Economic Free Fall?

All this did was to buy some time.

I think that if this is gonna bail out the big guys the people should not lose their homes.

Not only do the big guys get this big flood of cash they, the banks and mortgage companies get all the property back too.

Reacquire all that property and suck up all those hundreds of millions of dollars then hold all that property until home prices rise then sell it again.

What a blatant rip off.

What else is new?

Don't tax profits and socialize losses... The formula of the Republicans for years.

I don't like the Dems either, at least they are willing to tax the big fat cats and take away half of that fat pie that the big boys keep robbing Americans and America.

Ron Paul or Bob Barr...08

did prez bushie and treasury secretary paulson go to beijing for olympics or to beg the chi-coms to not dump their fannie mae-freddie mac debt.

McCain the Traitor wrote:

What else is new?
Don't tax profits and socialize losses... The formula of the Republicans for years.
I don't like the Dems either, at least they are willing to tax the big fat cats and take away half of that fat pie that the big boys keep robbing Americans and America.
Ron Paul or Bob Barr...08

This is a bipartisan debacle. We've seen how Pelosi and Reid can stonewall legislation they don't want, this got thru the democrat congress faster than s#it thru a goose.
ANYONE that blames this on a single person or a particular political party is a total moron!
This could not have happened without the willing participation of EVERY idiot in Washington!

so if you had 100k in a bank and they insured it you would say thats a rip off?

No matter who gets elected, we're going to have to be taxed to death in order to pay back the gagillions in debt that have been accumulated over the last 8 years.

This is bullshit. Kicking a dead horse is for idiots and fools. Haul it off bury it and get a new horse.

If there is a silver lining to this dark cloud, then this is surely it.

Economic models predict clear Obama win in November
http://www.reuters.com/article/topNews/idUSN0...

The worse the economy gets, the more Obama is likely to win by.

More "open ended" Obama chatter.

They only bail out there own!!!!!! And we will pay dearly.

john k wrote:

so if you had 100k in a bank and they insured it you would say thats a rip off?

Having 100K in the bank is not the same as looking to make a fast buck off of dangerously unsecure investments and making your nieghbors pay for it. Thanks for the irrelevant question & entirely unrelated analogy.

carey529 wrote:

<quoted text>
This is a bipartisan debacle. We've seen how Pelosi and Reid can stonewall legislation they don't want, this got thru the democrat congress faster than s#it thru a goose.
ANYONE that blames this on a single person or a particular political party is a total moron!
This could not have happened without the willing participation of EVERY idiot in Washington!

So, are you saying that all the conservatives and republicans who blamed Jimmy Carter for everything that went wrong during his single term in office are total morons?

I can't wait to hear your answer or spin on this.

Alan Cozzi wrote:

<quoted text> Having 100K in the bank is not the same as looking to make a fast buck off of dangerously unsecure investments and making your nieghbors pay for it. Thanks for the irrelevant question & entirely unrelated analogy.

100k in the bank? where do you think this money comes from? fdic. where do you think they get money?

john k wrote:

<quoted text>100k in the bank? where do you think this money comes from? fdic. where do you think they get money?

"So if you..." you were comparing one of us average folks at the bottom with the robber barons at the top. Your words not mine....and I still maintain it's an irrelevant comparison. We are not thier insuring body, they made reckless short sighted investments and should pay for thier stupidity. Period. That's how it is for you and I, right?

It's all congresses fault! Ha ha ha ha!

Vote for Obama! Your money will be worthless by January!!!!!!!!!!

In Real Time wrote:

Reacquire all that property and suck up all those hundreds of millions of dollars then hold all that property until home prices rise then sell it again.
What a blatant rip off.

You've obviously never been a mortgage lender.

You don't make money as a bank by holding property. Banks aren't in the real estate business. They're in the lending business. You make money when someone pays you interest on the money you loaned them - not by maintaining the holding costs of vacant homes all across America.

It wasn't a smart move on the govts. part to bail out anybody. It was a screw up between lender and borrower. It should be fixed between lender and borrower.

Preston2 wrote:

If there is a silver lining to this dark cloud, then this is surely it.
Economic models predict clear Obama win in November
http://www.reuters.com/article/topNews/idUSN0...
The worse the economy gets, the more Obama is likely to win by.

Bull. Obama won't win. I don't care what an economic model says. I remember all of the predictions that Kerry would win too.

Alan Cozzi wrote:

<quoted text>
"So if you..." you were comparing one of us average folks at the bottom with the robber barons at the top. Your words not mine....and I still maintain it's an irrelevant comparison. We are not thier insuring body, they made reckless short sighted investments and should pay for thier stupidity. Period. That's how it is for you and I, right?

there has to be some backstop. you are right about bailing them out. if we don't it would cause a domino affect. if you had 100k in the bank and a bank went under at least you would still have your money. that is a bailout too. citi has to pay all those people back now. it amazes me how they stay out of jail and receive all these millions in pay. that guy that got 200 million before citi had all those write dowms. we are their insuring body. from the person with 100k and the banks. regulation is needed.my point was a persons life savings in cash is protected up to 100k. thats a bailout and he didn't do anything wrong to lose it. should he?