Don't matter what the population wants. The corporations want it.

Wait for the auto industry to line up at the teat next.

Then the retailers.

And so on and so on.

No money to give health care to children, but trillions to give to wall street.

I didn't think it would be that high.

Look at me, I'm in bold!

And these same fuckers want to have a Beer with George Bush because they think he is so cute.

I wonder why George W. Bush isn't bragging anymore that home ownership in the US has grown more under his Presidency than any other Presidents in our history?

Hopefully Reid and Pelosi read this and regulate the crap out of the financial markets.
Not expecting it, though....

I don't mind using my tax dollars to bail out these banks and investors as long as the following happens:

1) We revert to the old bankruptcy laws for individuals;

2) There is a cap on how much top-hat employess can receive as compensation;

3) Banks and investment banks are subject to greater regulations regarding loans and investments;

4) Banks, investment banks, hedge funds and the like are subject to stricter taxation rules - if my tax dollars are used to bail out these idiots, I look at it as an investment and I want a return on my investment. Hence, because they are not taking the hit now, they can afford to pay higher taxes over the years to come.

I have a few more that I would like to see, but I think that is a good starting point.

$700 Billion.

What would it take to get the parties to disband and for us to be able to make a fresh start (with more than 2 major parties)? I guess if the Depression in the 30s couldn't end the dominance of Republicans and Democrats, nothing ever will. The government is in control, people.

Economics is really a little understood field. Their are Phd economists on both sides of this issue. I think the Fed Chief, treasury chief and the Bush administration panicked and how we are down the rabbit hole with the Cheshire cat and the Queen of Hearts. Nobody has ever seen this before and nobody knows what to do or if we should do anything at all.

This potential economic meltdown though is now more fun to watch than the election or even a good female mud wrestling contest.

They need to just leave it alone, I don't have stock for a reason. You should not trust other people with your money. Let them bail themselves out. But I'm sure it is hard to think clearly with the sun getting in their eyes all the time while sitting on the deck of their yacht. God forbid if they were to sell thier yacht and put the money back in the pot themselves. No let's give them more money to lose from the deck.

Tax, they can do all that without bailing their sorry asses out.

They should start out by making the company officers and board responsible for their actions.

0 down and interest only loans were so stupid I can't even believe someone thought them up. Hay, how bout we OK a loan for $500k to someone that makes $20k a year. Is that stupid or what? It would only take him 25 years to pay the principle if he didn't have any other expenses at all, like food!

I want a bailout too! Gimmie some money!

A little perspective. The poll was from 9/17 before the massive bailout was proposed.

7% said feds should bailout while 65% say it should be allowed to fail. What do the other 28% say?

Taxman, I agree, if we as a nation decide that we will be socialists from now on, then let's do as you suggest. Otherwise, these people should not get a penny of our money.

Why the hell is it that we might be paying them upto 50 cents on the dollar face value? Their junk is worthless. How about 10 or 20 cents on the dollar in instead?

Also, who really believes that in a few years people will buy back that junk and that we will make a profit? What is more likely is that the there will be a write-off against the U.S. Treasury. Make no mistake, the money is gone, we are all $1T poorer now.

Dems have set terms for a bailout....

Since we are on the subject on CEO compensation, I believe that any company that receives subsidies of any kind should be subject to rules on CEO and executive pay. If they want to argue that the free market should dictate CEO pay, fine, then no subsidies, ater all, there no subsidies in the free market.

They're just going to jack up the taxes to pay for the bail out.
And the Fed will just loan the money at interest that our tax money will pay for.
So the bankers will make out fine, and the little guy gets fucked again.
Fuck'em. Let them go under.

How much of that seven hundred billion (MY money) would go to CEOs who screwed up their companies, CEOs with $10 million paychecks and $100 million golden parachutes? herm

Yeah, no one talks about regulating the Fed or of privatizing Fannie and Freddie. It was the Fed, Fannie and Freddie that caused this mess in the first place.

