Who should pay for the Wall Street Bailouts

[Red Dawn]

Who should pay for the bailout of banks, insurance companies, and investment bankers?

Only putting up realistic options.

Because you won't find a single US Senator or presidential candidate willing to cut 700 billion from medicare or SS to pay for Wall Streets bailout.

 

[HoleInTheVoid]

nobody

Gov't subsidized parachutes is what made prices and risk-taking go up.

Leave a pile of money on your desk some day and tell your people to only take what they sincerely think they need.

You'll be amazed at how much they think they need.

 

[sealybobo]

Who should pay for the bailout of banks, insurance companies, and investment bankers?

Only putting up realistic options.

Because you won't find a single US Senator or presidential candidate willing to cut 700 billion from medicare or SS to pay for Wall Streets bailout.

No matter what they will raise the price of goods, so don't let them scare you with that.

They are going to print more money. Look up hyperinflation.

What's up with section 8 of this bill? No court or administration can question Paulson?

I say lower every loan to what it is worth. If your home went down $30 Bam! I just put a shit load of money in your pocket, and now you will pay your loan. The Feds won't have to print more money.

Is there a down side?

 

[sealybobo]

If your house is paid off, you get a $30k tax credit. Because they lost too.

The banks will loose a lot of money. They won't get the $700billion bailout and they'll lose the money we no longer owe them, but at least they'll stay in business.

And my guess is this is the end of social security.

 

[WillowTree]

Nobody should pay a dime until the ceos, all congresscritters, and the president are stripped of every dime they own. then we will talk

 

[Red Dawn]

Investment banks.

Multi trillion dollar insurance companies.

Wall Street tycoons.




The rich can pay for their own bailout. Raise taxes on the wealthiest americans to pay for it.

Why the fuck should the middle class have to pay a penny for bailing out these Wall street mega-companies?

 

[Kevin_Kennedy]

These bailouts should not have happened at all. The companies should have went under.

 

[Caligirl]

Nobody, ditto hole in the void -

Isn't it interesting how this event has blurred all the lines ... I agree with Gingrich on this one.

 

[Gunny]

Who should pay for the bailout of banks, insurance companies, and investment bankers?

Only putting up realistic options.

Because you won't find a single US Senator or presidential candidate willing to cut 700 billion from medicare or SS to pay for Wall Streets bailout.

I'll bet if you suggest those Congresspersons take a pay cut or lose their earmarks they'll be carving up SS and medicare so fast you won't see the blade moving.

 

[chapstic]

only firm that has an arguable reason to be bailed out is aig. the people who couldn't afford their houses, can now move into an apartment.

 

[Gunny]

These bailouts should not have happened at all. The companies should have went under.

When and if these companies go under, what is the impact to our economy?

I agree, they should have been allowed to go under back in the 70s instead of being bandaided by the government every so often since. It would have hurt a LOT less then.

I just don't think we can afford to take the hit now.

 

[Caligirl]

Doesn't matter, we take it anyway.

 

[Kevin_Kennedy]

When and if these companies go under, what is the impact to our economy?

I agree, they should have been allowed to go under back in the 70s instead of being bandaided by the government every so often since. It would have hurt a LOT less then.

I just don't think we can afford to take the hit now.

The economy is going to hit rough times no matter what we do. These bailouts only add to the overall problem, however. Increasing the budget and spending money we don't have is not a solution. Right now a second great depression is probably the best we can hope for. It's going to get a lot worse.

 

[Zoomie1980]

Who should pay for the bailout of banks, insurance companies, and investment bankers?

Only putting up realistic options.

Because you won't find a single US Senator or presidential candidate willing to cut 700 billion from medicare or SS to pay for Wall Streets bailout.

100% of those who loaned it or bought the paper and derivatives

NONE of the borrowers should be bailed out either. If they lose their home....tough, the never deserved it anyway.

 

[Ravi]

I voted for the rich, as they are the ones that have profited.

But I'm beginning to wonder, does there really need to be a bailout?

 

[Skull Pilot]

you forgot an obvious option:

No One

 

[NOBama]

I vote no bailout at all. Nona, none, zilch, zip; with the exception of truth in lending law violations.

Greed and greed alone put these companies and mortgagors in financial turmoil. Regardless of whether they fail or we bail them out the impact on the economy will be negative thus affecting each of us.

Should we really be spending future taxpayers’ dollars to provide relief for corporate America? I think not, especially in light of the fact that we’re already saddling these people with trillions of dollars in debt as the result of the “Terrorist Wars”.

As far as the mortgage crisis; I believe the RTC should be charged with the task of resolving and disposing of every defaulted mortgage in the US, on a case by case basis, providing assistance for only the segment of that group who can prove that "truth in lending" laws were violated, which ultimately got them into their current situation.

Admittedly, I have a bias interest in this mortgage situation. Nobody gave a rat’s ass that I’ve had rental units that went empty for over a year in some cases because young families who would have and should have been renting and saving to build a future found instant gratification in buying a home with little to no equity, and in some cases, without even building equity in their new “investment”!

What about the “investors” and “flippers” who got caught when the collapse began and are loosing their asses on current inventory. Why the hell should we be charged with bailing these people out? They should sell those properties at a loss and move on, shouldn’t they?

I feel like I could write a book sighting point in case examples of people who became millionaires on the backs of the young and ignorant knowing full well that the housing bubble would burst eventually, leaving the very people who made them wealthy in complete turmoil. If some of these greed mongers got caught holding the bag, tuff shit.

Finally, if the shmuck I’ve elected to back for president votes for this bailout, such as it is, or doesn’t vote at all, it will cost him my vote.

 

[sealybobo]

Who should pay for the bailout of banks, insurance companies, and investment bankers?

Only putting up realistic options.

Because you won't find a single US Senator or presidential candidate willing to cut 700 billion from medicare or SS to pay for Wall Streets bailout.

I Support the $700 Billion Mortgage Bailout
I Oppose the $700 Billion Mortgage Bailout

Tell Congress what you think

Congress.org - Oppose the $700 Billion Mortgage Bailout

 

[sealybobo]

It has become so clear to me that this crisis has been invented so the Bush boys can rape the treasury one last time before they leave office. OR, they are creating a crisis so they can postpone the election.

The best solution is to lower everyone's mortgages to what the homes are really worth now. That will put money in people's pockets and stop the foreclosures.

Either that or do nothing and let the banks die.

But to give Paulson & Bush another blank check and it's not reviewable by any court or administration? Fuck that!!!

 

[DiamondDave]

I voted for the rich, as they are the ones that have profited.

But I'm beginning to wonder, does there really need to be a bailout?

Again another sentiment of inequality...

Hey.. I know.. the poor benefit from welfare.. tax them for it and not the rich... sound about right?

But I do agree that this buyout is really not the responsibility of the FED.. if it turns into shit soup (a someone else stated before), then it turns into shit soup... we'll recover as we always have as Americans