Comments on: Senators, Bankers Clash Over Bailout

Banks Say Taxpayer Money Not Being Used For Salaries, Bonuses, But Some Lawmakers Unconvinced

[perk235]

Regarding bailouts, we all seem to forget the first bailout of this admistration: the airlines right after 9/11.

Remember how the surplus was used to keep the airlines afloat immediately after 9/11?

[whitemale08]

Congress should not act ''surprised'' that the bail-out has failed. Constituents had flooded your phones and e-mails with demands to not hand-over billions to Wall Street.

The only way to recover that stolen money is shut-down the Federal Reserve System and receive it into Conservatorship to conduct bankruptcy proceedings.

That will cancel over a Quadrillion in DERIVATIVES.

CANCEL THE DERIVATIVES AND TAKE BACK THE TAX PAYERS MONEY NOW!!!!!!

[robert7562]

Like I said, I won''t put down anybody, (however I was not too fond of McCains pick of Palin, or the lack of "temper restraint" shown by the GOP in gen.) but I am glad to see a diff party with a new administration going to The White House. I just hope that it doesn''t get worse. Oh, and btw, you can still be a non-democrat (or at least not for Pres-Elect Obama) and not be a hater. The only thing we know for (fairly) sure is that things will be diifferent.

[robert7562]

Whatever happened to "ObamaSPEAKS", or "seis-6-seis" or "tincup" or even "GOP-Will Win" I know you (GOP)are on here at all hours. This has been only my opinion, and like I said, I know you can''t all possibly agree. Even if you do agree, some (any) response would be greatly appreciated.

[robert7562]

BTW, i can spell, but my typing skills are lacking.

[robert7562]

Please forgivie the doubvle post, that one is on CBS

[robert7562]

Anyone??... Anyone??...Bueler??????
Iknow that everybody can''t possibly agree with me. I''m beginning to think I am the only that''s read the article and bothers to post.

[robert7562]

Anyone??... Anyone??...Bueler??????
Iknow that everybody can''t possibly agree with me. I''m beginning to think I am the only that''s read the article and bothers to post.

[robert7562]

OK, if EVERYBODY agrees with what I''ve said, maybe I should run in 2012 for President of The USA. If not, please, speak youre piece (or in this case, type it) I will not "come down on" or put down anyone. I may disagree, but I can, and will, be decent about it.

[robert7562]

"Sen. Charles Schumer, a Democrat, said he and other lawmakers are looking at requiring banks to make more loans as a condition for taking part in the $350 billion second half of the bailout. "Any new capital injections must come with tougher requirements," he said."

What, only the people that DON''T need a loan can gat one??????????????? The reason most people are defaulting on thier loans is that thier jobs are gone, overseas and south of the border

[robert7562]

Bueler?....Bueler?.... Anybody???????

[robert7562]

"You did not know Michelle receives millions from walmart?
Wake up!
Posted by ObamaSPEAKS"

Personally, I don''t care how much mony the first (or future first) family have, or any member of said family, What I care about is that they put America and the American people, citizens, first and forermost (not a reference to the movie or book 1984, or even citizen Kane, if you remember that far back). We ThePeople are a nation of a melting pot, and all need to remember that, even though we alll have our own opinion, we are ALL AMERICANS

[robert7562]

Come on, I know I''m not too dang smart, but no response to any of my posts?? Am I that correct in my thinking???

[robert7562]

""The committee has asked whether (bailout) funds would be spent on executive compensation," said Jon Campbell, regional banking president for Wells Fargo & Co. in his testimony. "The answer is no. Wells Fargo doesn''t need the government investment to pay for bonuses or compensation.""

If that is true, why in the $%&@ do they need "bailed out"???????, The execs are the ones responsible for seeing that the company is profitable. The economic issues we face today are a result of company policies, NOT the consumers(citizens who''s tax dollars are now bailing them out)

[robert7562]

Anybody?......Anybody?..... Buler??

[robert7562]

Have Another.....
Treasury Secretary Henry Paulson announced Wednesday that the administration had decided to scrap what had originally been the centerpiece of the program - a proposal to buy troubled assets to get them off the books of banks as a way of promoting increased lending.
Instead, the government is using tax dollars to buy massive shares in some of the nation''s biggest and most successful banks - with virtually no strings attached, reports Attkisson. And that''s all allowed under Congress'' plan.

Oh Joy, More of my taxes going to those that have, taking away what little the "have nots" have.

[robert7562]

"I wish we could. But we cant. We closed those smelly steel plants to clean up the air. It takes robots to make a flat panel TV and we dont have them. There arent enough seamstresses in America to make our clothes anymore and none of our people wnat to be seamstress. We dont make shoes either........Posted by lilly1232"

We have the technology to make less smelly (environmentaly "friendly") steel plants. We have the technology and resources and people to make the "robots" that make TV''s, as well as cars, (there are more robots than people in ANY auto plant now, why not use living beings?, oh yeh, robots work for nothing, no grievences, and willl work 24/7 with no need for a day off) Seamstresses? I''ll wager that houndreds of thousands of citizens would take those jobs. Shoes?, Clothes? oh, I forgot, just use the children in other countries that only get paid a dollar or 2 a week, that''s all they need, and it saves us a buck or 2, but costs us OUR Country. WE CAN FIX IT, BUT IT''S GOING TO HURT A BIT (prob more than just a bit) BECAUSE WE HAVE BEEN SPOILED.

[olddog391]

"Goldman Sachs and Morgan Stanley have each reportedly set aside more than $6 billion for end-of-year bonuses. The bankers promise it''s a different pool of money from the taxpayer funds." My mortgage company doesn''t ask which pocket I reach into, they just want the payment. Why are bonuses going to executives who have allowed their businesses to fail when they should be declining bonuses and cutting their own salaries to a dollar a year. Lee did it for Chrysler, and Uncle made 500 million in returns from stock deals in addition to receiving repayment of the loan PRIOR to the due date.

Evidently ethics, honesty, and responsibility have been dropped from some executive dictionaries.

AND speaking of Big Oil, let''s be proud there are still corporations that make a profit, which is the reason for-profit corporations choose to exist in free democratic societies, by the way, and let''s ask those successful executives to cough up the 750 billion dollar loans to bail out their less intelligent brothers! I bet they''d even add to their profitability from interest and consulting fees. Heaven knows they''d do a better job of managing the situation than any group of government officials

I''d much prefer see money from business supporting this fiasco since both my pockets are pretty near empty. (Buying all that gasoline, you know.)

[payasyougo]

Senators, Bankers Clash Over Bailout Fund
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Senators, concerned for their political contributions, not for the taxpayer...

[lilly1232]

I wish we could. But we cant. We closed those smelly steel plants to clean up the air. It takes robots to make a flat panel TV and we dont have them. There arent enough seamstresses in America to make our clothes anymore and none of our people wnat to be seamstress. We dont make shoes either. when we last made those things they sold for three times what they do today.
Thats ok the way things are going we will cut so Pay so low and so many jobs will be lost in this country that we will be supplying China soon and we will live like they do, No pay, no nothing. The writting is on the wall folks. If we dont help the auto industry, we will be left with cars from Japan, Korea and the lik, that is if we can afford to buy them.