Comments on: EU Leans On U.S. To Fix Financial Crisis

Urges American Lawmakers To Take "Responsibility" As Uncertainty Plagues Global Markets

[iowa0319]

President George W. Bush - ARE YOU HAPPY NOW? You and all of the idiots who voted you in to office should be ejected from the USA.

[noloyalisti]

Kill the bailout bill. No more welfare for the right wing corporate scum. Help the people and fix the commons. No more Government of Pigs candidates in government. They are a confirmed failure.

[maine11111]

Biblical times people can you say ONE WORLD GOVERNMENT!!!!!!!!!!

[rickwar]

"Screw the EU, Australia, or anyone else."

Welcome to the Global Economy, you screw them they screw us.

[stuarthud77]

"IF THEY WANT THIS THING HANDELED SOON THEN THEY SHOULD PUT SOMETHING ON THE COST!!!! THERE JUST AS GULTY AS ANYBODY ELSE."

Actually, a lot of EU countries have never allowed the sort of mortgage reselling and massive borrowing levels that have caused these problems precisely because the risk of everything coming crashing down as it has.

I think the thing is different EU countries are different. Countries like Britain and Ireland are in a similar position to us, but the governments of countries like France, Spain, Italy and the Scandinavian countries have never allowed the sort of deregulated, complete financial free-for-all which has landed us in this mess.

It''s not surprising that those countries are pissed, just like the millions of people like me who didn''t live in this fantasy world of "property value can only ever go up so lets remortgage everytime we want a new TV" nonsense which also caused the problems we are in.

[Michael Arnold]

Screw the EU, Australia, or anyone else.

[livewire190]

"The European Commission on Tuesday urged the United States to show "statesmanship" in the financial crisis for sake of world economy."

IF THEY WANT THIS THING HANDELED SOON THEN THEY SHOULD PUT SOMETHING ON THE COST!!!! THERE JUST AS GULTY AS ANYBODY ELSE.

[livewire190]

This damage was brought about under REPUBLICAN leadership

Our current President is REPUBLICAN

John McCain is a REPUBLICAMN and has voted with the REPUBLICAN President 95% of the time.

...when you decide your votes this November remember these facts.





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Posted by SHURCH4TRUTH at 11:23 AM : Sep 30, 2008

could not have said it better my self.

[dredre2k]

"The European Commission on Tuesday urged the United States to show "statesmanship" in the financial crisis for sake of world economy."

Oh no the DIDN''T EVEN tell us to show some statemanship... the EU had its hand in the cookie jar just as much as wall st. My tax money definitely isn''t going towards helping foreign banks (as proposed in Paulson''s original plan). Not after I went to france and had to shell out $1.50 per 1 euro.

NOT EVEN! *Two Snaps and an X~!

[missingamerica]

Market is going up...what does that mean?

Why, it means that those people who the Republicans spent the last 30 years ensuring had plenty of money "trickling up" to them are speculating with that ill-gotten liquidity that their control of their Republican legislative puppets will win in the end, and more money will gush into the credit markets.

Now that is confidence...but then again, they do say that once you buy a Republican Congressperson, although they may posture some for political purposes they ALWAYS stay bought.

[missingamerica]

Republicans are weird.

Give away $50 billion in entitlement spending? Bad, horrible, it is the end of America...

Let somebody steal WAY more than $700 billion or shoot $3 trillion (eventually) on a war started with lies?

No biggie.

lolll..yup, Republicans are weird...at best.

[oscarez]

This will teach the EU not to invest in a Republican run government and Wall Street. You guys took a chance and lost so stop crying!!!

[coconnor55-2009]

No, no, no bailout, no "rescue" as proposed. Change the plan. It pumps good money after bad, helps the wrong people, and doesn''t address the impact of the mark-to-market rule or the far larger problem of credit derivatives. Mark Lewitt at Hegemony Capital had a good starting plan - it needs more but this is a better start than the bailout plan favored by Paulson. There is time to fix this.

The government should announce that it will effectively stand behind the U.S. financial system against failure through some sort of guarantee or insurance program. The government has already done this with respect to money market assets. Similar to what Ireland just did.

Mark-to-market accounting for financial institutions should be suspended for an indefinite period. Since nobody knows what these assets are worth, we should not drive the system into insolvency trying to place a value on assets that nobody is willing to purchase at the current time.

The Federal Reserve should reduce the overnight interest rate by 75 basis points immediately. This will allow financial institutions to begin to earn more on their assets, which will begin the process of rebuilding their balance sheets.

The Securities and Exchange Commission should announce the formation of a study group that will report back no later than December 31, 2008 on a comprehensive regime for regulating the credit default swap market.

[stuarthud77]

Easy to see why some of the EU countries are a little pissed. They''ve been sticking to the basic rules of economics: not letting their companies run rings around their authorities, not letting them borrow ridiculous amounts, hundreds of times the cash & assets they have available etc. yet still they''re suffering because our government has let companies here do whatever they want.

We could just take a childish "screw them" attitude but I doubt they will then be willing to do trade with us or lend our companies money again.

[missingamerica]

[bq]
added Washington had a "special responsibility" toward the global economy.
[eq]

Makes you mad, doesn''t it? Here you though that you, as an American, were special...

But noooooo, it turns out the Republicans were *** everybody in the world.

What a bunch of ***.

[carpriddler]

You wanted a president that is the kind of guy you could have a beer with you got a president that is the kind of guy you can have a beer with.

[zwaggsy]

To Docpeter1953.

Actually there are 27 member states.

[martin9p2]

Why doesn''t Kuwait kick in about $1Trillion, for starters?

[martin9p2]

Is the US eligible for foreign aid now?

[docpeter1953]

Virtually all the financial aid that the US gave Britain came in the form off a very large loan with considerable interest that we only just finished paying back some months ago!

Posted by zwaggsy at 10:51 AM : Sep 30, 2008
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Britain isn''t the only nation in the EU. I am not sure who all of them are, but i suspect Germany, Belgium, the old Yugo and Cezch, Swiss, etc. Aren''t there 10 nations in all?