Predatory lending and inflated paper profits. CEO's and executives getting huge incomes on a paper profit they oversold to investors.

A house of cards that had to fall. Now they have their hand out for rescue. Help from the taxpayers they sought to gauge in the first place.

With 700 billion in cash I say it is wall streets depresion, not the taxpayers. We got the cash.

Instead of handing them a silver spoon I say we should start a publicly held investment bank with the 700 billion. Let them borrow the bailout at rates that reflect their credit ratings. Forclose on them if they fail to pay.

And if they want to borrow our money then a major percentage of all their jobs must be in the USA. Want to borrow for mfg then build your plants here and give jobs to the people you want the mony from. Want to finance an investment firm, then most of your investments should be here giving jobs to the people you want to borrow from.

Taxpayers who can't afford gas have to assume a 2,000 dollar debt per person to bail out the people who gauge us and ship our jobs overseas. I say they borrow from our bank and a condition of the loan is bring their jobs home, or let them collapse. Invest the 700 B in new corps dedicated to employment here with reasonable caps on executive saleries.

The guys with the money have always called the shots. It is taxpayer money.

Your thoughts?

i don't see how we give em money we don't have.

The Gov has it. They take it out of your paycheck before you even see it, leaving you a bit poorer than you already are.

I like that idea.

The joke is on us yet again.They fuck up,we pay for it.Its part of an orchestrated plan by the government to gain more control over your money and choices.Our freedom slips away,like a candle burning at both ends.

They knew this was gonna happen,helps delay the election and to take your eyes off the swindle.

If one looks at this honestly there is something very weird going on in USA. 700 billion bail out, while 2.3 TRILLION dollars are missing from pentagon transactions. That is roughly 3 times larger amount of cash missing. The only question left is - what the heck is happening there?

america is an empire in decline - nothing can be done to save it - preparing for a run on banks and grocery stores

dow 500

The simple answer is we are being shafted without lube.The government and banks do more or less what they want,as long as the coffers keep coming.My understanding of governments led me to believe that the authorities where in control of the banks..if that is the case,are the government also bailing themselves out.

maybe this is the slippery slope of decline for the capitalist and elitist society our so -called leaders have created.

Render unto Ceaser.

All life that we knw of exists as a pyramid of life exploiting other life.

Our social structures are an extnsion of the natural order.

As a society we exploit the world for resources. Bussinesses and governments exist by exploiting the labor and income of the work force. Problems arise when the preditor/prey relationship becomes unbalanced. It goes from a normal screwing to highway robbery.

To imagine that bussiness can run unregulated is to invite disaster. With no bounds greed runs amok. Thats the business end. With too much power governments are absolutly corrupted.

We got ground up between greed and corruption. Executives do not mind riding the horse to death when they can squeeze twenty mill a year out of it. The gov rewarded the preditor and ignored the prey.

Restore the balance or 700 bil will just postpone the crises. Go back to the normal level of getting screwed,

Yes,a bit like a crack addict who can't afford his addiction..he either robs from the hardworking or becomes a dealer...he's gotta have his fix,whatever the cost!

the audacity...

theses spoiled brats want to be bailed out of a situation they plainly got themselves (and the economy) into and want to be rewarded for it.

what's the big debate over? it doesn't take a financial guru to see whats going on. a few years back the poor were told to pull themselves up by their own bootstraps to overcome the poverty line.

why can't these financial super-geniuses not follow their own advice? because they rely others to pull up their bootstraps for them, and wouldn't know how to do anything for themselves unless it involves the sweat off of someone else's back.

well i'll be damned.

request denied.

the house said no. lol.

http://news.aol.com/article/house-fails-to...2962x1200603236

This post has been edited by abadaka: Sep 29 2008, 06:34 PM

DOW DOWN -777.68 TO 10365.45 today

lol man that was one hell of a day - waiting for trading halts and closures for the overall stock markets lol

it looks like there is still going to be a "bail-out"... they are just calling it a "rescue plan" now.

its a damned if you do - damned if you dont type situation really.

The problem I have with the bailout is executive saleries and the gilden parachute.

They got big paychecks for writing risky deals that had big profits. When the paper profits collapse the get bailed out and their incomes are still intact. Risking other peoples moey they cant lose.

I think a condition of getting public money is the executives should all be canned. They have been shown that they have no personal risk and it is a win for them no matter what.

oh i agree. at the least they'll be fired... and they would get a severance package that is more than most folks earn in a life time.

investigations are under way.

They get fired then re-hired,they'll put a couple of patsies in the clink to keep everyone happy,but nowt else wil change.

What really gets me is that the government makes the regulations that the banks operate by...so they are responsible for the current crisis...so in effect they are bailing themselves out.

I think the biggest reason most people object to the bailout is it rewards the executives for bad behavior. And the credit crunch with dire predictions about jobs makes it worse.

It is like blackmail. Give them their undeserverd rewards or they will freeze the credit and unemploy us.

I say BS. If they don't loan money then they lose that interest income. Banks are in the business of loaning money. Stop and they die.

Taxpayers take the hit to ensure executive saleries. Well lets just hold back our money and all take the hit together. Do you see the executives who got 20 mil offering to give 10 mil back to help?

I would rather see the 700 billion used to start up a publicly funded bank for the express purpose of lending money to tangible goods businesses and services who need the cash flow to keep people employed. Let the fat cats sit on their frozen credit. Keep it out of the hands of the money markiters.

They gambled on big rewards by gouging people with marginal credit. They gamble and we lose means they win no matter what they do. BS

We know they will get the money anyway even over our objections. If so then I hope every encumbent gets voted out. There should be consequences for representatives who go where their constituents do not want them to.

i agree. this credit crunch started in the usa and has now spread all over the globe. here in the uk ,things are getting really iffy,everything is going up( has been for over a year ) and it is scary. i feel sorry for the poor taxpayers of both the usa and uk,especially as these bankers never give a damn about the working class types etc. i do not believe the bail out will do or solve anything to be honest,but you never know......

it passed today.