Comments on: Taking Stock Of The Wall Street Bailout

A Look At What Washington's Economic Rescue Plan Will Mean, And Why It Was Deemed Necessary

[afmca]

This better be just the beginning of the dismantling of the Wall Street culture. Now that American taxpayers are essentially stockholders in these failed financial institutions and in the failed automotive corporations we must insist on accountability. They now work for us!

Do away with golden parachutes, do away with exorbitant pay, and take back unmerited bonuses. We must insist that mergers are for the benefit of the consumer and not the money managers. We must insist that stock transactions produce positive results; not game the system. Probably Wall Street needs to shrink by 50% so it concentrates on transactions that produce positive results.

[jon_mccain]

This won''t stabilize the markets because the underlying fundamentals of the economy have been destroyed. There is too much debt. There are very few well paying jobs being created. There are huge trade deficits and reduced GDP growth due to manufacturing, tech and other decent paying jobs being sent overseas. There is downward pressure on wages for the American worker thanks to illegals and H1B1 recipients competing for jobs with Americans. There is inflation and it''s cause, the devaluing dollar. This bailout may give the market a short term confidence boost at the expense of further fueling inflation but we will reap what the wealthy have sowed.

[lochlan-2009]

What happened to all the earlier posts? They just wiped them away so people can''t read them. CBS really is starting to go overboard with their censorship.

[astronav]

This is the weakest report 60 minutes has ever done. Paulson never answered even one of Pelley''s questions. All we heard was weak, not even positive, generalities. You would not have let your son borrow the family car based on answers like that, let alone $700 billion dollars.

Whatever happened to: who, what, why, when, where, how much? This wasn''t journalism; it was propaganda, and not good quality propaganda at that. It was obviously poor by design. When it fails to help, Paulson will smirk and point out that we the people were silly enough to let them go ahead after being told that the outcome would be bad and wouldn''t fix anything for the American people.

In spite of massive grassroots groundswell against the bailout, the administration, the Congress, and the media insist on presuming such a bill should be passed

Nobody has answered the question, what happens if the government doesn''t cough up the $700 billion.

This is a bad bill. It''s premise is false. No amendment can fix it. It should be trashed or voted down.

Paulson, Bernanke, and Cox should be fired and investigated and prosecuted.

There is plenty of money in the financial world, only they don''t trust each other enough to take the risk. Free enterprise doesn''t guarantee profits, especially when you do business stupidly.

KILL THE BILL. It''s the only sane, rational alternative. And. I hope when CBS and their fellow mainstreamers wake up it won''t be too late.

[jmaccrate]

CBS Sixty Minutes failed to ask the most important question of Mr. Paulsen.

How much did he, his family and friends would lose if the bailout does not take place?

Did he have any conflcits of interest in the proposal that was submitted to Congress?

[walkerbigl]

Information I have shows that the former CEO''s of Fannnie Mae and Freddie Mac made over $18million and over $13million a year. How many years did this go on. The government should seize their assets and those of other CEOs who caused this mess. Collectively, they should have enough to make a dent in the $700 billion dollar bailout. Oh, by the way, how much is Obama paying the former Freddie Mac and Fannie Mae CEOs to advise him????!!!!!

[lovegetpeace]

Folks,
The super Rich Chinese are enjoying space walk today. Soon, they have set a goal to walk on the Moon.

Americans are now officially a 3rd world country because American can nolonger afford to go even to space.

[lovegetpeace]

Posted by NotSmith at 07:20 PM : Sep 28, 2008

Do you have a better option to fix this crisis where we can bypass our Government?

[notsmith-2009]

My God, this is being presented to us as a re-run of ''Apollo 13.'' Good ole American ingenuity and some late nights, and we''ve done it again. ***!

This deal should never have been negotiated and should never see the light of day. All week long, taxpayers like me have been screaming ''No'' but it gets us nowhere.

How out of touch do you have to be to realize the people of America detest this deal and do not want it?

[lovegetpeace]

Amigos NeoCons,
You folks are not that Stupid and Dumb from what I read in these blogs. However, you are all Idiots for continuing to support a Failed Ideology that is impacting you and your family beside our nation big time. Where is your love, commitment, patriotism and loyalty to your nation and not your party?

[spiritwalk]

All the Senators and Congressmen standing before the camera talking about the plan they came up with produced nothing more than a display of eununchs talking about their virility.
The real power will be in the hands of the brokers on the floor of the exchanges when they open. They will do what they want to do to secure their own fortunes and they don''t give a good s**t what happens to you.
The politicians rolled over and handed power to Wall Street and the corporations a long time ago and they cannot get it back.
Keep barking and biting at each other over partisan politics. It doesn''t matter who gets into the White House. It''s the market that rules you.

[max0010]

Obama said the bail out bill %u201Cis no welfare for Wall Street%u201D. However when you read articles on this bailout, like the Washington Times you get another story %u201CWall Street and Banking are the BIG WINNERS%u201D and there is nothing to help those that are in foreclosure or with refinancing loans, does nothing to stop the slide in home values. The fundamental problems that gave rise to this economic crisis is not going to be alleviated. http://www.washingtontimes.com/news/2008/sep/28/who-wins-loses-proposed-bailout-plan/