Comments on: Wall Street Rattled By Bailout Angst

Dow Plunges 370 Points As Government Hashes Out Rescue Plan For Banks' Mortgage Debt

[lewiston14]

whitemale08 Im on you side. In an hour you get to watch Paulson, Bernanke, Cox explain their motives to the senate. This should be good, Save us we will loose millions. Pleast tax payer. Say no to the bailout now.

[whitemale08]

"WE HAVE THE CONSTITUTION"

When was the last time that mattered?


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Posted by lewiston14 at 08:02 AM : Sep 23, 2008--

The Constitution allows us to declare bankruptcy to protect us from creditors!

That''s the difference between the Constitution of America and 14th Century Europe where ''debt serfdom'' and imprisonment for debt was the law.

That''s why Europeans immigrated over here to America because of the same thing that happened when the Lombardi investment banking family blew out the economy of Europe and plunged it into a New Dark Age or Medievel Time period.

We can avoid that. The ''founding fatheres'' put bankruptcy protection clauses within our Constitution and within our laws to protect us from British bankers!!!

We can save America today and protect the functioning of banks and let the investment banks on Wall Street die!

[tpraskac]

Have you ever REALLY looked deeply into what you see when you see those clowns on the Floor at the NYSE. I mean they are all a bunch of GREEDY, me first, I need Money people. What a Joke. Hope it all goes down the tubes and you lose everything.

[tpraskac]

"Ask not what your country can do for you but what can you do for your country". Oh yes, start paying up Middle Class. He was right. AHHHHHHHHHHHHHHH

[tpraskac]

Stop thinking of money cant take money to the grave.

[lewiston14]

"WE HAVE THE CONSTITUTION"

When was the last time that mattered?

[whitemale08]

THIS IS CHILD ABUSE ON BEHALF OF THE BABY BOOMERS!!!!!

WE CAN DO IT ANOTHER WAY!!!!!!

DEMOCRATS AND REPUBLICANS UNITE AND SAY NO!!!!!!!

LET WALL STREET BURN!!!!!

[whitemale08]

WE DON''T HAVE TO MORTGAGE OUR FUTURE!!!!

WE HAVE THE CONSTITUTION!!!!!

THERE IS ANOTHER WAY!!!!

SAY NO NO NO TO WALL STREET!!!!!

[whitemale08]

CALL HANK PAULSON''S BLUFF!!!!!!

SAY NO TO WALL STREET!!!!!!!

WE CAN REBUILD AMERICA AFTER WALL STREET!!!!!

DEMOCRATS AND REPUBLICANS UNITE AND SAY NO TO WALL STREET!!!!

[lewiston14]

"Do I get my money back? What do I get out of this"

Posted by sleepyric

You get to try the new five flavors of canned beans Campbells is bringing out.

[whitemale08]

DON''T BAIL OUT THE SWINDLERS!!!!!

DON''T BAIL OUT WALL STREET!!!!

BE BRAVE AND SAVE AMERICA!!!!!!!

[sleepyric]

so let me get this straight...I watch my wife''s IRA and insurance annuity get the living H sucked out of it over a period of months, wiping out any gains they made, and now, as a middle class American citizen, I am going in debt to bail out greedy b@stards who live in mansions, and drive Mercedes? Do I get my money back? What do I get out of this besides screwed??

[brianbwb-2009]

Posted by txgrouch2006

You are mistaken in thinking that this is a bailout. It started as the response to a crisis where the subprime scam blew up in the faces of the scammers, the original talk was to help those who were being made homeless from the debacle.

The natural point was reached where not enough suckers wanted the scam loans anymore, Legislators were starting to turn up the heat, due to complaints from their constituents, and real estate was priced way above reality, so the lenders couldn''t lend anymore.

Then just like "going after bin Laden," morphed into "invading and occupying Iraq", this morphed into "screw the homeless, lets give our already rich buddies some money, so they can kick us back later."

The reason this is no bailout is that the lenders still own the assets, and have collected money, up until the balloon payments forced default, then they repo''ed the property and sold it to some new suckers, and started the same scam again. They have actually suffered no loss, therefore need no bailing out.

