Stocks Take Historic Fall As Bailout Plan Fails

[marceads]

Where is Barney Frank? I sure would feel better if his fat ass would waddle out and reassure us again. Nancy Pelosi should gather up the tablecloth that she wore for the last president's address and hole up back under the rock that she was spawned under. What a regular bunch of misfits we have working for us now. The next immigration crisis will be people with average IQ's or better fleeing from the US to Canada. Wake up people...the wolves are in the henhouse.

[Rcoxx4u]

America you're DONE!

[konman001]

Stock market yesterday dropped almost 700 points (about 7 percent) which accounts for roughly $879 billion in investments (more than the 700 billion dollar bailout proposed by Bush IN A SINGLE DAY). Japan, though, took even a worse beating....it lost over 900 points which accounts for roughly 12% of the stock value (vs 7% in USA).

[IronJustice08]

How about this for a "bail out plan"

Since 700 billion is the total compensation of bonuses and parachute packages rewarded to these CEOs who caused this, I sign a law that every nickel is returned to cover this. Sell their assests, retirements, 401k, savings in exchange for a lighter jail sentence. The only difference between those swine and the Gambino crew is they ran banks and lending institutions.

[zupf]

Associated Press, where is the report of the market imploding after the bailout bill passed?

[mijgnivets]

because ordinary taxpayers...as much as I hate to say... are the sheeple that follow the big news swingers of the media... they generally are scared to go the path without leadership. Thus our leadership preys on this for their own benefit and most of us follow suite. As example... the sheeple bitch we scare them of cutting off their feed...thus they cave in and we win....LEADERSHIP! WE all could do something about it if we ALL stand as one...unfortunately this is only in the movies

[solisjose1910]

this is the beginning of the end of the collapse of the USA economy. i predict it will be in nov,2010 when it will implode and will open the door for the north american union.

[guitardude598]

Why should ordinary tax payers give their hard earned money to banks who are irresponsible and give money to people who can't pay for the loan in the first place??? Thats my opinion. If you disagree with my opinion, please do not insult me, I wanna hear your opinion.

[solisjose1910]

this was masterplaned years ago when when G.W.Bush grandfather(US senator Prescott Bush) was buissiness partner with hitler all leading to a one world goverment.they have think tanks that study ways to make a one world goverment.

[IronJustice08]

guitardude-in short, without the assistance of the "ordinary tax" payer dishing out another handout, how else will these buffoons continue to be irresponsible? God forbid wallstreet crashed and the rich share a cardboard box to live in with the rest us us "ordinary people" they have been screwing for decades-hope that helps.

[trent079]

Was minority home ownership worth all this mess?

[1911arthur]

A trillion in the end! That is a check for every head of household(family), for $100,000Give us the money not the greedy bankers!

[Brian211978]

McCain is screwed now! OUR NEW PRESIDENT!!!! BARRACK OBAMA!!! WOOT!

[17Revolution76]

He has agreed to further rape your wallet.

Congratulations, you've chosen the lesser of the two evils.

[AjaxAmsterdam023]

I can understand that the Americans don't want the bailout. Why does the tax payer have to pay 700 billion for the mistakes for that stupid people on Wall Street? But some people here seem to forget that the economy went wrong under Bush (a republican) and the stupid bailout plan is a republican plan. That you people don't like liberals is you're oppinion but to blame them for everything that is wrong is so pathetic. So, don't blame the democrats for something that went wrong under Bush.

[mattmatt115]

THE MISTAKES!? WOW! That statement is an insult to ALL of humanity's intelligence!

These were not MISTAKES, these were CRIMES AGAINST THE MIDDLE AND LOW CLASS!

ENORMOUS financial crimes of FRAUD, DELIBERATE mismanagement of mortages, DELIBERATE timing of all of this.

Now these blood sucking fools hold their money filled hands out to American tax payers after 15 years of fucking them in the ass, WHILE BEGGING THEM FOR MORE MONEY!

THE BAILOUT WILL ONLY PROLONG THE INEVITABLE MARKET CORRECTION!

[mattmatt115]

Now dont get me wrong the Bush Regime is partly to blame for this for not enacting a SINGLE law to control the insanity of Wall Street preventing people on social assistance from aquiring $500,000 NON-ASSET BACKED LOANS TO BUY A HALF A MILLION DOLLAR (INFLATED PRICE) HOME

The war in Iraq has only worsened the situation to the brink of destruction. The only way to fix this is to let the blood suckers drown in their own mess, put them in jail and the middle class will suffer albeit

ALOT less

[1olddavid]

I know! Let them leaches die in their own inflated stupidity. We need to let this inflated garbage come down. The market will win out eventually. These manipulating, extorting, liars need to be brought down into the poorhouse. Bring it all down!!!!! Gold people..GOLD!!!!!!

[1olddavid]

They're all the same my friend. All lapdogs of the money printers.

[kungfool101]

Recession is unavoidable, but the US's real strength comes from the from the rest of the world's willingness to hold their savings in USD, and to conduct their trade in USD. The USD is appealing because its stability. WE MUST TAKE THE HIT rather than destabilizing the dollar. If the rest of the world loses confidence in the dollar it's not going to be a recession, it's going to be OVER for the US, and great for the next nation/union whose currency becomes the new international standard.

[zebbb77]

BYE BYE AMERICA...YOU WONT BE MISSED!!!!.....THE WORLD IS ALREADY CELEBRATING!!!

PARTY AT MY PLACE TONIGHT 9pm...Entry fee 100$ (dont worry...100$ wont be worth shit by next month....lol) Comies & Taliban are Welcome!, No Dogs, No Zionists Welcome

PS. Oh dear....Aparthied Israel is in deep shit without US Financial Backing.....LOL

[369gx]

¿Qué?

