Comments on: Bailout's Passed - Now What?

The Ultimate Effectiveness Of The Historic Financial Rescue Plan Remains Unclear

[marshall_nee]

1,000 years old.. heck in France there''''s a whole underground city. What used to be the old sewer system. Land over there is like living on eggshells.

Posted by donnie7945 at 07:17 PM : Oct 04, 2008

Creepy those catacombs, walked down one in Edinburgh.

[marshall_nee]

. Every house ya buy is at least 100 years old.

Posted by donnie7945 at 07:15 PM : Oct 04, 2008

I currently live in Yurup and my house was built in only 1936

[marshall_nee]

Some of these institutions were leverage out to 37 : 1 per liquidity. It used to be law that they could not leverage past 9 : 1, but as soon as the markets were deregulated these guys setup a pyramid scheme. It appears the Freimanite myth of markets policing themselves is just that, a Myth.

Posted by curse914 at 07:01 PM : Oct 04, 2008

LOL. If you think we''re bad, take a look at some of the Yurupean banks for leverage.

http://tinyurl.com/4zpqnp

[jesusface]

%u201CCongress passed and President George W. Bush signed the enormous plan to save the financial industry and prop up the economy.%u201D

Isn%u2019t it typical for Bush that the economy is in second place%u2026

[marshall_nee]

Our economic landscape looks much like Mussolini''''s Corporate Nation, just before it imploded.

Posted by curse914 at 06:57 PM : Oct 04, 2008

Will the trains run on time though?

[stupidrules3]

This bill allows the Federal government to buy bad loans which they plan to repackage and sell to private sources thus generating a repayment of the money they use to bail out the market. I''d like to see the people who will line up to take it off the government''s hands. What a sales pitch this is going to be,"hey, I''ve got this package of turds, wanna buy it? You can be the proud owner of a large quantity of overfinanced homes."

[samthetvcat]

I think Paulson''s got something of a God complex - if the market trend is to ''deleverage'' because we''re overleveraged, what kind of person thinks they single-handedly turn that tide?

And Bernanke keeps analogizing this situation to The Great Depression, but was the Great Depression caused by excessive debt levels? Wasn''t the lack of confidence there caused by stuff like the lack of an automatic shut-off to the stock market, lack of FDIC insurance? The difference being that more credit might be the solution to a lack of confidence when credit levels aren''t an issue - here maybe that ''solution'' isn''t truly viable . . .

In which case Paulson/Bernanke just went and made the situation worse. wtg :(

[sjc_1]

This is Fear Factor II. It works with terrorism and it will work with finance. It is real, but if you exaggerate it and make it seem dire, you can get people to do what you want.

[stupidrules3]

But the 95 Democrats and 133 Republicans who voted against the bill were responding to a deluge of calls and messages from constituents demanding defeat of the plan. Many saw it as a $700 billion giveaway to Wall Street when average people were getting no help.


If it walks like a duck and quacks like a duck.......

Our representatives in the Senate and House have caved in to the scare tactics of the administration and the ill effects will start as soon as the money hits the street. If I am an overseas investor, I see the US government firing up the printing press to print money and flood the market with dollars. Everything tied to the dollar just went down in value, so it is now an investment to be avoided. I also like the part where they are telling us that we are still going to have a rough time in the upcoming months. Next is the part where they tell us,"but it could have been so much worse."

[observantx]

I find that mixing KY jelly with about 1/3 Vaseline is making the *** I''m getting at least tolerable.

I hope I get at least a peck on the cheek when Paulson and Wall Street are done.

I hope the rest of you are doing better than me.


But it''s OK. I get my turn at the polls. Every incumbent who voted for this t*rd on toast is going to get royally shafted in return.

What goes around, comes around as they say in my neck of the woods.

[SiriusLuvr]

The "stock injection" option was the best improvement added to this bill. While it''s only an option, let''s hope the Secretary Paulson uses it!!

http://www.npr.org/templates/player/mediaPlayer.html?action=1&t=1&islist=false&id=95395712&m=95395093

[trillion1]

I don''t see how this will restore any confidance when the same people who caused this fiasco will still be in charge, just richer. Thanks to all the people who have voted for the incumbents all these years.

[samthetvcat]

---"The hope is it will restore confidence in markets and thaw a near-freeze in credit availability that has begun to affect the ability of banks to lend, businesses to obtain money for payrolls and investments, and individuals to gain credit to buy a home or a car."---

You can''t look at the rate at which banks were lending in the period between when the bailout was announced and when it finally passed to gauge the success of the plan in unfreezing credit because you have to assume that for-profit corporations would have deliberately held out knowing they would be able to influence the passing of the bailout bill which would ultimately leave them better off.

The true test''ll be whether credit loosens up now in comparison from right before the bailout plan was announced . . . you wouldn''t expect it to because the trend of the market contracting and people losing jobs makes us collectively greater risks, right? Especially people who are already carrying a lot of debt.

And the plan''s ability to inspire confidence''ll be tied to that, won''t it?

The new ''hot'' word seems to be ''deleveraging'' . . . a complete opposite to the Paulson/Bernanke goal . . .

[marshall_nee]

Bailout''s Passed - Now What?

__________________________________________________

Pluuuuuuuuuuuuuunge!!!

[jerr11]

Just saw a clip of Paulson in March claiming that the economy is sound, the banks are sound.

Looks like he''s another Bush Liar.

O''Reilly said thet WAMU CEO Fishman must be investigated for misleading stockholders with phony data.

I say Paulson needs to be investigated for misleading Americans with phony data.

[random_radar]

Congress just gave Henry Paulson a blank check to spend 10 times more money than any human being in history has had at his disposal. Paulson is more powerful than anyone in the world now (at least anyone we are aware of). He can help his friends and destroy anyone he pleases with virtually no accountability.

What kind of people run our government? What kind of people would hand out vast amounts of money and power to their friends and make us pay the bills? No one I would want to have any authority in government.

We do not have a government of the people, for the people, or even acknowledging responsibility to the people. We have a tyranny imposing economic bondage on generations to come. America is becoming a gigantic slave labor camp.