Comments on: Sweeping Fed Plan Sparks Intense Debate

Democrats Charge Treasury Secretary's Suggested Financial Overhaul Does Not Go Far Enough

[rowdytexan2]

The US citizens have been living on the edge of their own huge credit expenditures for years. We''''ve forgotten how to live within our means. We allowed the lure of equaity financing and lost all investment in our homes back to the banks. We allowed the lure of buying stuff we didn''''t have the money for in the first place to scam us in interest payments.

As I said we were living and managing right on the edge, but it was maintainable until the Bush administration allowed the greed of the banking industry to completely go hog wild fleecing the public in more credit scams. Bad credit losses could be shored up by the government, but these huge credit loses we''''re experiencing now that people have no jobs has sent us right over the edge.

And, of course, his spending our tax dollars we used to shore up those credit loses on an illegal, total ''''unholy'''' war for greed in the Middle East will be costing us for years.

Now we''ve allowed these Neocons to get us over a barrel and making us pay for the stupid investment practice of these greedy bustards!

Get your dirty administration out of our White House!

[rebelscout]

maybe we can get Cheney to take Dumbya hunting.

[tucano2]

Another power grab by those wonderful people that have
handled so well items
such as Iraq, Afghanistan, Hurricane Katrina, "Made in
China", Illegal
Aliens, Graft/Corruption/Halliburton/Attorney
General/Ramos & Compion/value
of dollar vs. Euro or Yen or Peso etc./Scooter
Libby/Chinese Spies/***
Cheney/Supreme Court/Gray Wolf Hunting/Caribou
Killing/Water
Acidification/A.W.O.L. from Texas Air National Guard
while dodging service
in Vietnam/D.U.I./you name it. What idiot now would go
along with anything
"W" proposes, without risking his own life or that of
our once wonderful
country?

[irishmail42]

Overhaul the financial regulatory system? Hell, I''d rather take my chances until a new administration, Republican or Democrat, gets into office. Didn''t these guys try to overhaul the Middle East by invading Iraq? This administration could screw up a one car junk yard. I don''t trust them any more.

[hungry1968]

Why would anyone consider any financial solution proposed by George W. Bush Jr.? Hello? Where is the laughter?

Posted by ByeNeocons at 05:48 PM : Mar 31, 2008





It''s hard to laugh, when you''re too busy crying over what this administration has done to our once great nation.

[hungry1968]

Complete control of the finance and banking system, sounds a lot like what the Socialists do when they gain power, do you want the Government getting involved with your finances?

Posted by lorinkundert at 12:00 PM : Mar 31, 2008





This is just so typical of the ignorant right.

Bush deregulated the banks, and the economy tanks because of shady dealings going on in corporate board rooms.

Now they''re going to put "sweeping reforms" in place to put regulations back into the financial system.

Then some moron from the right says, "Why are they going to get involved in your finances" like the government is going to tell you how to manage your own money! What a fool!

Hey Bush - LEAVE THINGS ALONE!!! EVERYTIME YOU TOUCH SOMETHING, IT TURNS TO SHHITT!!!

[bobnjersey]

[The solution is for ordinary Americans to start brokerage houses, then we can borrow money from the Fed at the new discount rate of 2%, no limit to the borrowing, ...]
[Posted by SharnCedar at 05:31 PM : Mar 31, 2008]

simpler yet would be the ability for individuals to incorporate themselves ... then deduct all the costs of living from your income ... food ... shelter ... transportation ... entertainment. just the cost of doing business ... the business of living.

[byeneocons]

Why would anyone consider any financial solution proposed by George W. Bush Jr.? Hello? Where is the laughter?

[lorinkundert]

One thing everyone needs to understand is that the FED is not in any way a Government institution, it is a private banking cartel owned in a large part by foreign entities. Try finding out they are.

[sharncedar]

The solution is for ordinary Americans to start brokerage houses, then we can borrow money from the Fed at the new discount rate of 2%, no limit to the borrowing, and pay off all our bad mortgages. Problem solved. When those loans come due we borrow some more. Jes like ol'' JP Morgan, but every individual gets to do it.