[brianbwb-2009]

"It''''s called individual responsibility and accountability and living within one''''s means." Posted by Credibility2

This is so asinine as to be funny, let me ask you, let''s say you pull in say $75k a year, and decide to buy a house valued at, say $200,000. Within your means? Certainly.

Ok, lets say that the company gives you a raise to say, 100,000 per. Pay a little more so as to finish the mortgage early? Put aside a little more savings, and perhaps finally upgrade your computer, so you can build a home entertainment center, saving electricity from no longer needed components?

Ok, lets say that three years into your mortgage, your company folds because the upper management was so greedy they stole the company''s money, forcing it to close, or at least sell off to another company, who lays you off, because they don''t need the redundancy.

Bottom line is if you presume to know what your means will be in the future, then you can live within them, but since you cannot, your post is nothing more than trolling BS.

[txgrouch2006]

This bailout is a CONFLICT OF INTEREST for the members of Congress.

Any member of Congress who is personally involved in subprime lending should BE DISQUALIFIED fom voting on this measure.

It will be interesting to see how many AREN''T disqualified. Would it be a quorum???

[txgrouch2006]

Now for the NEXT objective consideration that NOBODY is talking about because all they want to do is blame someone: WHAT WILL HAPPEN TO THE INCOME THAT IS GENERATED BY THIS BAILOUT???

Huh? you say. None of the news media are saying that. THAT''''S BECAUSE THEY HAVE NO CLUE.

The federal gov''''t is BUYING MORTGAGES. At least SOME of them will generate MORTGAGE PAYMENTS and PAYOFFS when the borrowers sell their houses (it could happen). WHO GETS THAT CASH?????

Will the FEDERAL GOV''''T GET IT???? YES!!!!!!!!!

What will they do with it? Consider it INCREASED REVENUE and SPEND IT!!!!!!!!!!

Any income from these mortgages should PAY OFF THE FEDERAL DEBT, including the $700 billion of loans to BUY the mortgages.

[txgrouch2006]

What is AMAZING to me is that the words CONFLICT OF INTEREST has not appeared in ANY of these news items.

Many members of Congress are up to their armpits invested in subprime loans. THEY THEMSELVES stand to receive MILLIONS out of this bailout. That''s why it is receiving such immediate and overwhelming bipartisan support.

But all the partisan trolls on the boards want to do is have a huge Bush bashing party. All they want to do is decide who to blame.

Meanwhile, the real culprits are STANDING RIGHT THERE reaching INTO OUR POCKETS AGAIN. And nobody in the NEWS MEDIA are noticing it.

[stupidrules3]

Has anyone thought about what happens to the value of the dollar when you print 700 billion new ones? Rampant inflation is on the way. Not to mention the free hand they are about to give the treasury secretary. Write your representatives and senators and tell them that this is BS.

[nuffera]

Hang''em high, let ''em dry! No more getting rich on the backs of us poor and working class who finally seem to be standing up and screaming "NO,NO, NO!!!""

[credibility2]

Let''s first go after the CEOs who collected egregious amounts in their parachutes and pro-rate their final payout based on the collapse of their companies. Next, just let the market fall as it''s supposed to and never mind the taxpayer bailout of Wall Street and contributing forces of the greedy on Main Street. Third, that the Dems primarily are even considering tagging onto any proposed bailout the inclusion of a bail out for home mortgages and student loans is ludicrous. If the morons who got these loans weren''t able to pay off their debt, then they should have never taken out the loans to begin with. It''s called individual responsibility and accountability and living within one''s means. Lastly, McCain nd others are correct that we need an immediate over-sight committee and time to methodically resolve this mess. Paulson shouldn''t be given carte-blance nor a blank check. And, the Dems should just cool their heels; after all, this mess has been percolating at least for a few years and having been in control in Congress, they chose to ignore the problems, preferring to wallow in their own ego-centric political stupidity about pay raises and reduced working schedules. And, isn''t it adorable that Obama has a plan but doesn''t want to divulge it because he doesn''t want to impact the markets further? What a crock! I''m sure he and his ultra-liberal minions are doing the happy dance of total economic collapse to advance their electability for the upcoming elections.