Friday September 26, 2008, 4:08 am
The fact that 200 of the country's top economists NOT affiliated with the government or Wall Street were willing to put their names on a petition protesting the government's plan is very telling, don't you think?

Friday September 26, 2008, 4:35 am
That is realy good news...maybe they will also tell you how to solve this failure...

I think the us citizens should watch their pockets!

Friday September 26, 2008, 4:37 am
I don't care WHO or WHAT PARTY put a stick between the wheels - I'm glad that these Fools on the Hill are being forced to re-examine what they're rushing so quickly to do. I don't want an Iraq-war style solution to the economic mess we're in. I'd like some academic economists included in the planning and review. ANYTHING that makes the banking industry unhappy is GOOD NEWS for us, the taxpayers. Every single news show I watched last night had business and economic analysts weighing in against the GREAT BIG RUSH to put a fix in place. That alone should tell you that the banking and Wall Street friends of politicians just want OUT NOW and want to walk away with a pile of money supplied by US!

Has anyone told US what the supposed revised plan contained? Were there hard facts and figures disclosed to the American people? NO!

Don't you think there SHOULD BE?

Friday September 26, 2008, 4:59 am
I want to see in black & white what kind of "cap" is planned for the big rich honchos who started this mess - IMHO they should get NOTHING except booted out the door. I want to see in black & white how much our taxes will rise by blowing $700B. I want to see what kind of stake the government will get by investing in saving these irresponsible and quite possibly fraudulent companies. Don't you? I am not for buying a pig in a poke.

Friday September 26, 2008, 6:10 am
I barely make ends meet anymore because of the economy. I'm not happy about the possibility of higher taxes. They did it, so why should we suffer because of it. Thanks Cate.

Friday September 26, 2008, 6:26 am
Joycey....None of us should feel good about this. It's also the unknown factor of what this is going to cost us is very unnerving..Numbers will rise for foreclosures, food bank needs, the homeless and those who will suffer the consequences aren't the ones who've been blowing money that wasn't their's to play with. Misery loves company and there's going to be a huge group of us Le Miserables.....

Friday September 26, 2008, 7:06 am
I wish "They" would rename this thing. We aren't bailing out Wall Street....we are bailing out our banks who have our money hostage, and have invested in Wall Street.

It isn't Wall Street that will fail. It's the Banks that will fail, and when they do, your money will be gone. The doors locked, your ckecks no good, your certificates can't be cashed, Nada, Zip. Because when the bank fails, it has to rely on the FDIC to pay you up to one hundred dollars, for which each person is insured, but not today. Today, in the particular instance, the FDIC can very well fail. We do indeed need to take our time to get it right.

Both parties are to blame, but so are we. We, meaning those of us that went out and borrowed beyond our means, bought houses we can't pay for, don't have well enough paying jobs to pay for, but the bank gave us the loan anyway AND WE TOO IT!

We are all in this together. We all did it. And I for one, want to see countries other than the US bail it all out. It IS Global, after all.

Friday September 26, 2008, 7:21 am
YES ! and here I was thinking Tsandi Crew I was the only one doing that these days-I do not have a credit card either -oh they have always been trying to give me one and the 1 loan I took out I have them calling every month begging to lend me more money but I politly say no thanks for I am within months of pay off but I choose to live simply and now I am so glad I did.Everything I have is payed for- it ain't flashy but it is mine.

Friday September 26, 2008, 7:25 am
Oh I seem to be getting distracted these days and my responces are coming in bursts so Tsandri the rest of what U stated I am in 100% agreement with and Cate thanx so much hon 4 post

Friday September 26, 2008, 9:51 am
It appears that the real problem with reaching an agreement that both parties can accept and give to Bush for his signature is mainly about how much money should be paid to excutives, and not the usual millions that they have walked away with in the past. The Dems want a limit of $1 million period and not a penney more. The Republicans want to reward the CEOs with millions as they always have. And we get stuck with the bill. Not this time. I'm fed up with bailout plan, and I have already let my voice to be heard. I have sent e-mails to my Rep. in Congress, and I have called them on the telephone and told them to shove their bailout plan where the sun doesn't shine. I was told my comment would be passed to my Rep. and Senators. But I doubt the person who was on the phone bank yesterday told them exactly what I said. Screw the bank and investment firms. They got us into this, let them get out of it on their own. Whenever they screw up they turn to the feds for help. They still have assests that they can tap into, so let them tap into them and pay off the debt that they created in the first place. I'm tired of paying for the mistakes these greedy assholes make. They can put their heads between their legs and kiss their ass good bye...

