Bailout is NONSENSE and IRRESPONSIBLE!

Yes, it is. If it wasn't than surly these lol, scholors would have quickly and easily agreed today. I haven't seen much news about it, I can't stomach it. This entire thing is overwhelming... I see a tiny bit of good in that people are finely talking and taking an interest in politics and what's going on in/with our government. Now, if we can only see some responsible non violent actions.

Today I am so angry I could spit. I have been careful, not squandered my money and the government has caused me to lose 10% of my IRA account overnight because of their failure to come to some kind of agreement. That is not perhaps a lot to some people but to me it is a fortune and all I have except for my Social Security. So as far as I am concerned the political fat cats better get off their a$$es and do something to help the normal middle class American.

I say let the bank fail. I absolutely hate (and I rarely use that word) that our government is trying to con us into believing that we need to do this bail out to save our economy. One doesn't have anything to do with the other! Our country was in economic trouble long before these banks started failing. (You know, before the CEOs embezzled everything they could out of their companies...) I would even venture to say that our economic troubles are one of the contributing factors to the problems the banks are having. I mean, if people had jobs that afforded their lifestyles, their bills would be paid, right? So, let's look at the time-line of events. You have these banks writing tons of loans that the people should have been smart enough to say "hey I can't afford that". Then you have people losing their jobs. Then the housing market slips big time. Houses go into foreclosure. Banks lose money. (Somewhere in there the CEOs thought it would be a good idea to seriously pad their personal bank accounts.) Banks now in trouble. Hum, looking at that I don't see how helping the banks is going to help our economy. Isn't that backwards? Wouldn't helping the middle class and home owners make more sense? Let's play this one out, shall we? Government helps the middle class and people in trouble because of predatory lending. They, in turn, pay their mortgages, the banks make money instead of losing it. Now THAT seems to make sense...and even helps our economy in general. But no. The government wants to bail out the banks. Then they insult our intelligence by repeating, thousands of times, that we MUST help the banks because it will help our economy. Kind of like "Vote for Bush or the terrorists will win". Gotta catapult the propaganda. And the sheeple buy into hook, line, and sinker.

I agree. My gut instinct told me it was nonsense when I first heard it and now there are experts coming out and acknowledging this. Unlike me, they can explain why. Even those who are saying it is sooooooo necessary are acknowledging that it is not guaranteed to work. If it isn't guaranteed to work, why do we need it?

I'm kind of split on this. But I don't think it should be a bailout for the guys who caused it - take them completely out of the mixture. I think they have decided to put the insurance clause in there. I think all the money should be only on loan, not a give away. I do worry that it might impact my children who own for homes. I have no idea who their loans are with. I know my daughter's has been sold a couple times because she has told me that. What makes me angry is all the money Congress has taken from Fannie Mae and Barney Frank. I think they all need to repay it and all the money the CEO's received should be returned! That would help repay the money right there! AND to top it all, most of them working on this proposal are recipients of that money!

I just hope that solution will probably solve the financial crisis. but from my perspective it is only temporary as other banks started to close down.what would happen to other countries if US economy falls down it will affect the world.

I agree with you, it is not right that the taxpayer has to bailout major company's because their greed has come back to haunt them.

I agree with you. The only people this benefits is the companies we are bailing out. Tax payers will get nothing but a huge bill. Lets go back to personal responsibility. I still have to pay my mortgage and now I have to pay some stuffed suits 20 million dollar bonuses. Makes a person not want to pay taxes.

Yea, let these corrupt CEOs line their pockets while their companies crumble in debt & we'll be happy to bail them out. Who's going to bail us out when their companies are foreclosing on our homes after we get laid off? These people should be looked at for criminal charges & their assets seized. Don't make us flip the bill.

I agree, the bailout is a bad idea. Not only is it socialism, it is also an unnecessary burden on taxpayers because of the irresponsible lending practices that were mandated by the government in the first place. This is a result of our habit of living beyond our means on credit, and we need to return to pay as you go... instead of borrowing money to get things you don't need or can't otherwise afford in the first place. I see where we are once again bailing out one of the auto makers... this would be what, the 3rd or 4th time we have done that. That tells me that their business model is flawed, and it should not be our responsibility to subsidize them...or anyone else.

Funny (??) thing is that I saw that some who didn't vote yes wanted to but were afraid because they're up for reelection. I think they were all surprised that the American public started calling and emailing and faxing them. They think we're a bunch of dummies and they can pull anything on us and we won't care. This time, they were wrong.

This is just my opinion....DON'T DO IT!!!!!! I think they should let the people (taxpayers) decide whether to reward the CEO's of these companies for running them into the ground. I just can't see us having to give our hard earned money while they are laughing all the way to the bank with their hundreds of thousands of dollars of bonus money! I try to teach my children that YOU pay the consequences for your actions and and the government is showing them that somebody else is responsible for bailing your butt out! And now their going to change the laws so that they can keep doing the same thing and it will look good on paper regardless of the reality of their actions! Maybe i am not a good American because I DO NOT WANT TO BAIL THE CROOKS OUT!!!!!!! I am disgusted with hearing that they are taking MY money to pay for the crooks that head these companies is for my own good! Yes maybe it would be difficult for the economy if they leave them to sink or swim but in the end i think it would teach these companies that they HAVE to take responsibility for their own actions or pay the price (and i don't mean pay it by raising OUR taxes).