I was reading in the Wall Street Journal this morning that many of these banks had their lobbyist working hard over the weekend to nix out provisions to make it easier for individuals to declare bankruptcy and regulations regarding compensation. These lobbyist say that many banks won't take the bailout if these provisions are included - I say go ahead and don't take the bailout then. These Wall Street fat-cats need to realize they are going to have to give a little in order to receive help from us taxpayers.

This is a bail-out and a giveaway to the kind of people who have $10 million summer homes in the Hamptons.

Their junk paper with its invented valuations is worh about 1/10th of a cent on the dollar.

The sheeple have been sheered again.

"Fuck'em. Let them go under" is good policy, Jeff, but who would be hurt most? Not that CEO. The "little guy." herm

I agree Taxman, call their bluff, I bet they don't have the cojones to reject the bailout.

"This is a bail-out and a giveaway to the kind of people who have $10 million summer homes in the Hamptons."

If we are gonna be socialists now, then let's not be half-hearted socialists, in for a penny, in for a pound. Let's do what socialists do: CONFISCATE their ill-gotten wealth.

Aren't these bailouts actually "loans"?

Yeah, fuck em. Because the little guy doesn't have any bank stocks in his retirement plans or mutual funds, and none of the other industries in the US are connected to the ability to get financing.

cabo_vato , are you kidding me?!

Do you buy the official version here that they will sell that junk in the future at a profit?! Who the hell will buy that junk? This is a bailout, the money is gone, there will be a write-off against the U.S. Treasury. Hank Paulson and company are lying to you, don't you get it?!

Herm,
Bailed out or not, the economy is getting ready to crash. So we are already screwed.
The bail out is going to jack up the taxes higher than they are now.
Fuck'em, let them go under.

Jeff is right.

This little crisis will look like a walk in the park when it is the government that can't pay it's bills. This little crisis, and resulting "solution" is only accelerating the eventual bankruptcy of the United States. When you consider there are TRILLIONS of unfunded SS and Medicare liabilies on the books, you can bet that bankruptcy is coming. Delaying the day of reckoning only makes that day of reckoning worse.

Think about it. When banks get in trouble they run to the govt. What will happen when the govt gets in trouble, who are they going to run to for help, the World Bank, the IMF?!?! Please, don't make laught, those jokers are even worse than the Fed.

could someone explain what is happening here?

banks and mortgage companies loaned money for land and houses, correct?

those loans had a value, correct?

so we have loans of x $

but they were collattaraled by land correct?

the land presumably had a value close to x?

so why is there such a problem?

ok bad loans are bad loans but we are talking a real asset, correct?

is it cause the loans were provided at x times some multiplier?

loans were given for land and the land lost value, wouldnt those properties get more value over time?

so why would they be such bad debts?

Sorry member,

I am not as paranoid as you are.

hmmmmm...a welfare state within a welfare state...hoisted by their own petard methinks!

this just gets better and better. no accountability.

This little crisis will look like a walk in the park when it is the government that can't pay it's bills.

After this bailout our balance sheet will look terrible. Hopefully the government works with individual debtors and these bad loans turn out to be steady streams of income that the government can sell off at a gain in the future - I highly doubt that though.

Ron Paul and others have been saying for a while the fiat currencies don't work, history shows they don't work. This idea of "American Exceptionalism" is bliding us to that fact.

I am not as paranoid as you are.

#31 | Posted by cabo_vato

Being paranoid in American 2008 is a healthy thing cabo_vato you should try it.

I love all the talking points in here. Does anybody here actually have a degree in economics?

Medicare liabilies.... The Pentagon has stolen billions. BILLIONS!
The day before 911 Rumsfeld held a press meeting and said that the Pentagon couldn't account for ??? I can't remember the number. half a billion or something.
That was before 911. Since then the Globalist Corporate elite are having a feast on American assests.
I have been saying on here for a year that they are purposefully blowing out the US economy for their new world order open borders bullshit.
But I'm just the nutty conspiracy guy what do I know.

Why would anyone with a a degree in economics waste their time here?

In addition, the Democratic plan would ensure that decisions taken by the Treasury secretary as part of the proposed $700 billion bailout would be reviewable under certain circumstances. The Treasury had asked that decisions not be reviewable by any administrative body or court.

