Comments on: Top Senators Skeptical Of Bailout Plan

Despite Dire Warnings From Fed Chair, Sen. Dodd Says $700 Billion Plan "Not Acceptable"

[txgrouch2006]

You people got it all wrong. Its just a loan.
Posted by donnie7992 at 09:12 AM : Sep 23, 2008

And EVERYBODY will ALWAYS pay back their loans. RIGHT?

bwAHAHAHAHAHAHAH! GOOD ONE!

Nice irony there, Ironsides...

[brianbwb-2009]

"Lawmakers in both parties appeared to be coalescing around the idea that executive compensation limits should be part of the bailout, although Paulson says he is concerned that such curbs would discourage companies from participating."

If they don''t participate, they fail, simple as that, their non participation means nothing to us. At this stage they are not in the position to demand their golden parachutes, as we are under no obligation to give them.

Paulson is just trying to aid the thieves get "compensated" for running their firms into the ground, the answer should be "no", with a middle finger for added emphasis, the companies can take it or leave it.

[txgrouch2006]

When the gov''t buys all the mortgages, they will generat INCOME.

The gov''t will receive monies from:
- Borrowers who are still making their payments
- Loans that get paid off when borrowers move and sell their homes
- Loans that get foreclosed and the homes are sold at auction

THESE MONIES MUST NOT BE CONSIDERED "REVENUE" FOR THE FEDERAL GOV''T TO SPEND!!!!!!!!

All monies received from these mortgages MUST go to PAY OFF THE FEDERAL DEBT, including the $700 billion loan for THIS BAILOUT.

[txgrouch2006]

How about the ARCHITECTS OF THE BANKING DEREGULATION OF 1999 who CAUSED THIS MESS IN THE FIRST PLACE????

The FIRST IN LINE to testify should be
John McCain
Bill Clinton
Phil Gramm
.....

YOU CAN''T BLAME ONE WITHOUT THE OTHER.

[gmcnally2]

Please don''t do this. It is robbery. Let them crumble. Spend $700 Billion on affordable housing instead. Create jobs, get people into low cost homes with a mortgage they can afford. Skip the rich middlemen who are bleeding us dry and into indentured servitude. There are so many better ways to spend $700 Billion on fixing our economy. Let capitalism run its course.

[tbuckl]

The Government should give that 700 billion to the people of the middle class and poor not the banks. Bail out the American people not those corporations and banks that took our jobs overseas so they could use child slaves and polute the land, air, and water. Bail out the American people with these money and the American people will fix the banks. If you bail out the banks, the American people will pay the bill and get nothing in return except the same old crappy bank system. It is the peoples money, give it to them not to those who created this mess while buying 30 million dollar boats, vacation homes, and airplanes. Let them be broke for a change.

[grumpas]

The idea that the American taxpayer should give these crooks 700 Billion to bail out Wall Street with literally no oversights really worries a lot of us! It looks like another one of the White House''s ''chicken little'' get rich schemes that the taxpayer is going to dearly regret when they are taken to the cleaners by this corrupt Administration!!!!! Let''s face it folks! This Administration makes the Mafia look like a bunch of school boys playing thug!!!!

[whitemale08]

PLEASE READ THE BILL FOLKS,

IT''S A TREASON BILL TO ALLOW GOLDMAN SACHS BANKER HANK THE SNAKE PAULSON TO BE A ''FINANCIAL DICTATOR''!!

PLEASE READ IT....IT''S TOO DANGEROUS!!!!!

AND IT WON''T WORK ANYWAYS!!!!

[jjp735i]

Congress better ask the question "How are we going to pay for this" and Congress better get a CLEAR answer before doing anything else. No more Bushit spin like we have had for the past 8 years. We are getting tired of smelling it.

We, the tax payer, are once again going to pay for the Republican Parties mistakes. Either we are going to be paying more in taxes to cover up this large wound or Congress will have to cut money from programs. The money has to come from somewhere.

[docpeter1953]

From the above article, "Lawmakers in both parties appeared to be coalescing around the idea that executive compensation limits should be part of the bailout, although Paulson says he is concerned that such curbs would discourage companies from participating."
__________

OK CEO, participate or else you get no help. This is sort of like being homeless and being offered a place to live and saying you don''t like the color of the room, please repaint it and I will sleep there. The answer should and must be NO, take it or leave it as is.

[nextgenman]

Bernanke and Paulson: Hurry! Don''t carefully consider spending $700 BILLION fo Taxpayer money we DON''T Have and DON''T look too closely at what we''re doing with it and DON''T EVER think of having any oversight! Let Paulson have TOTAL Dictatorial Control!

Remember, be afraid! Leap without looking in Fear!

[gmcnally2]

Silverado Savings and Loan collapsed in 1988, costing taxpayers $1.3 billion. Neil Bush, son of then Vice President of the United States George H. W. Bush, was Director of Silverado at the time. Neil Bush was accused of giving himself a loan from Silverado, but he denied all wrongdoing

[gmcnally2]

This is so reminiscent of the Savings and Loan scandal that it is scary. No accidents here.

The Lincoln Savings led to the Keating Five political scandal, in which five U.S. senators were implicated in an influence-peddling scheme. It was named for Charles Keating, who headed Lincoln Savings and made $300,000 as political contributions to them in the 1980s. Three of those senators %u2013 Alan Cranston (D-CA), Don Riegle (D-MI), and Dennis DeConcini (D-AZ) %u2013 found their political careers cut short as a result. Two others %u2013 John Glenn (D-OH) and John McCain (R-AZ) %u2013 were rebuked by the Senate Ethics Committee for exercising "poor judgment" for intervening with the federal regulators on behalf of Keating.[10]


http://en.wikipedia.org/wiki/Savings_and_Loan_crisis