Comments on: Will U.S. Taxpayers Need A Bailout?

Declan McCullagh Says Plan To Partially Nationalize U.S. Banks Has Many Potential Perils

[docpeter1953]

Will U.S. Taxpayers Need A Bailout? - - - -

Yeah, right...whose backs to you propose we put that one on???

Posted by DaVicar1 at 10:01 AM : Oct 15, 2008
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Illegal working immigrants, they are alkready use to carryinbg the burden:-)

[docpeter1953]

From the above title, "Will U.S. Taxpayers Need A Bailout?"
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Heck I already do.

[bailmeout1]

I am no economist and only look at these things through the standpoint of Common Sense, but doesn''t a company like AIG have competitors? If not, why not? If yes, what about them? This whole thing is a mess! One big corruption mess!

[goldengoblin]

And were they threatened with Martial Law if they didn''t pass it as I have seen on CSPAN?
If so then, they should have stood up and said no! Let it melt down so that it readjusts itself back to what it should be instead of this way over inflated thing we call a ''free market''.

[bailmeout1]

After the bill was passed, the markets crashed. That was a ramification of that bill. Ok, some people decided to get out and sold at the new low price. Here is the scoop; They sold to "someone". Now those buyers then realized a profit as the stock rebounded. Ok, so far all is cool. But what about the sellers that lost money? After all, they were driven to sell by the fear imposed by the total of the earlier actions of Congress and Wall Street. It was not their fault. Should we bail them out also?

That cycle never ends, Government needs to be out of Wall Street not deeper into it. Regulations - yes. But lets call them laws instead of regulations. We all have laws to follow, that is not government interferance.

[pirmin3]

Now congress and the greedy administration have their blood sucking hooks into ever more spoils. They relax rules and make a killing and then reverse the rules and make a killing off of what is left!! Have your cake and eat it too. The moronic voters in the USA can''t get enough of it - bend over boyz and girlz and spread ''em again.

[bailmeout1]

But what congress did was the only possible way even if I didn''''t like it.
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Posted by antoniof123 at 09:27 AM : Oct 15, 2008

You only think it had to be done, because you were told it had to be done. I agree that something had to be done. But that is more along the lines of criminal prosecution, not to Wall Street but with Congress. As far as I can see, those on Wall Street perhaps were unethical but they are there to make money. Congress had absolutely no reasoning on passing this bill. They admitted that! To a man they said "We don''t know what effect this bill will have, but we have to do something". So why pass it? And why rush it? And why add pork to it? What is wrong with careful analysis? Oh that%u2019s right, it HAD to be right away. Well that is wrong now isnt it. The market moves by confidence level. All Congress did was to destroy that confidence level - thank goodness that, once again, the American public saw that the markets had gone artificially low and that now was a smart time to buy.

But that argument is the other story - since you have no problem endorsing that bill, I guess you are also ok with its ramifications brought out by this article?

Congress passed it for one reason and one reason only. "Hey guys, we don''t have a clue as to what $850 billion dollars will do in this situation but if we can get to even a percentage of it - we are set"

[antoniof123]

bailmeout1 while I did not like this bailout I also know that it had to be done as with most people in this country. The danger of doing nothing could have sent the world in to a financial meltdown. Now while some people don''t care and think we would be better off and stronger that is just garbage. As the leaders in the economy of the world we have a fudiciary responsiblity to the world for what we have caused. Therefore, we had no choice. Of course if the dervitive market collapses then we can all wait for all hel1 to break lose.

But what congress did was the only possible way even if I didn''t like it.

[bailmeout1]

No chit Sherlock! Why do you think the American public was so against this thing? There is not one thing in this article that I had not already deduced through Common Sense. Yet the Congress rammed it through - and had the gall to add pork to it. That is why we are voting them all out - regardless of party.