Why should the Treasury have unfettered controll over this crisis?

Does anybody here actually have a degree in economics?

As I stated Friday, I double majored in PoliSci and Econ in college, and it was the biggest waste of four years I can think of.

Lee;

I just thought some of these "economic experts" in here might actually know what they were talking about.

love all the talking points in here. Does anybody here actually have a degree in economics?

#36 | Posted by cabo_vato at 2008-09-22 11:30 AM | Reply | Flag:

Yes....and I've been in sickening Fed Reserve (Chicago) bank meetings.

You think this is all ridiculous you should be privy to hearing the "gentleman" that set up the carbon credits exchange (even more ridiculous).

Does anybody here actually have a degree in economics?

A lot of people at Lehman Brothers, AIG, Fannie Mae and Freddie Mac undoubtedly had degrees in economics. Didn't seem to do them much good.

Why would anyone with a a degree in economics waste their time here?

#38 | Posted by LeeAtwater at 2008-09-22 11:36 AM | Reply | Flag:

Because, it is simply an outlet from all the ridiculous economic manipulation our politicians seem to want to control (for their own influence peddling reasons).

Speaking of AIG, the bastards are running commercials for something called AIG Direct, or something like that. I hope that people boycott that fucking company. If it's too big to fail, then let's make it smaller by boycotting it.

True RCADE....Economics is not simply a science and the community of Economic Professors in our higher learning Institutions taint their teachings with their own political biases as well (both ways). It is a disengenuous business.

It's a corporate welfare rip off plain and simple.

We will not be paid back or make any money from it as stated.

Here's a plan, how about instead of giving the money over to bankers we cut checks made out to the banks and send them to people losing their houses or those who have already lost them but they have not already been resold.

They just forward the checks to the lender. Wall Street gets its money and at least some regular American people get to benefit from the biggest theft of all time.

Why should the Treasury have unfettered controll over this crisis?

#39 | Posted by taxman

It's 9/11 2008. This is the equivalent of the PATRIOT ACT, FISA, and MCA if you don't vote for it, chaos wil come, that is how it's being sold, so people are discouraged from asking those pesky thought questions they should be asking.

Johnny, they'd have to be big checks....because these banks won't accept those people paying all the back payments (plus penalties) and even six months more in advance. They want the ENTIRE LOAN AMOUNT paid off in full. Those banks should be treated EXACTLY THE SAME WAY. Call the entire note. Let them take the same medicine they dish out.

It's a corporate welfare rip off plain and simple.

We will not be paid back or make any money from it as stated.

#47 | Posted by fresno500

I am glad I am not the only one who sees this.

Here's a good idea for something We The Taxpayers should demand of Congress and Bush. Thank you, Robert Reich on of the smartest guys around on this topic.

My five nominees:

1. The government (i.e. taxpayers) gets an equity stake in every Wall Street financial company proportional to the amount of bad debt that company shoves onto the public. So when and if Wall Street shares rise, taxpayers are rewarded for accepting so much risk.

2. Wall Street executives and directors of Wall Street firms relinquish their current stock options and this year's other forms of compensation, and agree to future compensation linked to a rolling five-year average of firm profitability. Why should taxpayers feather their already amply-feathered nests?

3. All Wall Street executives immediately cease making campaign contributions to any candidate for public office in this election cycle or next, all Wall Street PACs be closed, and Wall Street lobbyists curtail their activities unless specifically asked for information by policymakers. Why should taxpayers finance Wall Street's outsized political power - especially when that power is being exercised to get favorable terms from taxpayers?

4. Wall Street firms agree to comply with new regulations over disclosure, capital requirements, conflicts of interest, and market manipulation. The regulations will emerge in ninety days from a bi-partisan working group, to be convened immediately. After all, inadequate regulation and lack of oversight got us into this mess.

5. Wall Street agrees to give bankruptcy judges the authority to modify the terms of primary mortgages, so homeowners have a fighting chance to keep their homes. Why should distressed homeowners lose their homes when Wall Streeters receive taxpayer money that helps them keep their fancy ones?

