The short article I saw in the NY Times didn’t begin to address the issue with the kind of specificity my creditors would demand to extend me credit in the light of questionable situations in my business or personal life. As a taxpayer, I see myself as a potential creditor of (ok, more likely, donor to, which is even worse) anyone who’d be bailed out here. Therefore, I want details. I want accountability on the part of those who will be making decisions on matters not specified in the plan. Etc. There are too many unanswered questions at this point for me to support the current proposal.

The rules in place at the time encouraged capitalists to do exactly what they did. The pursuit of short-term returns, and to heck with the long-term, has been the fashion in capitalism over the past couple of decades.

Raines looted 25 mil per yea for 6 years. That’s 150 million in what the Office of Federal Housing Enterprise Oversight called “unjust enrichment”.

Raine was fined a mere 24 millon for cooking the books, but did not pay a dime out of his own pocket. Fannie Mae and insurance companies paid the entire fine.

There were no consequences for Raines but plenty for shareholders and the public needing mortgages.

Take your Davis BULLSHIT back to Obamaland where only the ignorant will might believe it.

OH NO! What are we going to do we can’t have McCain becoming President he is going to hold us all accountable!!! We can’t have that! What are we going to do? Holy jumping Joseph a leader of the people hw is going to lay it all out there for everyone to see. No more back room deals to screw the tax paying voters! SHIT McCain/Palin might make us all stand up and account for our votes. Not just let us sneak around like rats lying all the time.

That’s one thousand Billion dollars. A Billion dollars one thousand times.

Where’s it going to come from. Don’t you dare let this happen. The minute the money printing presses start cranking out one thousand billion dollars, the dollar in your wallet is going to be worth, maybe, 5 cents.

The more money that gets cranked out into the market, the less each dollar will be worth. Got $10.00. You’ll have maybe 50 cents.

It will be a very cold day in hell when the federal government decides to help Mr. John Smith with his failing family business. Why should the government help Morgan Stanley, Goldman Sachs, Bear Sterns, Lehman Brothers, AIG or any others. The government is NOT in the business of doing business. Unless, of course, you agree to a bit of fascism. Perhaps a little socialism. I say NO.

Let those who have made miscalculations and bad judgments. The guys who handle the oil are NOT giving us any breaks. Why should we give them anything? Let them fail. Remember AMC motor cars? Remember Gulf+Western oil? Remember CompUSA? When businesses run out of money and ideas; it time for someone else to take their turn to get into the act.
It’s call Capitalism.

Fight the bail-out. Let them fail-out!

This argument is hypocritical.

Be advised; this 750 billion dollar bailout is the tip of the iceberg.

It is going to get a whole lot worse before it gets better in ten years or so.

SB190

Obama voted against regulating Fannie and Freddie while raking in more cash from those institutions than any member of congress except Chris Dodd.

Obama was bought off. Simple as that.

I wish the govt would invest in those of us who do pay our bills on time

That is the paramount failure of our system. Why do we prop up failures, and ignore success?? CEO’s of failed companies get windfall compensation, Ghetto Monkeys get Welfare, free Medical Care, and Affirmative Action.

There some too silent voices in the Red Cross and other aid agencies that argue that by providing aid to lawless countres, only perpetuates lawlessness.

The same happens in this country. Bailing out failures allows them to live to fail again and again.

Bail out the debt of a reckless gambler, and that gamble will lose again, wanting the same bailout.

Families go through this time and again with addicted relatives.

The government should be rewarding success and achievment, not failure.

I am tired of being called upon to support idiots, and their failed companies and offspring.

I own my house, car, and am preparing for retirement because I took the BORING road of living within my means.

That does not mean that if someone finds hardship at no fault of their own that we should not help them back up. But it does mean that we should not reward idiocy.