bailouts

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Originally Posted by daihashi

Ugh.. I'm sick of this crap too. I don't think we should be bailing out these companies who put themselves in the hole. The problem is that these companies are so intertwined with our economy that if they go down so does our economy. We would bounce back... no doubt about it, but it would be very hard times for a while.

Personally I'd be willing to deal with hard times as opposed to giving the impression to these companies that it's ok to be corrupt and run their company into the ground.. because the government will save them.

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Agreed.

I'll take a few months of hardship for that. bailing them out gives a VERY bad message that the government will be the safety net when you choose to run a company into the ground because of your own greed.

And WTF is up with the fact that these jerks get multi-million dollar settlements when they leave? I call hoopla on that.

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Originally Posted by rebgirl420

And WTF is up with the fact that these jerks get multi-million dollar settlements when they leave? I call hoopla on that.

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Connected, wealthy and powerful people (say government officials included) have lots and lots of investments in stocks in general, they dont like their investments go down the drain.

i quote from the article i posted above

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A socialism where profits are privatized and losses are socialized with the US tax-payer being charged the bill of $300 billion.

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that should be a trilliong dollars in just 10 days, since lehman failed and meryl lynch was bought and AIG was bailed just in the last 8 days
and there is a plan for another $700 Billion for future bailouts n such:mad:

Many 401ks and retirements sadly have investments in a very unregulated and risky market and thats another reason the feds fear that free market's natural failures due to this lack of regulation and greed of corporations can have disastrous effects on general public and can repeat a depression like experience...so they bail them out and yet again fail to regulate it wisely and prevent any future problems... makes u wonder, now read the quote again and imagine why

We should have been able to vote on this crap. I don't like the idea of ANY government official attaining THIS much power for the government.

I don't like it at all.

They should really start listening to Ron Paul..

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Originally Posted by texas grass

know what pisses me off more is that both the dems, reps, and president are giving our money away to bad business ethic money waisting criminals.

everyone thats scared of socialist b.s.. some of americas biggest firms are now socialized with the government taking the bill

one of the worst thing about this is the ceo's and big wigs of the companies are goin to get their multi million dollar bonuses still. so they run companies into the ground with bad practices and still get their contracts. b.s.

stanley morgan and another are about to drop and the govt is going to bail them out to from what i understand.

so the bill of the bailout when said and done is going to be +$1 TRILLION

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I wanna know where is the bail out for *MY* company

I would like to know what happened to all the fiscal conservatives are. You would think they would be screaming bloody murder. One reason they're not. They're making money on this deal.

Whoever said that EVERYBODY in America has a right to own a house, regardless of their ability or lack of to pay, and implemented the hare-brained schemes to give mortgages and loans to every poor schmuck that wanted one, should be drawn and quartered. No money down, pay only interest, and pay rent to the bank - for the rest of your life because you will never actually own this house.

Years ago, people waited and put down 20 percent on a house. That was the normal, customary amount. I grew up in a working-class neighborhood, and don't remember a single foreclosure of my neighbors' homes.

Just because something is available, you don't have to take it. I've never owned a house, or even a co-op, and I'm glad for that. The common belief was that you're throwing your money away by paying rent, and that a house was a good investment. Some of these buyers even looked down on "renters", thinking that they were smarter because they "owned" property. What a crock that turned out to be for many of them.

yeah, now just about right now try to get a loan and its back to principles, now the banks have woken up and i hope the feds dont bail them out, cuz thats the only way to correct what was wronged, the feds are saying we are bailing out people, but thats wrong... u r bailing out the kind of people who have debt till they die with other peoples money

thats as stupid as jailing a stoner with our money... makes no sense and will have no benefit for us... those who made the mistake of getting those bad loans are responsible for their mistakes and also those who made the loans as well.

the sky wont fall on earth if they get foreclosed, simply keep your job and rent, there are plenty of properties available for rent.

just dont take my money for this bullshit... this makes me wanna study law on top of my business studies later on, so maybe i can make my case in court and avoid paying taxes that are wasted... I pay taxes in order to benefit from the services of the government and run the essentials of the government, i dont pay taxes so some losers can be bailed (or jailed)

u guys think this 700 billion dollar plan will get a green light from congress?

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Originally Posted by flyingimam

u guys think this 700 billion dollar plan will get a green light from congress?

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I sure hope not... the ones that need bailed out are the hard working folks that have been hurt by the the oil companies and financial institutions that are playing fast and loose with other peoples lives and livelyhoods.

I simply can't afford to pay any more taxes.

Well I hope we learned our lesson in monopolization This all started years ago when the government started letting the financial institutions start aggressively buying up the smaller fish therefore ending diversification of our money in many institutions. We then ended up with these few giant institutions that are so large that as we now can see "if one goes down the rest will follow and bring our economy to its knees".