Comments on: Sweeping Fed Plan Sparks Intense Debate

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

[citizenusa-2009]

"The Enemy from Within". Bush and his Administration have high jacked our country and forced us into moral and financial disaster. Their "fix it" schemes will put the final nail in our coffins. Osama''s efforts to derail our country paled in comparison to what George W. Bush has "accomplished" during his reign. God can only help us now, because we''ve failed to stop the madness.

[king77shaw]

Posted by joyous88 - day strikes and day boycotts are nice in theory but accomplish little - people need to change their lifestyles and free themselves from their corporate addictions .. how you spend your money and what you choose to consume is far more important than who you vote for -- it will not matter who the president is, they are all essentially the same -- stop supporting their corporate keepers and you will see real change ..

[omega39-2009]

"I do not believe it is fair or accurate to blame our regulatory structure for the current turmoil," Paulson said in a draft of remarks he was to deliver Monday.

Considering the safeguards worked wonderfully from when they were enacted in the 1930s until they were repealed starting in the late 70s, one has to wonder what regulatory structure he is talking about.

[omega39-2009]

Bush and the GOP are going to outsource what should be government regulation. The financial industry applauds the move. The federal reserve will stand idly by, as it did in the two previous bubbles, and step in to help protect the CEOs and Fund Managers while preaching personal responsibility to those that have lost their home and retirement.

[oscarez]

Don''t count on the FDIC to protect your savings. The FED has already paid out more to Bear Stearns then was in the FDIC account.

[joyous88]

king77shaw

right on, well put,

I vote for a day of national strike,

how about april 15th , no one spend a dime,

these clowns can''t spend a dime for a disabled veteran

lets not spend a dime for their corrupt system of 15 april

[sistatee-2009]

Last week the administration ''found'' 30 billion to help one Wall Street company? What, they opened a drawer, and...SHAZAN...there was three thousand million dollars in cash they''d overlooked? No, the Fed simply printed up thirty truckloads of paper and dumped it into the market, further inflating the worthless dollar. As a result the cost of everything will go up again, exactly the opposite of what is needed in the economy.

[joyous88]

sweeping bailout for the wall street wealthy

flip flop borrow and spend republiCons

and not one dime for a disabled veteran

conservatives are immoral godless anti americans

[oscarez]

Is this Bush''s way of gutting the system that protects the little guy? Hay, mom and pop day traders beware. Just like Bush using 911 as a reason to invade Iraq, Bush is using the severe credit crisis to takeover the banks and print more money.

[king77shaw]

AMERICA .. DECLARE YOUR OWN SWEEPING FED PLAN ! DENY THE ELITES THE POWER TO CONTROL YOU !!

1) CANCEL YOUR CABLE / SATTELITE TV: let the corporate media moguls (and their advertisers) know that you will no longer pay for their propaganda.

2) STOP INVESTING YOUR MONEY ON WALL ("WAR") STREET: corporate America is selling out the middle class to the lowest global bidder and using our own money to do it; the financial markets will push for anything that increases profits - especially war .. invest your money in land, real estate, GOLD and SILVER.

3) SUPPORT & DEVELOP LOCAL ECONOMIES !
- Buy from local manufacturers, local retailers, local craftspeople/artisans, etc.
- if possible, BURN WOOD for heat;
- support local ORGANIC growers or grow some of your own food;
- implement alternative energy sources (solar, hybrid autos etc ..)
- develop local means of commerce not based on the failing US dollar.

4) AFFORDABLE HEALTH CARE BEGINS WITH YOU - healthy eating habits and exercise will create less demand on the system meaning lower costs. You%u2019ll have plenty of time to work out once you UNPLUG THE TV DRUG.

5) STOP UNNECESSARY CONSUMPTION & STOP USING YOUR CREDIT CARD !

6) DECENTRALIZE ! - the global economy is nothing more than a ploy to centralize power, control and wealth into the hands of an elite few - blinded by misinformation, the American people are buying right into it - the rich get richer and the middle class is quickly becoming the working poor.

[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.

[Gary Kempf]

excoachKen;
I am suspicious of anything this administration does, If they are doing anything, its because they are covering somebody a**.

[Gary Kempf]

excoachKen;

[omega39-2009]

In the late 90''s Clinton and his Republican cronies did away with The Banking Act of 1935. This act kept Commercial and Investment banks separate. When it was repealed in 1999 the financial services industry was born, and here we are less than 10 years later.

[skyk-2009]

I do wish these people would just leave things be until we can get a real leader in there. EVERYTHING they touch turns to krap.

[excoachken]

Most lame duck Presidents do not initiate "sweeping changes" of any sort in their last 9 months of office holding. Isn''t anybody else a little suspicious of this group of greedy thieves, playing games with an institution that "intelligent" leaders have declined to tamper with in the past.