Comments on: Public Bank Bailouts Boost Markets

Exchanges Rally In Asia, Europe As Governments Ante Up Taxpayer Money To Restore Banks

[checkthepast]

Sorry brianbwb, but I can''t blame Ike for the social ''gimme''s'' that have been given out to ''minorities and low income americans for the past century and the current collapse in confidence is souly related to failed mortgages which were high risk and never should have been given out to start with. The only thing partison about this is which side of the aisle fought to control Fannie and Freddie and which side didn''t. As David Oreck said last night the difference between now and the Great Depression is then people were looking for jobs and today they are looking for handouts.

[checkthepast]

The 2004 Congress shows exactly how we got here.
Posted by checkthepast at 08:38 AM : Oct 13, 2008
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Wrong. Republicans caused this. Plain and Simple.
Posted by wherenextnow

If you have not watched congress put us in this with their ''affirmative banking'' process of high risk loans thru Fan & Fred then you need to educate yourself instead of blaming the Reps.

Start with
www.youtube.com/watch?v=_MGT_cSi7Rs

Even though the ''shocking'' headline is a bit much (It was no shock to me) the reality is on the table for all to see.

[brianbwb-2009]

Posted by checkthepast

If you live up to your sig, you will find that the problem began in Eisenhower''s day, when our "secret" military mess in South east Asia allowed war profiteers to begin the robbery of the US economy.

Kennedy died because he was going to stop it.

Johnson used a lie called "the Tonkin Gulf incident" to expand it, by 1972 the US, having lost $13 trillion since 1956, was basically financially and morally bankrupt, and Nixon could no longer afford it. He had to sell off the gold in Ft. Knox to cover the loss, while the automakers chose this time to close factories, which reverberated through steel, mining, and even entertainment.

Carter wouldn''t extend Nixon''s wage and price freeze, and so got blamed for the inflation, when OPEC, given the ability from Nixon, devalued the US dollar.

Reagan''s trickle down economics, union busting, and war corruption (Iran-Iraq) further depleted the treasury, and the middle class, until there was no one to lend to, so banks lent to anyone, and created default swaps to cover their sharking.

The problem is between rich corrupt and the rest of us, your partisan blaming of one political party is the mark of being not too bright.

[wherenextnow]

Sorry for your luck, but when REPUBLICAN Bush has REPUBLICAN Paulson begging on his knees for DEMOCRAT Pelosi to help pass the Socialist Bailout, you have a a delusion issue on your part.

When REPUBLICAN John Boehner gives an angry diatribe and blames Pelosi for sabotaging the Republican Socialist Bailout becuase she gave a speech on the House Floor that caused rebel Republican to actually act like Republicans and vote against the bill, you have a serious lack of credibility.

When you have REPUBLICAN McCain politically stunting his campaign to an early grave and racing to Washington to BEG those rebel Republicans to vote FOR the Republican Socialist Bailout, it makes you look ridiculous.

Sorry.

The Republican National Socialist Party.

[hologram5]

GOP is the biggest "threat" to our national security. Here comes martial law, you watch. It''ll take more that a brigade of mercenaries to keep the most heavily armed country on the planet from civil unrest.

[missingamerica]

Check the past. The 2004 Congress shows exactly how we got here.

Posted by checkthepast at 08:38 AM : Oct 13, 2008

I do not understand how you can have a nic like "checkthepast" and overlook the fact that the Republicans controlled EVERYTHING in 2004.

[wherenextnow]

Ah, the sweet smell of Republican Socialism. They screech, "Free Market! Deregulation!" until the screech, "Socialism! Nationalization! Bailout!"

[wherenextnow]

a vote for McCain is a vote for financial suicide.
Posted by cbsblogger

The names that are the cause of the financial mess are Frank Raines, Barney Frank, Herb Moses, Meeks, Clay, Davis, Pelosi and Waters. McCain and others did their level best to stop them but couldn''''t. The only Democrat that was on the right side of the issue was Bill Clinton. Check the past. The 2004 Congress shows exactly how we got here.