[luisfcayo]

Meh... Who said a recession is bad? Its about time we had a recession, people have to much financial freedom. Too many people living out of their means with credit. People need to educate themselves when it comes to their own finances, invest smarter without loopholes.

Peole will start saving from now on, so...

Drops your cocks and grab your socks boys.

Besides a recession here would be nothing compared to a recession elsewhere, too many foreign investors depend on our economy.

[ray8up]

Well Said, we have taken too much for grantid even though this is a great country. We shall survive as always.

[BillSalem]

More Republican horse hockey! "Ya'll live within your means, hear?" Spare us the sermon.

How about the people who have been saving, brown bagging their lunches to put a few more bucks in their 401K??? So now their savings go down the crapper because the bankers and CEO's making obscene salaries have run this entire enterprise into the ground.

Hereafter, we will have regulation and oversight that will make Phil Gramm's head explode. No banker will be trusted anywhere near money.

[raden0887]

its all part of the master plan, theyre schemers, me? im a dog chasing cars... :)

[rjlowe131]

The plan would only work if every american did as you say. Sad to say that only a small percentage would actually act responsibly. the others would drink, snort, shoot, waste, party away the rebate and would be in worse shape than they were when they started.

A solution is to start by hanging Pelosi by her testicles and beat the holy shit out of her. The ignorant bitch. Democrat majority and she blames republicans for not voting it in. She set that up. Hey maybe she can write a book about this.

[raden0887]

not just pelosi, all of them, including the CEO's of these corporations. this is close to walking on the edge of a knife, and things are just getting more interesting.

[chuckp12]

Im against the $85,000,000,000.00 bailout of AIG. Instead, Im in favor of giving $85,000,000,000 to America in a "We Deserve It Dividend".

To make the math simple, lets 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 billion that equals $425,000.00.

[90210bt]

What would that do to inflation and devaluing the currency

[tamahola]

Chuckp12 i like the fact that you are thinking man, im not sure if ur ideas are possible but i likt people who think and hopefully you are able to act.

[aisidun]

$85,000,000,000 divided by 200,000,000 people is $425 per person, not $425,000 per person.

It might be a better idea to spend that money fixing the USA's obviously broken education system.

[chuckp12]

my bad...800 billion...not 85...I must've been preoccupied with what my taxes would be if Obama were elected.;-)

[marniespeaks]

Now Traders know how farmers and factory workers felt

[chuckp12]

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 lets 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.

[chuckp12]

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

[chuckp12]

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 itll 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 parents medical insurance health care improves

• Enable Deadbeat Dads to come clean or else

[chuckp12]

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 were going to re-distribute wealth lets really do it...instead of trickling out a puny $1000.00 (vote buyeconomic incentive that is being proposed.

If were going to do an $85 billion bailout, lets bail out every adult U S Citizen 18+!

[chuckp12]

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.

Heres my rationale. We deserve it and AIG doesnt.

Sure its a crazy idea that can never work. But can you imagine the Coast-To-Coast Block Party! How do you spell Economic Boom?

[chuckp12]

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

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

[bobbytiger]

Way to chuck Madam Speaker. Your partisan "leadership" galvanized the House again, including almost 100 of your own party to sink this horrible bill.

ps. Another shot of botox might be in order. You look like Hell.

[maozedongsays]

Why do they need to save the banks? They should give the money directly to American people.

[jimitl5]

"Why do they need to save the banks? They should give the money directly to American people. "

Yeah why?? Oh yeah businesses hold there money in many banks that pay your paycheck. That could be a problem if the banks fail. Nevermind.

[atwyatt]

Another feather in the Bush hat of fail.

As Donald Trump said, success is a matter of management (and promotion.) George Bush is a terrible leader, and an idiot, so it's no wonder why the country has gone downhill for 8 years.

In business, we can at least fire the bad manager. In the leadership of America, we have to let the bad leader run their course for the full 4 or 8 years. :/

[GagnezTV]

Bonny is hot...

-G

P.S. Bailout the taxpayers not wallstreet...

"All I Ever Wanted Was To Do Right (Riiight)"

[2004JETTA]

may god help us all whether u live in the USA or not

[videoaccess001]

I don't like these traders or the greedy people who ask them to get as much as they can for their benefit(ie. ceo's, investors, stock holders). Capitalism is bad when it's done without consideration of Americas best interests as a whole.

With this most recent drop in stocks it just shows the amount that Wall street relies on the government to keep the economy afloat. It's not their job to make people money!

And again Democrats liberal perspective comes through in this vote.

[handsomejfp]

may God help USA!

[neotoy]

Jump you fuckers!

[WorldWideNewsToday]

Democrats wanted to vote for a bill that would make us the American taxpayer vote for it and Republicans wanted wall street or the government to pay!

Thank you republicans not voting for this bill

[aisidun]

Republicans introduced the bill, and McCain is blaming the Democrats for it's failure (despite the Republicans being the ones who voted it down)

[marissacalderon]

They can sit there and waste the American peoples time with the blame game, I am not buying it. This is a great day for American citizens. Fuck the crooks on wall street. Fuck the greedy bankers. Fuck the American people who also put us in this mess by using their credit cards excessively and buying bad loans. Let them pay for their shit, not the honest people who pay their bills and their taxes. Fuck Obama AND McCain for wanting to pass a bill without any hearings or analyst opinions!

[WorldWideNewsToday]

Because Nancy Pelosi gave a partisanship speech blaming republicans....Democrats are at fault cause they wanted the taxpayer to pay for the bill.

Undertstand this you cant defend yourself!

Democrats proved even more today they onyl the American people for money and taxes because they wanted the American taxpayer to pay 700 billion dollars to bailout Wall Street and Republicans said no taxpayer money to bailout Wall Street!