Wall Streeters may not like these conditions. Well, you should tell them that the public doesn't like the idea of bailing out Wall Street. So if Wall Street doesn't accept these conditions, it doesn't get the blank check.

the land presumably had a value close to x?

so why is there such a problem?

The problem is that the banks lended money based on no proof of ability to repay, no proof of assets, etc.

Even if the bank did loan $200,000 for a home and land, the value now is $120,000. If the bank were to sell it, they would probably get $80,000.

I remember going to buy my first house and the amount of the loan I was approved for was 3x what I could repay and still live a normal life.

All my RE agent was concerned with was: How much are you approved for?

In the end I bought a house for 1/3 what I paid for, used a different r.e. agent that listened to me.

i do not even pretend to understand what all this means.

what I do know is that my 401K is down 40% from a year ago.

what I do know is that the stock exchange is going nowhere.

what I do know is that all this stuff I am hearing sounds similar to the enron shenanigans. bad debt etc.

what I do know is that my company (a private medium sized firm) is for the first time in a very long time drastically cutting expenses and talking about lay offs (white collar)

what I do know is that we are pouring money on top of our public debt. I dont know if this is the right or wrong thing to do. it seems to me that we will all pay one way or another if the stock market crashes.

wound my heart with monotonous languor.

This is unprecedented. The democrats and republicans actually agreeing on something. Maybe if we all work together, we can stop the inevitable collapse of the whole US economy.

but is the problem so HUGE? is the problem so simple?

we are talking real assets here, real land real buildings, is it really $700 billion worth of equity losses in the loans?

doubtful lip, cause like junkies the american people have been living with more spending, less taxes. the collapse seems inevitable.

what I do know is that my 401K is down 40% from a year ago.
#54 | Posted by truthhurts at 2008-09-22 11:54 AM

Maybe you need more diversity in your portfolio.

ok first I think I exaggerated all the monotonous languor

20% not 40%

it is very diverse with good funds and with a good investment firm.

The Dems are trying to get CEO compensation capped as a condition for any bailout:

More BS--this whole thing is BS--kicking the can down the road.

Like Ron Paul said this weekedn--there are less intrusive policies that can be implemented without the bailout.

It will hurt for a year while things get adjusted--

But this bailout is being crammed down the taxpayer throats.

Milton Friedman definitely had some degrees but that didn't stop him from being wrong about everything. We are not the first economy to be destroyed by supply side economics.

Beavis,

I am sure you do not even have a portfolio. So, shut the fuck up.

Be sure to flag it offensive, you know you want to like the lil girl you are.

"Does anybody here actually have a degree in economics?"

Well, surely not Bush, Cheney, McBush or Palin. I suspect that Obama's law school achievements are the equivalent of any doctorate in economics.

"i do not even pretend to understand what all this means. what I do know is that my 401K is down 40% from a year ago."

Not much else you need to know. In eight years of Bush, my retirement nest egg LOST value.

"a welfare state within a welfare state... this just gets better and better."

See ... The rightie Nancy needs no degree in economics. herm

Herm,

Pretty close to everyone agrees on this topic, we're gonna git a screwin'. Only those hard-core market firsters like Cabo want to see this. They actually believe the hype that Bush is wunnerful and the fundamentals of the economy are sound. Lurnin' is hard werk for the profoundly stupid.

Republican ideology - give money to rich, hope it trickles down, but dont really care if it doesnt.

I do not see any difference for this situation.

Why would I do that? I am not a sissy lib. If calling people names makes you feel better about yourself, then go right ahead.

ding ding ding....one of our new members, AK Patel hits a big nail on the head.

Not much else you need to know. In eight years of Bush, my retirement nest egg LOST value.

And you blame the President because you do not know how to manage your portfolio?

Cabo the Pansy Liar and flag maggot. Are your cheeks turning hot and red from having been caught in a lie?

A loss of 40% is te fault of the investor. You need to diversify your portfolio to prevent these big loses.

And what lie is that?

herm - our family WILL survive a depression - we know the lay of the land and how to MAKE DO/CAN DO - what will you do if the lights go out? the writing's been on the wall for over sixty years. p.s. i minored in accounting - i hate when the numbers don't add up.

