What ever happened to good,sound and honest business transactions? If business had been done this way,with everything above board,all concerned would have made money. Instead,those people on wall street conducted all kinds of high risk deals within an unregulated market model that opened the gates to naked short selling of convoluted loan products that when analyzed turned out to be not much more than fraud. Instead They should have paid the employees better creating a stronger consumer.
$700bil = 5% of total US GDP. That is proportionally less than the sum raised to bailout the S&L failure of 1987, which turned out to be a good investment for the government in the long run. This buyout is an even better investment, as it is attached to private real estate, a security with tangible, appreciable value. The sky is not going to fall, Obama will be elected and the markets will stabilise.
All you Libertarians who think you are so smart...go read an economics textbook! Read about the Great Depression. Stop calling people names and embrace an attempt to fix this. This is a SERIOUS situation that Warren Buffett calls economic PEARL HARBOR. This bill isnt perfect but its the best we've got. I encourage Congress to support this bill.
You fix this by punishing the people who caused it, you don't fix it by punishing those who are suffering the consequences. Congress and the financial whizzes created the conditions which caused this melt down in lending. It is clearly Paulson and his cronies that engineered this fiasco. It's time to get rid of most of congress and Paulson has to go.
chearn8838 you're right and you know it. Already the dollar is rising against every currency but the yen, when was the last time we saw that happen? It's an opportunity to buy, people, if you've got money, use it!
mccain/obama want this 700billion dollar corupt corporate bailout yet they will still vote for these idiots people need to wake up and vote NADER dont you people think if they cared for you they would do something about the high cost of fuel,food,medical care,insurance and do something about wages they vote pay raises down for you and up for themselves here we go agian HELL NO BAILOUT call your senate/congress 1-800-828-0498 pass the #
The FED is allowed to go on, it will be the destruction of the tax payer, when dose
Paulson tell Congress what to do, He is a Goldman Sacks Rep, The banks want complete control of the US as we know it, we got to stop this FED, and We are now like Germany 1939, and can you see the new order???? FREEDOM TO FASCISM. Thats what is real, You may have SS/Boots up your ass, very soon, and I am not nuts, I need a out let, and utube is not it
Please stand up an be counted, For the US, Constitution
He expects us as taxpayers to bail out the same people that step over the homeless on there way to work in their Armani suits,yellin at em'
"Get a jobBum"?Ivote NO.
Let them see how it feels to not be able to afford a gallon of milk because you don't get uor paycheck for another 3 days,I also find it a little ironic that the $700B that Bush proposes the government needs is just about equivellent to what he has spent(so far)on the Bush/Cheney War 2003 present.HMMMMM coincidence,Ithink not.
hmmm... so our president wants to bail out these financial institutions with tax payer money? he says that if we don't, are economy is going to collapse. my question is... do the CEO's and executive employees of these companies get to keep their multi-million dollar houses and all there fancy cars, nice suits, and lavish lifestyles? because if so... i say let them go bankrupt, let them see what it's like on our side of the fence for a while.
I'm 37 years old and never owned a home or defaulted on a loan. But my family and I will pay a dear price for this atrocity. If people are so strapped, it won't matter if the credit markets are frozen, they won't be spending anyway. When these companies are bailed out, inflation sets in, then what? More people will default and we're in the same boat. Just alot more in debt. Don't go to the light Carol Ann, it's really the train coming at you head on, and it's not going to be pretty.
The bank didn't write bad loans it took bad customers. Because people took loans they couldn't pay the banks are going to fail. Why do people throw hissy fits over how tax dollars are spent? The state has never cared about you in the first place and we've never had seriously control over what is done with 'our' money. Now the fucktard left and idiot libertarians are coming out of the woodwork to apply their nonsense and let the country fall into a depression.
You unka Sammy, where's MY bailout?
TheBailoutBitch 3 years ago
What ever happened to good,sound and honest business transactions? If business had been done this way,with everything above board,all concerned would have made money. Instead,those people on wall street conducted all kinds of high risk deals within an unregulated market model that opened the gates to naked short selling of convoluted loan products that when analyzed turned out to be not much more than fraud. Instead They should have paid the employees better creating a stronger consumer.
playfyte 3 years ago
$700bil = 5% of total US GDP. That is proportionally less than the sum raised to bailout the S&L failure of 1987, which turned out to be a good investment for the government in the long run. This buyout is an even better investment, as it is attached to private real estate, a security with tangible, appreciable value. The sky is not going to fall, Obama will be elected and the markets will stabilise.
