I was just wondering, you know how Republicans are always saying that the rich pay in most of the taxes already? Is it possible that they are just bailing themselves out? In other words,do they actually pay in enough to cover this bail out? How would we go about finding some accurate figures?And if that is true, do we hold them accountable for bailing out the people who lost their homes due to 'easy credit on the surface' home loans that they must have known could not be sustained without a proportionate increase in wages? After all, keeping wages low is a main component of more profit.
Citigroup Receives Government Bailout
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Once again the federal government decided to rescue a flailing corporation. This time it provided $20 billion to save Citigroup Inc. The company had shown signs of trouble, with massive layoffs occurring last week. But with the bailout, Citigroup shares rose 58 percent on Monday.
What do you think? Is it worth having the government swoop in to save corporations with our tax dollars in order to keep the stock market afloat? Posted by Natasha G on 11.24.08 |
Sunday November 30, 2008, 11:08 AM

NO!!! The current financial system is broken, and it only benefits the rich. I say let it break so that we can invent a new more sustainable system that benefits all of us, and the environment that sustains us, even as we destroy it in the name of commerce.
Friday November 28, 2008, 8:52 AM

This is a multinational corporation who has outsourced many of their jobs out to overseas locations. Why are we paying for that? Are they bringing the jobs back to the USA, are they cutting their executives pay or taking away their many perks for failing to manage the corporation. Let them fail and get eaten up by other banks. Survival of the fittest has always been the unwritten law of the corporate world. Let them fail we they need to know there are penalties for not running a company ethically and efficiently.
Reward down statistics and you get more down statistics. Penalize production and you get no production. It's just common sense!
Reward down statistics and you get more down statistics. Penalize production and you get no production. It's just common sense!
Friday November 28, 2008, 8:51 AM

This is a multinational corporation who has outsourced many of their jobs out to overseas locations. Why are we paying for that? Are they bringing the jobs back to the USA, are they cutting their executives pay or taking away their many perks for failing to manage the corporation. Let them fail and get eaten up by other banks. Survival of the fittest has always been the unwritten law of the corporate world. Let them fail we they need to know there are penalties for not running a company ethically and efficiently.
Reward down statistics and you get more down statistics. Penalize production and you get no production. It's just common sense!
Reward down statistics and you get more down statistics. Penalize production and you get no production. It's just common sense!
Wednesday November 26, 2008, 4:28 PM

Citi group CEO's need to have their bonus and commissions removed and their wages need to be cut as well.
Citi Group is being rewarded for a predatory and reckless behavior.However it is reckless to invest in corporations that fail to be good stewards and manage to seek Government welfare for wrongful Behavior.
Citi Group is being rewarded for a predatory and reckless behavior.However it is reckless to invest in corporations that fail to be good stewards and manage to seek Government welfare for wrongful Behavior.
Wednesday November 26, 2008, 3:14 PM

Our Elected Officials are failing US(A). Or, are they conspiring against US(A) for their personal profit (Have's/Have More's) and their good buddy cronies, just like the megalomanic-war-monger-Bush?
"Conservatives" have tried destroy our Constitution and Bill of Rights in their greedy lust for World Empire and POWER...
A "Conservative" is a person willing to destroy our Nation, air, land, water and people for their personal profit.... They need to be tarred and feathered and shipped to China on one of their Container Cargo ships.
"Conservatives" have tried destroy our Constitution and Bill of Rights in their greedy lust for World Empire and POWER...
A "Conservative" is a person willing to destroy our Nation, air, land, water and people for their personal profit.... They need to be tarred and feathered and shipped to China on one of their Container Cargo ships.
Wednesday November 26, 2008, 11:03 AM

Jan Strain has stated the situation perfectly. I would only add, not only did they create this situation they and all the executives crying for bailout money have profited enormously. If their company is in such need why don't they reinvest some of their personal money in their own company? Why don't they sell some of the unnecessary assets, such as company jets or personal jets, the company residential property kept for executives or even one of their multi-million dollar vacation homes. There is something very wrong when the company is failing and the executives are profiting in the millions. Business ethics use to be about the owners and executives reinvesting in their company not bleeding them dry at the cost of the customers. As long as the Usury Law varies from state to state there will be a problem. From a lawsuit to recover illegal fees:"My question was why would New York charge 21 percent but other states only charge 6 percent? What's the justification?" There are some states where the Usury limit is 45%, that sounds more like a Loan Shark that an ethical legal business. Americans need to go back to not using Credit Cards at all. If you don't use their Credit Cards, that will send the message we won't do business with companies doing unethical,questionable practices. On a fixed income I know it's difficult at first but becomes easier, less stress & wiser spending habits. We have been brain washed into the "must buy" stuff we don't really need. Keep you
Wednesday November 26, 2008, 8:24 AM

As long as there are NO oversights and the deregulation stands, the money is being poured down a dark hole and into the pockets of the greed heads that put Bush into office. Paulson should be thrown in jail for collusion in defrauding the American taxpayer along with Bush, Cheney and every lending institution in the country from Credit cards (include usury in their list of crimes), Pay Day Loan companies (like a drug dealer on every street corner in America) to home loans. Phil Gramm and his promoter on the hill, McCain, and Newt Gingrich (his Contract ON America) all should be thrown in for their willful destruction of the economy and we should go after what is left of Reagan's cabal as well. They started the mess with their so called "trickle down" which started the destruction of the American Middle Class
Wednesday November 26, 2008, 7:32 AM

My main concern with these bailouts is what are we getting for investing our money in these institutions. So far we don't have any controls in place to make sure the money is not being squandered or used to finance the same practices that got them in trouble. Another concern is that the same people who created the mess are being rewarded with our money. We need to demand a seat on their board, insist on real oversight and regulate against those practices that led to this fiasco.
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Sunday November 30, 2008, 7:20 PM