Comments on: Bush Unveils $250B Plan To Buy Bank Shares

U.S. Will Invest Funds Allocated By $700 Billion Bailout Package In Big Banks

[wherenextnow]

You ought to hear all the little suckass congressmen on both sides of the aisle giggling with glee over it today.

[samthetvcat]

When Paulson came out with that plan to buy toxic assets, was it true that the primary recipients were going to be the creators of the instruments, the investment banks, or were regular banks going to get an injection too? I got the sense that it was just the investment banks that were going to get the bulk of the cash, but maybe that was wrong.

If the regular banks are getting more of the inflow, then this plan is more widespread, isn''t it?

If not, then there''s really not much difference between ''buying'' stock and buying ''toxic assets'' if they''re underpaying for both, is there?

The difference is that now Paulson isn''t dragging his heels - what took him so long to inject the money into the system?

[rdepontb]

You have to stop attributing any of these economic plans to Bush; the nation, the world, just do not will no longer accept anything he offers. The media are ruining too many good ideas from the experts by making believe they come from the White House resident of the moment.

[iphyt4u]

This plan will also fail. The common people do not want to spend. Give the banks all the money they want. The people do not want to spend. Taking out a loan isn''t a good idea if you might get layed off.

[jntlw-2009]

The shares purchased by the government are expected to be nonvoting ones.
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What is the point of buying shares if you have no voting power with them? That amounts to a loan rather than a purchase of shares. So in truth, we are loaning the banks money in the deceptive guise of owning shares. Owning shares is worthless if you don''t get voting power and have authority to make changes. I knew Bush would come up with a way to give the money to the banks and financial sector with no real strings attached - more bailout with no accountibility or transparency let alone any authority - except by the fox guarding the hen house. Bush and cabal (neocons) had better find some new places to hide when Obama and crew take over - responsibility and accountibility must be demanded by everyone including the financial sector and the governement. Bush and crew - get the heck out of this country - you are destroying it!

[observantx]

George, just ****. Go to Crawford. Go cut brush. Go pretend to be a cowboy. Leave us alone, you''ve done enough damage.

But leave all the furniture in the Oval office alone. We''ll need to fumigate it before the next president comes in to clean up the past 8 years of disaster.

[monty_4]

I''m all for getting a share in the banks...I don''t see it as socializing the banking industry: I paid taxes to bail it out, I want a share of the profits...that''s capitalism.

[toshi43]

In the United States anyone merely suggesting a radical idea like universal health care is automatically labeled a left-wing loonie or a communist. It''s obviously acceptable to Americans that millions of your own people have no health insurance and many live in miserable Third World conditions while rich investors and bankers get billions of taxpayer bailout dollars. Otherwise, those issues have been declared a ''crisis'' long before this one came along. That tells me all I need to know about the USA.

I''ll bet a week''s wages the owners of multi-million dollar mansions burned out in Southern California get government help long before any ordinary folks affected by the credit ''crisis''.

[inventagod2]

The Bu$h Legacy.

Big Government

Socializing Banks

Fascist Rule

News Service Propaganda

Pentagon World Rule