Posted by checkthepast at 08:38 AM : Oct 13, 2008
-----

Wrong. Republicans caused this. Plain and Simple.

Next.

[checkthepast]

a vote for McCain is a vote for financial suicide.
Posted by cbsblogger

The names that are the cause of the financial mess are Frank Raines, Barney Frank, Herb Moses, Meeks, Clay, Davis, Pelosi and Waters. McCain and others did their level best to stop them but couldn''t. The only Democrat that was on the right side of the issue was Bill Clinton. Check the past. The 2004 Congress shows exactly how we got here.

[wherenextnow]

The five senators, namely Alan Cranston, Dennis DeConcini, Donald Riegle, John Glenn, and John McCain, were investigated by the the Senate Ethics Committee. Cranston was reprimanded, Riegle and DeConcini were criticized for acting improperly, whereas Glenn and McCain were cleared of impropriety but criticized for poor judgment

Posted by tonic16612 at 08:19 AM : Oct 13, 2008
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And all five of them were immoral and showed a lack of values.

[wherenextnow]

Its all "Free Market!" until they screech "Socialism!"

[cbsblogger]

I tend to agree with previous posters that a vote for McCain is a vote for financial suicide. The markets would crater worldwide on our stupidity.

Also I agree that we should vote out all incumbents, or at minimum those responsible for the tax cuts and the increased spending and an Iraqi War that has doubled our debt. For 30 years Congress and the Presidents have encouraged the outsourcing of America and a financial policy of ever increasing debt.

[tapsettle]

Bin Laden finally wins. Nice one Bush, along with losing your own war-on-terror you also handed over US superpower status. Has there ever been a more stupid US electorate than the one that elected this dumb-arse twice?

[ajaxtheleast]

RIGHT !!!

The little people finance the big people

to jazz up their stuff

to sell it to the little people

with no money left to buy it.

How could this possibly fail!!???

[tincup356]

so people does it still look smart to vote theses same people back into office again...just because they are a democrat or republican? its time to vote out every single incumbent bar none , they are the ones who have gone to sleep at the wheel and crashed America They would make any citizen pay dire consequences if they were responsible so the same fate is only fair for them too.They put some ideas to work with their sayings, people want change and stay the course. Yes indeed, we want change, change every face in every office in Washington, and "We the people ,will stay the course until we have accomplished this goal to purge corruption and misrepresentation from the halls of Congress.

[waspeus]

If we''re lucky to get out of this hole, write your congressman !! We need better protection against this. Let them work hard for our vote. The system needs lots of fixes. Capitalism will never be perfect, but the way it works in America it''s just insane... And yeah, let''s get out of Iraq, we''ve got better things to do with that money :) Like electric cars, wind farms, solar panels and so forth. Let them drink their precious oil.

[FHMullane]

Anyone who votes for McCain must have a financial suicide wish

[neoconrcrazy]

money is never lost -

it just changes pockets.

those with capital will now buy cheap and your "losses" will become their gains on the upswing.

[neoconrcrazy]

it''s now clear we are the not only the worst evironmental polluters in the world but now
also the biggest toxic financial polluters too.

the biggest cost item for any family is their home, thus it is the biggest "market" in america - making loans too easy was a mistake. But bundling them into "asset-backed" securities, getting them a Moody''s AAA rating, and then selling them as such around the world was just plain criminal negligence.

and it was made possible by those whol allowed for "un-regulated" financial markets.....

[wl7bzh]

Ok, now we''ve seen this pattern before. Bottom feeders will rapidly scoop up the new supply of money. Once the "sugar high" wears off this thing is going to tank again,if you can believe it, even harder.

How much longer we''ve got before all heck breaks loose is anybodies guess. Keep in mind that this quick fix is only going to make the coming crash worse. Get ready as best you can.