[pugster]

Complete control of the finance and banking system, sounds a lot like what the Socialists do when they gain power, do you want the Government getting involved with your finances?

Posted by lorinkundert at 12:00 PM : Mar 31, 2008

This subprime mess was caused by Bush deregulating the banks. So some socialist like regulation would be of some help.

[sumarongi]

I''d feel a lot better they went outside of the government to non-profit financial services and educational institutions for advise and oversight before making any changes. I mistrust any of our current administration to make any changes. They are the ones who allowed the problem to escalate to it''s present level in the first place.

Having Bushit involved at any level raises my hackles.
This sounds like slamming the corral gate after the livestock have all fled. What I''''d like to see is a broad sweep of existing financial instutions and corporations with arrests and harsh sentences handed out to send a message that we are tired of the BS policies. Let them do jail time instead of living the high life off of the money they earned for failing at their jobs. Gee you lost billions of dollars while drawing six and seven figure salaries and million dollars worth of stock options and bonuses. We need to send a no holds barred message that this is not the way to do business in America.
Take the jerks off of their estates and yachts and throw them in the slammer.

[forthepeopl1]

"rumour has it that if bear stearns had been forced into bankrupcy they would have dumped their holdings on the market for a firesale price. this in turn would have forced the market price down on all the other mortgage backed securities ... thereby causing liquidity issues for other major holders of these depreciating instruments (ie. other large banks). other failures could have followed ultimately leading to a complete meltdown of the us economic system. this would not really be good for anyone."
posted by bobnjersy,

this should of happen period..if millions of good americans are being put on the streets because of these mortgage companys crime spree, than they also should of some pain, instead they were given billions of americans tax dollars to continue what they know best, take from the poor and give to the rich.

and today they were rewared some 15 million in compensation, countrywide, exectives, f-them,f-bush,and f- mr potatohead-paulson, that is conflict of interest being a former head of goldmansack,wallstreet hecks.

[missingamerica]

and then the poorest will be left to live in caves and eat bugs.]
[Posted by neoconslayer at 04:16 PM : Mar 31, 2008]

what kinda bugs?

Posted by bobnjersey at 04:32 PM : Mar 31, 2008

Not to worry - Homeland Security and General Hayden of the CIA are working to get every American their very own bugs.

[panhandlpete]

So this Republican Administration is trying to come up with an EXCUSE to enforce more CONTROLS, taking the power from the States who have enacted protective laws for the people, and establish another giant AGENCY in the same frame as the HOMELAND SECURITY. Does anyone care WHO is at fault for this financial frape or want to know its purpose? Just like the lies about WMD''s, no one will be held accountable. Just like the billions unaccounted for or ''lost'' in transit to Iraq, no one is responsible.

[bobnjersey]

[Hey, a Republican plan. Let me guess...we''''ll simply turn over hundreds of millions of dollars to the richest people in America (even if they aren''''t even Americans) and then the poorest will be left to live in caves and eat bugs.]
[Posted by neoconslayer at 04:16 PM : Mar 31, 2008]

what kinda bugs?

[infe5]

@ joyous88,

You are making no sense whatsoever. Did you not read my posts? I could care less about Bear Stearns. I said the gov. should NOT bail these institutions out! They should have known better. Please improve your reading comprehension.

[joyous88]

if you like whats going on do not forget to

vote four more of the same with McBushCain

[joyous88]

infe5

check your sources please, you really need to get real;

The primary holder of ber/stearns stock,

over 80% is the king of saudi arabia,

that who the Fed just bailed out

republiCons are corrupt

[neoconslayer]

Hey, a Republican plan.
Let me guess...we''ll simply turn over hundreds of millions of dollars to the richest people in America (even if they aren''t even Americans) and then the poorest will be left to live in caves and eat bugs.
Oh well, at least gay people won''t get married.