Comments on: Lawmakers Grill Bailout's Architects

Paulson, Bernanke Tell Lawmakers Strategy Needs To Be Flexible

[steamed2]

So Paulson appeared before Congress saying he had changed his mind because ''it had become clear that the first installment of 350 billion wasn''t enough horsepower''? This is the guy that in 1999 lobbied for repeal of the Glass-Steagall Act of 1933, and in 2004 urged Congress to release the major investment houses from the net capital rule, the requirement that their brokerages hold reserve capital, thought to be one of the major causes of the ''meltdown''. In the bailout''s original form that Paulson tried to pass, it said "Decisions by the Secretary .....are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." And you people are wondering what''s wrong. Oh, brother! One of the guys that should be locked up is still in charge, for crying out loud! Its clear that Congress knowingly misled us and assisted in the malfeasance ongoing in the financial sector of America today. If you would like some interesting info, check out http://www.peak.org/~LW584

[be_real]

Lawmakers Grill Bailout''s Architects
Paulson, Bernanke Tell Lawmakers Strategy Needs To Be Flexible

How many meetings they need to make a frinking decision? C''Mon lets get this $hit moving already people.

[perceptions5]

LOOK the Democrats in our 110th Do Nothing Democrat Congress were the ARCHITECT''s who CREATED this bill.

You mean they don''t even know what they authorized?

If this clueless liberal underperforming bunch think they can do a better job than a guy who knows how Wall Street works, Paulson............................... then take the reins Democrats.

Gee whiz who are the clueless Dems going to blame after January 20th?

After all this is the same bunch that came to power nearly two years ago that took their eye off the economy to conduct their "poitical lynchings" and endless votes on "US troop withdraws" from Iraq.

And of course the most corrupt and worthless institution in America today, our mostly corrupt liberal NAZI-like MSM wolfpack press covers for them.

Just like they did for their new hero Obama.....................................sad and true.

[antoniof123]

Paulson, Bernanke Tell Lawmakers Strategy Needs To Be Flexible

Alright NO BONUS can you tell them that.

[gop_will_win]

Everybody''''s talk''''n about ''''maybe its a good thing to let companies go bankrupt''''.. well, maybe its a good thing too if the country does.


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Posted by william7900
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Your money will be worthless then.

[whitemale08]

REPUBLICANS AND DEMOCRATS UNITE AND TELL CONGRESS TO CANCEL THE CHARTER OF PRIVATE FEDERAL RESERVE SYSTEM!

WE MUST DO THIS NOW BEFORE WE ARE EATEN ALIVE BY OVER A QUADRILLION IN WORTHLESS KRAP DERIVATIVES!!!!

[hoodwinked3]

Understand that the very existence of a business flows through your wallet. If your wallet is open then businesses will thrive and if it is closed then businesses are destroyed. What I%u2019ve witnessed so far is that there has been no attempt to free up the income that we earn by lowering/removing taxes and/or lowering/removing interest rates. Our government has chosen to funnel our tax dollars directly to where THEY WANT IT, to where it will benefit them the most and bypass the interest of the %u201CPEOPLE%u201D completely. If they are supportive of a true free market economy then they must give back what I earn on the front end so that I can place that cash where I WANT IT and ultimately that money will support businesses on the back end. But that is what they are afraid of. They don%u2019t want %u201CWE THE PEOPLE%u201D to gain from their mistakes - to gain an edge over big government - nor can they place the interest of THE PEOPLE before their own. That%u2019s why government and big business are in this mess together because they are now one and the same. It%u2019s all one big investment party and we%u2019re not invited! If the people gain then the businesses will gain %u2013 NOT THE OTHER WAY AROUND!!

[ocasanas]

Now they aren''t smiling any more as it was the case on the first picture earlier this morning.

[whitemale08]

CALL CONGRESS AND TELL THEM TO "SHUT-DOWN THE FEDERAL RESERVE SYSTEM NOW"!!!!!!

REPUBLICANS AND DEMOCRATS UNITE AND TELL CONGRESS TO ''SHUT-DOWN THE MULTI-QUADRILLION-DERIVATIVES MARKET NOW"!!!!

