Comments on: Where Did The Bailout Billions Really Go?

CBS Evening News Exclusive: Were Bank Bailout Winners And Losers Cherry-Picked?

[samael2014]

Before Reagan we actually had hope -- a less than trillion dollar debt that we worried about incessantly and a democracy founded on principles and results that we constantly exposed to the rigors of transparency and legitmacy. We always looked back and never erased accountability, and more importantly we had a free press we could rely on both to keep us informed and to keep itself in check. All something for which we could never be fully proud or satisfied and something that we were constantly vigilante of as a society, because we knew it wasn''t ours to inherit.

What the **** happened.

When will we eradicate this parasite, this Republican hive-mind, this self-serving and propagandize fascist press, so we can again substitute hope for pride, truth and justice for patriotism?

It can never happen unless what has happened has been brought into full account. The Reagan-Bush dynasty''s real legacy.

[lalinda4]

Keep asking the questions until you get an answer from our legislators. If our legislators would have been watching 60 Minutes last Sunday night, they''d find out that a lot of the investment bankers are hiding their money over in Switzerland as well as price-fixing the oil market. I would think some of these people should be in jail rather than getting bonuses.
Yours truly, Disgusted AARP Member, LaVern Isely

[samael2014]

Psychopaths and opportunists to the very end.

This administration has milked and bilked the life, income and well being of middle class America for all that it and it''s descendants are worth and nation and it''s democracy like a pig on a rotissiere.

What the **** happened.ghs it up and sheds a few tears listening to and "reportin" on this psycho''s effacement of all that he has done and regretted and what he plan''s to do in retirement, all while snacking on taxpayer furnished cinnamon rolls and expresso, and pulling out the last decade''s worn and dog-eared cliff-notes on how to ask the tough questions to a Democrat administration, we can all be thankful that this President is going, but our nation''s big problem''s remain.

And I''m not talking about the economy or the Middle East, but what has happened to this nation and why we need to enforce the guarantee of a free press through standards of competence and fairness, not capitalism which has serve this nation and it''s democracy like a pig on a rotissiere.

What the **** happened.

[lochlan-2009]

"But some analysts say the idea is to strengthen the banking industry by giving strong banks the means to take over weak ones."

Has everyone forgotten the main goal. We are trying to make a single global government with a single banking entity who controls all the worlds money and markets. The organized crime ring called the Bush Administration, and the hog-tied in the back trunk of a car media, has done all it could to bring this economic collapse upon the world. Lieman Brothers had both Jeb Bush and Bush''s cousin George Walker on the board for the, forced by the government, bankruptcy which was the igniter for the credit freeze. They blatantly went out of their way for the bank collapses, derivative swaps, ICE markets, and deregulation, knowing full well that "Bail-Out" was the final part of the plan.
My question is why doesn''t Obama want to wait until next Tuesday to ask Congress for the second half of the bail-out. Why even try to put that cash, for even a single minute, in Bush''s and his administrations hands.

[getoffmine1]

those who designed and are overseeing the bailout need to be prosecuted for fraud. Bernanke, Paulson, the bank CEOs who took the money and GW Bush

[rocketjl]

Can''t decide. Are people in Congress, and the government in general, just morons or stupid. Can''t fix stupid, but morons should at least acknowledge they do not know what the heck their doing.

[txlakeside]

Repubs pushed Reagonomics and the "tinkle on" theory for the last 20 years. All the time they were shouting less gov is good gov they were whispering unless it helps us! TexHill ... you really do not help your cause. All you do is make Texans look like the ignorant redneck you actually are .... LOL! You thought Hamas was a guy and they should just send someone over to take him out!.... ROFLMAO!

[omega40]

Government cant do anything right. Hasnt Bush proved that to you liberals time and time again?

Posted by mrs_zambesi at 09:08 AM : Jan 13, 2009

Bush just reaffirmed what higher forms of vertebra already knew, never put a party that hates the government in charge of running it.

[misha128-2009]

(CBS) When Congress passed the $700 billion dollar bailout, the whole idea was to buy failed mortgage assets.

Where did CBS get this stupid idea?

Posted by TexHillGirl at 09:32 AM : Jan 13, 2009


Hey Tex your missing Hillary''s confirmation hearing -- live now.

But to answer your question -- by reading the legislation - a novel concept for you. Even the title alone provides a strong hint - Troubled Asset Relief Program (TARP). Not the "Assume the debt for failed bankers program so they can still receive 1.6 billion in bonuses for running their institutions into bankrupcy or near bankrupcy" progran. Or for the "Communistic" entry of the state into private enterprise, on terms again in the interests of the failed bankers over the taxpayers. Considering the Brits got a higher rate of return and greater taxpayer safety on their bailouts and guarantees of loan activity instead of bank mergers and a continuing credit freeze. The results of the Bush / Paulson fiasco which represents clear moral hazard in the support of failed management and excesses in the financial community are clear. The arrogant imcompetence of the management of the program this far is clear for all to see in the scathing reports of the Inspector General in reporting on the disarray and arrogant incompetence the current activities of the Treasury Department in this program.

[tn312c]

So now good old Hank Paulson has more than doubled the number of banks that are not allowed to fail by all the acquisitions. Perhaps the next bail out will be in the trillions rather than billions. Mr Paulson should be hung in effigy if his bailout fails, that is if the mortgage mess is still in plain sight.

[usedeqbroker]

This is why there never should have been ANY bailout! Our leaders flipped us off on this one and did what they wanted to do... line their pockets! Sheeple... Good word! ... rhymes with idiots...

[marcy3pu]

The car companies get reamed for incompetence, the banks get rewarded for their malfeaseance and the tax payers get the shaft. Go figure!

P.S. Did any of us (taxpayers) get a vote in this travesty?

[ddaryl1]

we are witnessing the death of capitalism. Personally I knew it would happen someday, a system based soley on consumption was never going to be able to sustain itself without destorying eveything anyways. I just thought it would have been another 1/2 century before it really happened.

[consciousnes]

So what do you expect? How many of our Representitives and Senators are involved in the banking industry and how many are involved with the banks that got the money?
This whole thing is not about helping the avarage American, it is about scamming money from the people under the pretense of helping them.
How does that knife feel in your back right now, and you bet your bottom dollar that it is going to be twisted several dozen times before its all over with.
Have fun trying to dig your way out from under this one.

[antoniof123]

Why? It is we conservatives who insisted on no regulations to this bailout. We should get all the credit for that.
Posted by mrs_zambesi at 08:52 AM : Jan 13, 2009

You are absolutly correct NO regulation is what caused this mess to begin with and let''s face it the conservatives are the king of deregulation. 2 to 1 that is 2/3 say it is a conservative way. So live with it.

[biblethumpar]

Congress approved the Bailout Money,
SHRUB and his inept corrupt people gave it away no questions asked..

[omnibus66]

Ask barney frank. Isn''t he the head of the SEnate Banking Committee??

Posted by dumdnc at 07:20 AM : Jan 13, 2009
--------------------------------

Barney Frank didn''t give out the money. Your Bush buddy hero Paulson did.

Bottom line: Continue to make the rich richer. Everyone else, stay bent over.

[antoniof123]

This is conservative at its best see the intent of the law is not followed. Conservatives we blame you not all the name calling and noise making you are doing.

Blood bath coming in 2010 again.

[girlmiami]

every single family should have gotten 5k or 10k,,,it would been in better use. its very sad. for people that are lay off and losing their homes. no one cares for the working class.

[girlmiami]

in the CEO pockets not the employees nor us the regular middle class.