torwald41 3 years ago
All you Libertarians who think you are so smart...go read an economics textbook! Read about the Great Depression. Stop calling people names and embrace an attempt to fix this. This is a SERIOUS situation that Warren Buffett calls economic PEARL HARBOR. This bill isnt perfect but its the best we've got. I encourage Congress to support this bill.
chearn8838 3 years ago
You fix this by punishing the people who caused it, you don't fix it by punishing those who are suffering the consequences. Congress and the financial whizzes created the conditions which caused this melt down in lending. It is clearly Paulson and his cronies that engineered this fiasco. It's time to get rid of most of congress and Paulson has to go.
bbburton 3 years ago
chearn8838 you're right and you know it. Already the dollar is rising against every currency but the yen, when was the last time we saw that happen? It's an opportunity to buy, people, if you've got money, use it!
torwald41 3 years ago
Paulson should be tared and feathered and run out of town on a rail.
bbburton 3 years ago 2
After having sit on a wooden horse in the middle of Time Square for a week.
Kheskeim 3 years ago 2
mccain/obama want this 700billion dollar corupt corporate bailout yet they will still vote for these idiots people need to wake up and vote NADER dont you people think if they cared for you they would do something about the high cost of fuel,food,medical care,insurance and do something about wages they vote pay raises down for you and up for themselves here we go agian HELL NO BAILOUT call your senate/congress 1-800-828-0498 pass the #
rumpelstillskin65 3 years ago
Why is no one asking the question of HOW, exactly, a bill can legally go into the Senate without first being passed by the House of Representatives?
mylongcylinder 3 years ago
The FED is allowed to go on, it will be the destruction of the tax payer, when dose
Paulson tell Congress what to do, He is a Goldman Sacks Rep, The banks want complete control of the US as we know it, we got to stop this FED, and We are now like Germany 1939, and can you see the new order???? FREEDOM TO FASCISM. Thats what is real, You may have SS/Boots up your ass, very soon, and I am not nuts, I need a out let, and utube is not it
Please stand up an be counted, For the US, Constitution
Freedom4u2talk 3 years ago
This has been flagged as spam show
He expects us as taxpayers to bail out the same people that step over the homeless on there way to work in their Armani suits,yellin at em'
"Get a jobBum"?Ivote NO.
Let them see how it feels to not be able to afford a gallon of milk because you don't get uor paycheck for another 3 days,I also find it a little ironic that the $700B that Bush proposes the government needs is just about equivellent to what he has spent(so far)on the Bush/Cheney War 2003 present.HMMMMM coincidence,Ithink not.
rajinnyc 3 years ago
hmmm... so our president wants to bail out these financial institutions with tax payer money? he says that if we don't, are economy is going to collapse. my question is... do the CEO's and executive employees of these companies get to keep their multi-million dollar houses and all there fancy cars, nice suits, and lavish lifestyles? because if so... i say let them go bankrupt, let them see what it's like on our side of the fence for a while.
rajinnyc 3 years ago
I'm 37 years old and never owned a home or defaulted on a loan. But my family and I will pay a dear price for this atrocity. If people are so strapped, it won't matter if the credit markets are frozen, they won't be spending anyway. When these companies are bailed out, inflation sets in, then what? More people will default and we're in the same boat. Just alot more in debt. Don't go to the light Carol Ann, it's really the train coming at you head on, and it's not going to be pretty.
Stargirl70 3 years ago 2
The dollar is now worthless and you are actually heading for complete meltdown. I wouldn't worry too much about the next election if I where you.
Worry about how you are going to eat! Because you have now become a third world country.
Well done Bush you are a genius!
robitrest 3 years ago
If I cannot keep my mortgage paid, I lose my home. If the banks write a bad loan, the tax payers have to pay more?????????????????????
Give it a break.
Enough.
Do not vote for any candidate that puts this through.
I am not voting for McCain or Obama.
They are both coming from the same angle.
I am voting for Chuck Baldwin.
Put that in your bill.
Gretchen570 3 years ago 2
I'm voting for Ron Jeremy personally.
doozer667 3 years ago
The bank didn't write bad loans it took bad customers. Because people took loans they couldn't pay the banks are going to fail. Why do people throw hissy fits over how tax dollars are spent? The state has never cared about you in the first place and we've never had seriously control over what is done with 'our' money. Now the fucktard left and idiot libertarians are coming out of the woodwork to apply their nonsense and let the country fall into a depression.
holymolydude 3 years ago