[whitemale08]

This is PATHETIC!!!

The American people begged you guys to say "NO TO THE BAILOUTS"!!!!

Now you look stupid asking these clowns "WHAT HAPPENED TO THE BAILOUT MONEY?"

THE AMERICAN TAX-PAYER IS BEING LOOTED RIGHT NOW!!!!

No help for foreclosures just billions handed out to Goldman Smacks to buy up banks and consolidate when they are absolutely and with out a doubt BANKRUPT!

Instead of hearings, haul off ''helicopter-Ben'' and Hank the Snake Paulson off to jail and SHUT-DOWN THE FEDERAL RESERVE SYSTEM NOW!!!!!

These ''wise-guys'' are doing nothing more then SUCKING the BLOOD out of the American people to save over a QUADRILLION IN WORTHLESS DERIVATIVES!!!!!

CALL CONGRESS AND TELL THEM TO ''SHUT-DOWN THE DERIVATIVES MARKET NOW"!!!!

[scb111_11]

Much of these bailouts for Fannie Mae and Freddie Mac to pay debt held by China and Japan!!!

http://www.bloomberg.com/apps/news?pid=20601087&sid=aFQwLGTYEM3Y&refer=home

[babooph]

Paulson -give massive taxpayer funds to the failed crooks-they then they lay off their work force & use the $ for billions in "BONUS"$ for themselves-the propaganda system sells Bernanke & Paulson as the "BRAINY ONES "!!!

[wdrussell1]

This is just like Iraq. Bush gets hundreds of billions, hands it out to his friends, then goes back and asks for more hundreds of billions.
Sure something has to be done. Trickle down recovery will be as big of a failure as trickle down economics.

[berniew4]

PEOPLE never learn from history. In 2w006 the economy was fine. OLEEEZE bring me back to 2006
. Then the demos won congress and OBAMA started winning attention. now look at us. Wait until late JAN. Will we ever recover ?? OH YESS We should blame BUSH That excuses the stupid demo/libs who will now be in charge with NO NO NO reposibilty for anything ??

[scb111_11]

Posted by Hackerpc at 10:37 AM...many countries during the meeting of the G20 already ask to move monies away from the US dollar?

[gop_will_win]

Excuse me? The bailout plan was an idea from the liberals.

Posted by gop_will_win at 10:23 AM : Nov 18, 2008

ROFL!!!


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Posted by CBSNews53
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Laugh all you want liberal but that doesnt negate the fact that this is all the fault of liberals.

[scb111_11]

Let the Markets work their problems out without anymore of the taxpayer''s monies. If they go bankrupt, so be it. The ''free-market" system is a $56 trillion business in the American economy. It can take a $5 trillion hit and recover.

[gop_will_win]

George "Stupid" Bush was wrong in offering this "bailout" plan from the beginning. Let the markets work things out for themselves. Companies go out of business everyday, file for bankruptcy and move on. This plan was a "failure" from the start!


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Posted by hclinton2012
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Excuse me? The bailout plan was an idea from the liberals.

[berniew4]

CAPITALIESM should be simple!!.. Make a profit ,be successful, pay top bonuses PAY OUT OF PROFITS and continue your great company. We now want to punish the successful ones and reward the failures. Are you sure OBAMA,DEMO,LIBS are against this thinking ?? will help . This is stupid. Let them fail and be replaced by new profitable execs. Let them be replaced by the OIL COS EXECS DRUG CO EXECS WALMART ETC

[donevis-2009]

I believe the stock market was manipulated by wall street to crash so that this bailout could be implemented.
Posted by demswin08

Hopefully congress will demand and get some sort of transparency of where our money is going. As far as manipulation of the market it''s become apparent that the daily ticker is no longer a economic indicator, as much as it''s become a score board for the floor players. With daily swings of hundreds of points it means nothing to the average investor anymore. Our system is being hijacked from under us and these financial big guns are doubled over with belly laughter as they pull off the most gigantic rip-off in the history of the world.