And you blame the President because you do not know how to manage your portfolio?

#71 | Posted by cabo_vato at 2008-09-22 12:25 PM | Reply | Flag:

No, we blame President HooverBush for his incredibly poor stewarship of an economy that was in excellent shape with surpluses. Turning things into a huge pile of crap so he could play army men in a soveriegn nation to sooth his ego. His incompetence knows few or no limits, went to war for oil and screwed the pooch so badly that instead of making us safer and more secure we have more terrorists and $4.50 gasoline. Keep spinning thos Lush Rimjob talking points though, it makes you resemble Trig Palin without the cute.

Nice try at deflection.

I doubt seriously that CAbo has any type of investments or any portfolio. Just a troll trying to sound intellectually superior without any substantive posts ever to back that up. There are righties who can back up their positions, CAbo is not one of them.

Oh, you don't have a portfolio do you?

Don't get me wrong Cabo, I don't actually mind that you flagged one of my posts and I got a dump. I've tried pretty hard on quite a few occasions to say something that I just thought for sure would get dumped prior to you sorry self appearing here. You're just that latest in a long string of righturds to come along. I just want people here to know that you're a flaggin' maggot.

aaawwww that hurts danni. Another nice try at deflection. Jealousy becomes you.

'And you blame the President because you do not know how to manage your portfolio?'

I think Pato Gato aims that at me. But it's The President, Pato. Capitalize "The," maybe with an exclamation point (!) after President. YOUR president.

Anyway, the nest egg that I may have to use in my old age when social security and a newspaper minipension no longer put food on the table, is in a fund much like a 401 (k). I don't manage it, and Bush is directly responsible for its LOSING value in eight years. herm

I do not recall flagging you. Maybe I did.

Pato = duck. Gato = cat. This guy surely knows no Spanish. herm

Does anyone think that this financial melt-down right at the end of the Bush administration is a coincidence????
Pull my finger.

*pulls Danni's finger and does the two step back*

If you have no control over your 410k, then you need to do something about that.

$700 Billion.

#7 | Posted by truthhurts at 2008-09-22 10:53 AM | Reply | Flag:

Wrong, try 1.8 trillion.

The Treasury plan, which follows a new federal guarantee for money market fund holdings, would push Washington's potential bailout tab to $1.8 trillion.

But you're right Danni, McBush is gonna be mightily pissed off if Bush's own economy crashes and burns, he declares martial law and cancels the elections.

he declares martial law and cancels the elections.

WHAT?????????????

$1.8 trillion and they've decided to suck it up for foreign banks that hold bad American debt as well. It's like watching money fly out the window.

I doubt seriously that CAbo has any type of investments or any portfolio.

#78 | Posted by danni

Sure he does, he has one of them Trapper Keeper Portfolios that every 12th grader carries around.

"7% of Voters Back Bailout"

So?
-Dick Cheney

If you don't believe that Bush and Cheney could muster that much hubris and disrepect for the Constitution then you're even more stupid that I was already pretty sure you were.

aaaaawwwwwww that hurts. Another nice try at deflection

Cabo Vato making mental deficients everywhere feel better about themselves.

"But you're right Danni, McBush is gonna be mightily pissed off if Bush's own economy crashes and burns, he declares martial law and cancels the elections."

They'll blame the Democrats for delaying the bailout and say they have no choice.

58

What time does your shift at BK start?

he declares martial law and cancels the elections.

#89 | Posted by Reagan58

Then 58 and danni must be feeling pretty wonderful about themselves right abou now.

Later children.

I guess Cabo's shift at McDonald's is starting soon.

Keep spinning thos Lush Rimjob talking points though, it makes you resemble Trig Palin without the cute.

Reagan58

Now THAT's funny-I just spit all over my monitor, and wet my pants......

Fuckin'Phunny Fuckin' Phlag!

Sounds like everyone is having fun today.

Trig seems an odd name for a baby...I wonder-If Track was named for being conceived under the bleachers at a TRACK meet-does it mean that's the STD she got from Trig's daddy?

