An (animated) Plan to Rescue Taxpayers and Main Street

[LordCorinth]

this ''government on youtube'' is a steaming pile of bullsh*t that i honestly think no smart person is falling for.... what we need is to stop with all these f*cking plans and deals and just let the chips fall where they may. if people from the highest of high to the lowest of low need to go bankrupt and start over then i say hell yes. no one ever gave me anything, and i never bought what i couldn't afford. time to do the same, America.

[KhmerD0g]

those $700 billions will go to foreign investors, ceo, and bankers. how stupid do u think we are? u have to use cartoon because u think we are stupid?

china invests heavily in Freddy-Mac. they said if U.S. doesn't do anything when the companies stock sink they will dump U.S. dollar. guess what? a day later Freddy-Mac collapsed. then the U.S. came in and bail those companies out. chinese government was happy about that.

[im4wur]

"Bailout"? More like: Heads I win. Tails you lose.

[wildpeachatl737]

Property values are going to fall anyway as the real estate market adjusts to the artificially created values due to the rampant mortgage fraud that goes along with this fiasco.

Rogue appraisers were valuating homes according to the what they broker needed the house to come it, in some cases. As these houses entered the market at these inflated prices, it drove up the remainder.

Some people are going to lose value, point blank, but this plan is better than what's proposed...

[DominicanoOG]

guys listen they need our help we must give them every last cent we own from our life savings and checks that we get from working . We must save wall st.!!

[theocide421]

this video completely ignores the issue of credit default swap. incomplete analysis

[oiuoiu988]

even if we pretend that the 150 trillion dollar derivative problem doesnt dwarf all the other problems were looking at in the economy we still have to identify the problem that too many people own homes. letting people walk away from their mortgage without damaging their precious credit score would go a long way towards achieving price discovery in the housing market before the precious credit scores dont matter anymore because foreigners will be buying the houses for cash.

[12235117657598502586]

frithwks, please don't speculate on the Real cost of the bailout...part of the reason this mess exists is due to unregulated speculation!

Who pays for the interest? Taxpayer of course!

Property values will fall further, but hey, that won't bother the rich cos they don't have loans on any of their properties.Only the middle class & poor have home loans!

Still, best not to worry too much eh, after all, what can you or any of your fellow tax paying citizens do about your government?

[NavdeepSinghYoga]

The $700 bn "bankers bailout" (or rescue plan as it has now being renamed) won't work, because it will be used to purchase bad repackaged securities globally, and not necessarily in the US, so it will have a questionable effect on main street. Paulson vetoed a clause to force the $700 bn to be used solely to purchase US securities and mortgages

[AAAAkuuuu]

How about a 700 billion dollar tax return so we can pay our own mortgages?!

That should stimulate the economy!

[mobusdorphin]

That only really amounts to $425 a person. We already tried that a few months ago, see where that got us?

[oiuoiu988]

actually youre wrong, 700 billion dollars divided by 300 million people would be about 2300$ per american. the amount they gave us in those government checks in the spring was closer to 70 billion, one tenth.

[4096x]

The tax payer should not bail out wall st.

but at the same time - why should the tax payer "put a floor under the housing market"

doesn't make much more sense.

it's also a hand out - just to a different set of people.

[jfcrow1]

The Government has just announced they will start printing a $1000 dollar bill. ( Easier to withdraw your money without a wheelbarrel)

[cleatrampler]

Unless the housing bubble is allowed to self-destruct, we will all be slaves to the banking elite. Crash now, prosper later! The recovery has to come from the bottom not the top.

[sugarpuddin88]

Don't you think it's a little too late to "Stand Up"?!

Seriously dude!

Get with the program: Get a second citizenship!

Time for people to be "self reliant"!

[sugarpuddin88]

The Federal Reserve Bank is owned by private bankers - They owe their duty to their shareholders; not the USA!

It benefits them to get the US economy addicted to free flowing cash; they know they'll always get paid back with interest

That's why they bribed Senators in 1913 to (illegally) create an income tax on unapportioned wages - So they can use that same income tax to guarantee payback

US Constitution specifically forbade allowing anyone but Congress to print money - Thanks Pres Wilson!