Comments on: Where Will $700B Bailout Actually Go?

Lawmakers Gripe That Treasury's Plans For Gov't Funds Deviate From Original Proposal

[pmcellig]

While I humbly understand the comments of tootall1014... for I do believe in being responsible for one''s outcome... Which is worse, a working class citizen w/o a savings account, or a greedy CEO, CFO, COO that happens to have one because he/she spends another entity''s funds (the firm''s)for good times, as though those monies were his/her own. Most people do not have a clue about the perks these elite receive once they break through to the top. Now Congress is writing a bail-out bill, that cannot seem to be written in such a way that to make certain the funds are spent responsibly - instead the recipients have their tongues hanging out - salivating at the thought of buying more rather than paying for what they already "claim" to own. Not to worry, if they happen to buy a bunch of worthless assets, they can count on the government to take them off their hands. Bottom line - let''s not criticize a little guy for wanting to "live a little", when the so-called brightest of the bunch can''t set a good example.

[perk235]

Congress should have not trusted the rooster in the hen house to not help his buddies out.

oledakota is correct: this total is much closer to $1 trillion with the other bailouts (AIG, etc.).

[jt_lancer]

As I recall, Dems and Repubs alike supported the taxpayer funded bailout - even though most Americans opposed it. So, do these people really ''represent'' your best interests?

McCain and Obama both supported this ludicrous confiscation of taxpayer money to bail out their Wall Street buddies. What makes ANYONE think things will change with either one of these guys in the Oval Office?

Business as usual in the Den of Thieves (Washington, D.C.).

[serial_artis]

I hate the idea of my tax money going to CEO''s that got us into this mess in the first place. They should all be fire and put in jail. Take everything they got and make them homeless.

Bob C

[antoniof123]

Bust these big companies up that will force them to loan to survive if not then we the Aemricans still win because they are no longer to big to fail.

I am writing my congress people you have 2 senators and 1 congress rep. Write them force them to break up these criminals and investigate them if they so much as find a small little problem lock them becasue they have larger ones some where else.

[americandre1]

I am a subprime borrower who would not like for my family to be in foreclurer
and/or homeless.

I am requesting CBS news do an investigative story on what options the US government is currently considering to help subprime mortgage holders.

I favor the US government purchasing these bad subprime loans restructuring them into fix rate loans at monthly payment that I/we can afford or allowing the courts to restructure these loans.

I demand equal protection under the laws of the United States. So now that the Government is bailing out wall street, now it time to be very specific as to what the government is mandating to help subprime loan
holders and their families. We are hoping that the government will now act faster before our subprime loan adjust.

Thanks


Tyrone Wynn

[brianbwb-2009]

"The key to our nation''s economic recovery is the recovery of the housing market," Dodd said. "And the key to recovery of the housing market is reducing foreclosures."

And the key to doing that is to re-plan, upgrade, and modernize America''s cities and infrastructure, which will provide jobs enough to rebuild the middle class.

Without such a plan, all other measures are futile, sort of like doing a root canal on a terminal cancer patient.

[aztecdakota]

Why is this figure being called 700 BILLION, when everyone knows an extra 150 was tagged onto to it whilst it was being passed? Now there is EIGHT HUNDRED FIFTY BILLION out there somewhere. I don''t know anyone who has seen one penny of it.

[whitemale08]

The 700 billion will go to Hank the Snake Paulson''s buddies on Wall Street so that Goldman Smacks and a couple of other BIG BANKS.

There will soon be only 3 major banks in the country with all of the other competition from healthy Regional Banks driven into bankruptcy and then swallowed up by McCain''s buddies on Wall Street.

[qutlaw104]

It appears that we have given the white house 700 billion with no strings attached. I wasn''t for the bail to start with, Congress should have spent more time getting a firn plan for its use. They should have put more control on how it was to be administered( not that they are any better than the white house) , but it might have looked better. If it was needed why did they have to add 159billion in sweeteners to get it to pass?