[Colts Fan]

I watched it all live. It was hilarious seeing the dow go from -350 points to -700 points in about a minute and a half. lol.

[Roadhog]

They need to figure out how they are going to help out the Indian Casino's. We have several around here cutting back help...then realizing they can't do that, and re-hiring. It's really a mess.
I mean it's not like people are just walking in the doors and handing them money. :roll:
Something needs to be done. :evil:

[Manicmechnic]

I think Kenny Rogers said it right.
"You got to know when to hold 'em, know when to fold 'em,
Know when to walk away and know when to run."

[movinit]

The CEO's of all the failing companies took up a collection of money to buy off all Congress because they would be losing their golden parachutes if kicked out.

The article I read said they are in a hurry to finish all business so they can go out and campaign with the elections right around the corner. Nice to know that they are in a hurry, and our economy is the least of their worries.

[Mr. Ford95]

Here is how I feel about this whole deal, tough cookies to the banks. Yes in the overall picture it hurts everyone but it's the banks own d@mn fault they got into this position and I'll be d@mned if MY tax money is going to help them fix their own stupid mistakes. They were giving out loans to anyone and everyone like it was candy and it has bit them in the tail. So many people are out living themselves and losing their rear's because of it. You wouldn't believe how many people in the last 2 years signed on houses and knew at signing that they could not afford the payments but signed anyways. They would sit right there and tell the banks they could not afford it and the banks still allow them to sign the papers instead of negotiating or walking away from the buyers. It's their own fault, let them figure it out for themselves.

[gordoUSA]

Congress also deserves much of the blame as do the last 2 administrations, Clinton and Bush.
Congress wrote a bad bill, when told of the accounting inrregualrities at Fannie Mae in 2003 they ignored the problem and let it get worse. Bush did nothing. Mad eit worse in 2004 by having Fannie Mae and HUD do the "$0" down payment plan.
80% of the House members and 95% of the Senate members have taken generous campaign contributions from Fannie Mae for the last 10 years. Theyt are bought and paid for by special interests. They do not care about you, your family, or the country, only in themselves, their own re-election and the special interests that pay them.

If there was ever a better reason to vote OUT each and every imcumbent there is, reguardless of party, there never will be.

[Twilight Flyer]

Yep, it's time to clean house.

Literally.

[marylandkw]

Originally Posted by gordoUSA

They do not care about you, your family, or the country, only in themselves, their own re-election and the special interests that pay them.

X2

Originally Posted by Twilight Flyer

Yep, it's time to clean house

I am in complete agreement with ya TF, things must be REALLY bad :lol:

I hope it comes thru in some form or another so all those good things Palin said about it will happen...What did she say again...

Originally Posted by Sarah Palin

That's why I say I, like every American I'm speaking with, we're ill about this position that we have been put in where it is the taxpayers looking to bail out. But ultimately, what the bailout does is help those who are concerned about the health care reform that is needed to help shore up our economy. Um, helping, oh -- it's got to be all about job creation too. Shoring up our economy, and putting it back on the right track. So health care reform and reducing taxes and reining in spending has got to accompany tax reductions, and tax relief for Americans, and trade, we've got to see trade as opportunity, not as a competitive, um, scary thing, but 1 in 5 jobs being created in the trade sector today. We've got to look at that as more opportunity. All of those things under the umbrella of job creation. This bailout is a part of that.

I mean I like health care, job creation, international trade and lower taxes. :shock:

Thursday is gonna be fun to watch.

[Windwalker]

If they want to be completely honest about it, it's THE TAX-PAYERS, THEMSELVES that NEED to be bailed out. It's not just Fannie Mae and Freddie Mac, do you have any idea just how many people have not seen a "COST-OF-LIVING RAISE" in ten years or more? In effect, that has put many people on a "FIXED INCOME". Now, add in, insurance premiums that have steadily gone up, property tax that has gone up, rent that has gone up, gas prices that have sky-rocketed, food prices that followed close behind. For many people, that "fixed income" was stretched as far as it could go about two years ago. That's where you got the epidemic of mortgage foreclosures last year, thirty percent of credit card accounts in default, etc. Not all that paper was bad ten to fifteen years ago, but with stagnant income amid rising costs, it went bad. Especially, for those that were doing fine until unexpected medical costs suddenly came up.

Six months ago, in a small town in FL, there were 18,000 homes going into foreclosure(I didn't know the town had that many homes). I've talked to a couple of them about the homes they lost. They bought their homes 18 to 27 years ago. They've been paying on their mortgages just fine until about three years ago. Get a second job, but that didn't last long either. After all that time, they've lost their homes, and you're calling it bad paper. They sold their boats, jet-skis, and ATV's to make up the difference, then lost their homes anyhow. Would you like to know just how many homes the banks are now paying the taxes on? They repo'ed them, and now they're stuck with them. They've foreclosed, and now it's costing them even more money. Then, you wonder why the banks are in trouble? They can bail out corporate America all they want, but if the taxpayers don't have the money to spend, it won't mean squat. It's the TAXPAYERS that need the bailout. When our "Beloved President Bush" gave us that tax rebate, it went right straight into the gas tanks, and what didn't go there, went to the food stores. Then, through cost of delivery, how much of that went to the oil companies? Fannie Mae, Freddie Mac, AIG, Wall Street, etc... Do what ever you like. I just read about a new CEO that was with the financial institution for a grand total of 17 days and the Fed took it over. He walked away with $20 million to the good. Then, they need a "bailout"? KISS MY GRITS.

[Roadhog]

Both republicans and democrats are more concerned with their own re-elections and
how they look to their constituents, than they are about you and me.
They want to quickly make a “rescue plan” and get this behind them, with little political fallout, than to make tough decisions and do their job…plain and simple.

As everyone has said, too many Americans are being forced now to bail out irresponsible greedy and corrupt corporate criminals. Many are foreign investors too, I bet. They have no stake in this country outside of economic rape.