do not mitigate loan risk with savings deposits as do traditional banks using the new subprime authorization. This is known as the secondary market for mortgage loans. The revisions allowed the securitization of CRA loans containing subprime mortgages. The first public securitization of CRA loans started in 1997 by Bear Stearns. [2] The number of CRA mortgage loans increased by 39 percent between 1993 and 1998, while other loans increased by only 17 percent. [3] [4]

[edit] George W. Bush Administration's Proposed Changes of 2003
In 2003, the Bush Administration recommended what the NY Times called "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago." [5] This change was to move governmental supervision of two of the primary agents guaranteeing subprime loans, Fannie Mae and Freddie Mac under a new agency created within the Department of the Treasury. However, it did not alter the implicit guarantee that Washington will bail the companies out if they run into financial difficulty; that perception enabled them to issue debt at significantly lower rates than their competitors. The changes were generally opposed along Party lines and eventually failed to happen. Representative Barney Frank(D-MA) claimed of the thrifts "These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." Representative Mel Watt (D-NC) added "I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing."

[edit] Changes of September 2005
Among banks and the regulatory agencies, there was a consensus that data collection, recordkeeping, and reporting requirements imposed a heavy burden on small community institutions. As a result of a 2002 review of the CRA regulations, and revision of an initial Federal Deposit Insurance Corporation (FDIC) proposal following a public commenting period that was largely negative, the FDIC, Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board (FRB), made substantive changes to the implementation of regulations for the CRA for banks (not thrifts).
Previously, all institutions over $250 million in assets were subject to a three-part CRA test that covered lending (including community development loans), qualified investments, and services (including community development services) to their assessment areas. Institutions less than $250 million were subject only to a lending test.
However, as of September 1, 2005, only those institutions with more than $1 billion in assets were subject to the three-part test. Institutions below $250 million remain subject to only a lending test, and a new CRA test was created for institutions with assets between $250 million and $1 billion. This latter category, referred to as Intermediate Small Banks, is subject to the same lending test to which institutions under $250 million were subject; along with a new combined community development test that covers community development loans, qualified investments, and community development services. The $250 million and $1 billion asset thresholds also were indexed to the consumer price index and could change annually. Thus, all institutions remain subject to the CRA test. These substantive changes were intended to be a compromise between changes advocated by banks and community groups.
However, the changes were not received positively by all community groups. Changes to tests conducted on the Intermediate Small category were viewed by some as decreasing the institutions' obligations to meet lending requirements of low- and moderate-income households. Racial inequities in mortgage acceptance rates (as reported by Inner City Press, the National Community Reinvestment Coalition, ACORN and other groups) are cited as a primary reason to maintain or even increase the scope of the CRA.

Bail out Republi-con foreign friends.

But do not bail out Americans losing their homes.

And don't bail out veterans sleeping on the streets.

And don't bail out America's unemployed!

And don't bail out American students who are trying to raise American educational standards, etc, etc.

Still some Americans will vote these selfish, self-centered and greedy traitors into office over and over and over to ruin America, as
if they are masochists.

I don't doubt that are a few good people on both sides of the aisle...the problem is that they are "few" and far between.

I'm very tired of this party loyalty, party defending and party attack rhetoric by the vast majority of the electorate. That is NoT the recipe for REAL change that this country so desperately needs. We need less allegance to parties and more independent critical thinking to make meaningful progress for a prosperous future for everyone, IMHO.

Good luck.

If we are going to place blame for the mess we are in let's start there:

Franklin Delano Raines (born January 14, 1949 in Seattle, Washington) is the former chairman and chief executive officer of Fannie Mae who served as White House budget director under President Bill Clinton.

The son of a Seattle janitor [1], Raines graduated from Harvard University, Harvard Law School; and Magdalen College, Oxford University as a Rhodes Scholar. Raines was of age during the Vietnam War, but performed no military service. He served in the Carter Administration as associate director for economics and government in the Office of Management and Budget and assistant director of the White House Domestic Policy Staff from 1977 to 1979. Then he joined Lazard Freres and Co., where he worked for 11 years and became a general partner. In 1991 he became Fannie's Mae's Vice Chairman, a post he left in 1996 in order to join the Clinton Administration as the Director of the U.S. Office of Management and Budget, where he served until 1998. In 1999, he returned to Fannie Mae as CEO, "the first black man to head a Fortune 500 company."[1]

Source: Wikipedia

Everyone should read John Lott’s article “ANALYSIS: RECKLESS MORTGAGES BROUGHT FINANCIAL MARKET TO ITS KNEES” (http://www.foxnews.com/story/0,2933,424945,00.html). It talks about how the Clinton administration REQUIRED lenders to make the bad loans that have brought about our current crisis.

In the article it also mentions: The Wall Street Journal quoted Congressman Barney Frank in 2003 as criticizing Greg Mankiw, chairman of President Bush's Council of Economic Advisers, "because he is worried about the tiny little matter of safety and soundness rather than ‘concern about housing.'"

DeanBob. Thanks for a very informative post. Of course it is full of facts and that will just confuse about half of the population.

professorj You're probably right. But I am hoping those who seek the truth may have the opportunity to. In truth it still took Republicans crossing the aisle to abet the situation.

deanbob ,post all those "fact" you want ,thanks for the republican editing as well. i dont know exactly what you were tying to prove exactly really...

so what youre trying to imply i guess , is that the republicans were trying to fix fannie mae and freddie mac eh? or the democrats didnt let them fix it?

how did the democrats do anything? they have been in the voting MINORITY for 20 years you buffoon. these problems are REPUBLICAN problems because THEY HAVE BEEN IN CHARGE TOTALLY...DONT THE DEMOCRATS ,THEY HAVENT PASSED A REAL DEMOCRATIC BILL (without republican sweetheart bridges to nowhere that is) IN 20 YEARS.

face it deanbob and the rest of you republican dreamers... stick a fork in the republican party because its done. toast that is...

11/04/08 = DONE!!

"5] This change was to move governmental supervision of two of the primary agents guaranteeing subprime loans, Fannie Mae and Freddie Mac under a new agency created within the Department of the Treasury. "

like the nc representative said ,thats just a republican shell game ,what does it really do? i will tell you what since youre so dumb .

that was 13 YEARS AGO!! lol!!
why are you blaming clinton? the problem is that INVESTMENT BANKS BOUGHT UP THE BAD DEBT...THATS CALLED GREED.

read some different newspapers/news sites once in awhile and get your head out of fox news and drudge for 3 seconds.

No money for foreign firms. No money for golden parachutes. If you're gonna bail out the fat cats, take care of us commoners, too. No matter how big a hurry they're in, they need to do it right. Our children will be paying for this.