Comments on: Stocks Post Huge Late-Day Surge

Dow Closes Up More Than 400 Points After Government Says It May Create Repository For Banks' Bad Debt

[strangeworld]

Another republican, another big-time financial sector bailout at the US taxpayer expense. Lets eliminate the middle man here, if the taxpayer has to pay for it anyway why don''t we just forgive all mortgage debt of $100,000/family and let the big financial companies fold. I can''t see why the hard working citizens of the US have to set up a tax trough for big business. What a sick situation.

[mcv57]

F.D.I.C. is just a hollywood illusion in which had keys to the printing press to the Federal Reserve. FDIC never really had any real value or assets ... the last crash bailout in the 1980s was funded by you - the taxpaper.

[hugochavez9]

I have no sympathy for the sudden poverty of investment bankers who''ve gamed and likely destroyed our financial system in the relentless pursuit of wealth.

[mcv57]

... on another note, the Federal Reserve and the Treasury Department has been spending your taxpaper dollars to save the banking system in this country. They use the word "privately owned" just to justify no liability.

[stn_sage]

WHAT?! Wall St. rallies on news that Paulson suggests they expand big government by creating another entity, dump all the debt into it, and let IT hold and deal with it!?

The couple problems I see with this are: 1. it doesn''t change the basic problem---the debt---it''s still there! 2. how much is this going to cost the taxpayer? How much will it add to the overall national debt? 3. expanding the federal government is not the answer, it let''s private banking/investment be irresponsible for what they''ve done!

All this is, is ''smoke and mirrors'' combined with ''slight of hand'' to allow business to be irresponsible! Less wealthy private citizens don''t get these kind of breaks! Neither, should these alleged knowledgeable, professional businessmen! It''s time they start acting like it, instead of hiding behind false, positive stereotypes!

[mcv57]

Posted by tuckerndfw

You sound well informed, I was just educating the blog viewers that the FEDs are has now found a way to screw a dead wh*or*e. :)

[mcv57]

Treat or trickers are early. You folks got to be real wooper of a fool to believe this bs propaganda. I doubt very much that this U.S. Federal Reserve P.O. Box Depository for toxic debt scheme will save the banking system. Its not real accounting.

I suspect the spike you see is Russian Investors pouring in their deluted, valueless Rubies. Mass media is handing you the greatest deception the Bush Administration has come-up with in order to keep your money in the bank.

THE BIGGEST FRAUD IN HISTORY OF THE WORLD. THE FEDERAL RESERVE IS LITERATELY ASKING THE WORLD TO BEND-OVER.

[omded]

So, is Uncle Sam going to pay CURRENT MARKET VALUE for the assets, or is he going to pay FULL FACE VALUE for the bad loans? If the banks forclose on the assets and then sell the assets to Uncle Sam for CURRENT FAIR MARKET VALUE, then it''s not too bad. But, if Uncle Sam is just going to buy the loans dollar for dollar from the banks, then the banks are making out very well! I should open a bank, lend out money recklessly, and just have good old Uncle Sam buy the bad loans from me! But, I have a feeling that priveledge is reserved for the banks. Which means all of us taxpayers take the loss for the banks. I don''t care what political party you associate with. If you just stand idly by while Uncle Sam obligates you to pay for the mistakes of the banks, you''re letting yourself be robbed blind!

[mcv57]

Treat o trickers are early. You folks got to be real wooper of a fool this propaganda. I doubt very much that this U.S. Federal Reserve P.O. Box Depository for toxic debt will save the banking system.

I suspect the spike you see is Russian Investors pouring in their deluted Rubies. Mass media is trying to save the financial market attempts will make this the biggest FRAUD in history.

[rosemari2]

Oh, Goody, the GOP are going to put all the bad debt these thieves have built up into one big pile, like they did when the Bush''s tanked the S & L''s, egh? You bet''ja-------then we taxpayers get to pick up the Tab, AGAIN!!! I already did that once.

GOP=Grand Old Pervets.........but Rich Perverts, thanks to Reagan.

[generey]

Dow Closes 400 Points Up After Government Says It May Create Repository For Banks'' Bad Debt.

Well this sucks! (Up, down, up, down. Its all just a game).

[lovegetpeace]

Posted by rushlimpdrug at 05:18 PM : Sep 18, 2008

I learned a long time ago that Conservatives'' brains see the exact opposite.

If a Conservative sees his house physically burning, he will bet you a million dollars that its not burning. I do not know how they do it.

[lovegetpeace]

Posted by loncheneyjr at 05:09 PM : Sep 18, 2008

The U.S. Government debt is $10,000,000,000,000.00 (10 Trillions). This debt translates into about $88,000.00 for every Americans including babies.

Are you saying Americans are in trouble financially?

[lovegetpeace]

Posted by tuckerndfw at 05:16 PM : Sep 18, 2008

I agreed that it started with Ronald Reagan with his ''Trikled-Down'' economic policies. These policies failed with the Bailout of the Savings and Loans industry in 1988.

Like aways, Americans have a very short memory span.

Then, American voted in again favor of these same failed ''Trikled Down'' Economics policies during the Bush terms.

Americans deserved exactly what they are getting.

[rushlimpdrug]

Viva Pure and Solid Socialism Clear Victory over Capitalism! Bravo!
Posted by lovegetpeace at 05:04 PM


Great post.

We all hate socialism, don''t we?

Im'' sure conservatives will fight all this, right?

[lovegetpeace]

Republican President Bush is definitely the best president for the Democratic Party. No Democrat ever could have ever done what Bush done to help the Democratic Party.

Barrack Obama will be in the White House on 20 January 2009. If not, the U.S. Congress will be a solid SUPER MAJORITY for the Democrats. Either way, Poor Old McCain.

[yeswecan09]

This is a good thing that the Dow is up 400+ now we have a little breathing room!

Now if we only get back the other 500 from the other day, then I can stop worry about grey hair.

[yongamerica]

Didn''t something like happen in the Regan era during his second term?

This must be a Republican pyramid scheme.

[lovegetpeace]

Posted by loncheneyjr at 05:09 PM : Sep 18, 2008

The U.S. Government Debt is $10,000,000,000,000.00 (Trillions).

Are you saying America is in trouble financially?

[lovegetpeace]

Posted by loncheneyjr at 05:09 PM : Sep 18, 2008

The U.S. Government owns $10,000,000,000,000.00 (Trillions).

Are you saying America are in trouble financially?