Friday September 26, 2008, 12:14 pm
WooHoo! I just can't stop cheering! No Bailout! Cooler heads may prevail yet.

Friday September 26, 2008, 1:37 pm
Way to go!!! Some one some where has a little sense!Thanks,Cate

Friday September 26, 2008, 6:09 pm
Stephen, you definitely have got a good handle on the situation....'on ya......can you hear me cheering from au....

Saturday September 27, 2008, 6:53 am
Burn, baby, burn
........"And while Rome - that is, Wall Street plus Washington - burns, Russia sends the mighty Peter the Great - with 20 nuclear missiles - plus an anti-sub destroyer for military exercises with Venezuela in the Caribbean. The flamboyant Venezuelan President Hugo Chavez didn't even show up at the UN - he's busy doing mega-deals with another emerging superpower, China. The US Navy's 4th fleet - disbanded in the 1950 - is back to police South America; the Brazilian military wasted no time launching their own military exercises to protect what they call the Blue Amazon, their new, huge offshore oil fields.

And then, live from New York, there was Republican vice presidential nominee Sarah Palin's speed-dial diplomacy - from Henry the K Kissinger - did they talk about Metternich and Clausewitz? - to Hamid "mayor of Kabul" Karzai and Colombian friend of Bush Alvaro Uribe. The media had literally a few seconds (29 with Karzai, 20 with Uribe) for a photo op, and that was it.

Did the beehived, bespectacled creationist hockey mom learn anything about foreign policy? The mystery remains. She may be cursing the cancellation of her meeting with Irish pop icon/world leader Bono. They won't be singing One together. Blogger Andrew Sullivan nailed it: "Since Sarah Palin was selected for the vice presidential nomination, Mahmud Ahmadinejad has given more press conferences than she has."

With the meltdown on Wall Street, it will be very hard for Republican candidate McCain to pay for his "vision" of America as world's top dog/policeman. In a dramatic gesture, he has "suspended" his campaign and bailed out of Friday's presidential debate as well (late night talk show icon David Letterman nailed this one: "What are you going to do if you're elected and things get tough? Suspend being president? We've got a guy like that now!"

It took "maverick" McCain roughly over a week to go from a "the fundamentals of the economy are strong" deregulation mantra to Great Depression gloom and finally to bail himself out from his own campaign and a debate to boot. Not bad for a self-confessed ignoramus in economic matters. McCain anyway still counts on the Bernanke-Paulson $700 billion scheme - and he'll still be pushing for even lower taxes for the US ultra-wealthy.

And while the new multipolar world was being sketched out in midtown Manhattan, and McCain was busy trying to run away from his own presidential campaign, the US took a few more steps to quickly become the new Brazil - appalling social inequality, tremendous concentration of wealth, in sum, the law of the jungle. Call it the revenge of the developing world."

More Here:

http://www.atimes.com/atimes/Middle_East/JI26Ak02.html

Saturday September 27, 2008, 10:07 am
I'm really concerned about the new powers given the Secretary. WTF are these people thinking?

It also seems that as long as the Market thinks a fix is in the works, they putter along just fine.

I'm so sick of this fear mongering crap and everything having to be done yesterday! Sorry, you can only cry wolf a couple of times before we realize it's a con!

Nancy Pelosi, she needs to find a new job and a different party and quit mucking about on the liberal side of the fence. When is she up for re-election? Californians need to fire her ass. Let's give Kucinich or Sherrod Brown the speakers job! Or, this little woman from somewhere in New England I've been seeing all week, she's a little bull dog all subjects. Very passionate, I fell in love with her. Only as tall as the podium, but I bet they heard her back in their offices! They weren't in the room, of course if there at all.

At least this week ended with McCain suspending his campaign and vowing to not come back with out a fix. Except he lied, oh wait, politician!

To finish it all off neither candidate had any idea how the current crisis would effect their upcoming job and mostly repeated everything I've already heard on everything else.

The good news, we are not now owners of an astronomically huge pile of bad mortgages!

Saturday September 27, 2008, 10:41 am
the Reps are saying that close to 100% of everyone calling and writing is saying NO>>> but they are moving ahead anyway... Could it be that no one is calling with solutions, just complaints?

I suggest that if anyone calls or writes, that you include a solution as well... Here is what I want, rather than just saying; I do not want this bailout...

Saturday September 27, 2008, 10:52 am
Basically. I think most people want the government to just let it fail. They/we have no business in private affairs of this nature. That is why no one is giving ideas for a fix. We're saying, "Go home it's not your job".