Hopefully Reid and Pelosi read this and regulate the crap out of the financial markets.
Not expecting it, though....
Yeah, like they haven't had a chance to do anything over the last two years. Too busy chasing the ghosts they call Cheney and Rove....WTF were Sen Schumer and Clinton doing while this was happening in their backyard? One was just ripping Bush and the other was running for Pres....

Trig, Track, Tic, Tac, Toe, who can keep up. I'm betting that Piper and Willow are just pissed of that they didn't get the "T" name.

"The government could make a profit, a substantial profit," said Jaret Seiberg, a financial services analyst at the Stanford Group, a policy research firm. "The pricing mechanism is going to be central."

"Yeah, like they haven't had a chance to do anything over the last two years."

As if any attempt to pass regulations would not have been met with a filibuster supported by the guy who was known as a deregulator and if that had somehow failed there was a big fat veto waiting anyway. Nice try, but you just can't escape the fact that these problems arose primarily on the Republican's watch.

Midtowncowtoy thinks that business only happens on the streets of New York. It's going on everywhere CattleVibrator.

""The government could make a profit, a substantial profit," said Jaret Seiberg, a financial services analyst at the Stanford Group, a policy research firm. "The pricing mechanism is going to be central."

That is one of the funniest jokes I've ever heard.

"The government could make a profit, a substantial profit," said Jaret Seiberg, a financial services analyst at the Stanford Group, a policy research firm. "The pricing mechanism is going to be central."

#108 | Posted by retnluvnit at 2008-09-22 01:04 PM | Reply | Flag:

And I'd betcha a cup of coffee that the average American sees not one red cent of that.

Sorry 'bout your pants Frank.

Danni, always excuses by you for your libs in congress. I LOVE IT. When something goes wrong you always blame Bush. When Congress fails to act, you blame Republicans, which are the minorty. If the dems are unable to act when they are the majority then they e doing something very very wrong.

"Maybe you need more diversity in your portfolio."

Cabo's portfolio mix:

10% Lottery Tickets
15% Tokens from Chucky Cheese
15% Franklin Mint collector's plates
25% Comic books
35% Potato chips and other foodstuffs that look like people bought on ebay

Yep, there comes Retnluvnit with the standard partisan hack party line.

How is spending another trillion we don't have going to affect the dollar?

Hint: Not good.

"When Congress fails to act, you blame Republicans, which are the minorty.

#114 | Posted by retnluvnit"

The Democrats and Republicans have equal numbers in the Senate (49-49, with two independants) and have about 30 more members of the House than the Republicans do. That's not exactly an overwhelming majority.

This isn't to say that the Democrats in Congress are innocent, but saying "it's not the Republicans' fault! The Dems have a majority!" is a total load of crap.

Sully,

Don't look at the man behind the curtain.

I do not think we should bail these companies out. Let them fall.

Sully, what does yours look like?

Kinger,

You do realize that you'll never get back the time that it took you to type that. Most of the righturds have already received their talking points from the few sources that they are willing to listen to.

58, where do you get your talking point? huffington post?

"58, where do you get your talking point? huffington post?

#123 | Posted by retnluvnit"

Clearly, he gets them from the Democrats in Congress, who have such an overwhelming majority that everything is their fault!

oh wait

D'oh!

Sincerely,

Homer Kinger

OK, so the government chips in 1 trillion it ain't got, that it just prints.....so how much is a gallon of gas going to be???

#124 | Posted by Kinger

A well deserved FF

Quit worrying about gas Danni, you're not gonna have a job you need to get to or money to buy groceries once McBush gets elected.

Time to go tee it up.

Later trolls

HC,

If'n you haven't already done so, you should really read upthread, there's a lot of funny shit here today.

When Congress fails to act, you blame Republicans, which are the minorty.

#114 | Posted by retnluvnit"

The Democrats and Republicans have equal numbers in the Senate (49-49, with two independants) and have about 30 more members of the House than the Republicans do. That's not exactly an overwhelming majority.

This isn't to say that the Democrats in Congress are innocent, but saying "it's not the Republicans' fault! The Dems have a majority!" is a total load of crap.

#118 | Posted by Kinger at 2008-09-22 01:20 PM | Reply

EXACTLY !!! These Asshole Republican filibuster and stop any close legislation Democrats try and put thru and have been stopping for the last (2) years.

They've wrecked the economy and the country in the name of deregulation, greed, and Trillion dollar war mongering and they have the fucking balls to try and blame it on Democrats !

It would be comical if not so pathetic tragic. And these bastards call anyone who opposes them Traitors !

I just got off the phone with Senator Feinstein's office in D.C. The staffer who answered the phone said all the calls they were getting were nothing but calls about this bailout.

I told her I wanted Congress to take all the time needed to go over this bill with a fine tooth comb and not just rush through and sign it. I also said the $20 billion set aside in a "bonus pool" for CEOs' bonuses should be eliminated. I said some of these guys should be looking at the inside of a jail cell, not at a bonus check. (I was hot under the collar! LOL).

I was glad to hear from the staffperson that so far ALL the calls to Feinstein's office was nothing else but calls about this bailout.

Get on your phone and tell your Congressperson you expect them to make sure this bill has plenty of taxpayers' safeguards. What I've read about this bill so far in the L.A. Times makes your hair stand on end, It literally gives the Treasury Secretary $700 billion with no accountability for anything.

Of course, so far all suggestions for taxpayer protections oversight in this bill have been shot down by the Bush Administration.

When you get a newspaper and take the time to really read the loopholes and fine points this $700 billion bailout bill and how there is no accounting for the money you are stunned. At least I was.

What a joke too. Rush is now on the radio entirely blaming the Democrats for this mess. This deregulation mess was Bush's free trade, deregulation agenda pushed thru by his Republican cronies like Senator Phill Gramm. I hope the Democrats fight back hard and don't let Bush and his minions shove the blame entirely on them. There were many Democrats who profitted from this too but nothing rises to the level of corruption seen in years of the Bush Administration.

Bush will ride off into the sunset this January 2009 to his newly bought 100-acre hideway ranch in Paraguay, his pockets brimming with your $700 billion tax dollars and a big smirk on his face as he waves "Adios Americano Taxpayers, adios you suckers."

Why you fucking traitor! How dare you say something like that.

"
Time to go tee it up.

Later trolls"

So says the troll who stops by to lie and then runs away because he has nothing to say to those who correct the idiot.

Who me?

hee hee I'll say what I want. pppffffttt!

Reagan,

If Robert Reich is so smart.... Why did the 4 foot 11 and 7/8 inch short Reich have to put up with Joe Biden last week, when Biden cajoled Reich to "stand up, STAND UP Robert and be recognized"?

To which Reich was heard to mumble in response, "I am standing up, jackass".

As if any attempt to pass regulations...
Congress is responsible for oversight already. They have all of the regulations they need. Sarbanes-Oxley gives them all of the visibility they need. Congress failed in their oversight responsibilities.

"This is only slightly worse than the S&L problems of a few years ago and I helped fix that problem for Americans."

Sincerely,

John S. McBush

PS, this is really the Jews fault.

My 135 was to Reagan58, not you Danni. lol

"Time to go tee it up."

Why not just brag about going to watch paint dry?

When the dust from this debacle settles America will probably finally be ready to put our media back into more diverse hands so that lying, putrid unAmerican scum like R. Limbaugh can't continue to help sell Americans down the river for his rich owners. This pompous ass will enjoy his life regardless with his 400 million dollar pay check but his listeners will have to live in this debt ridden nation trying to buy necessities with inflated dollars, stagnant wages, few jobs and tremendous competition from illegal workers and outsourcing.

I do not think we should bail these companies out. Let them fall.
But who will pay for your govm't check?

Ride_One,

In what righturd reality does that have anything at all to do with how smart Robert Reich is? Damn, I think you're getting confused by all of the lies and distortion from your heroes. Borrow Vermin's calculator, it won't help you remember what you're trying to say but the cute buttons and shiny plastic will keep you amused.

"Why not just brag about going to watch paint dry?"

He's teeing up my ass, he's just running away because he was getting his ass kicked.

When you stop blaming George Bush, we might get a solution. It has taken the cooperation of both parties to create this mess. Ask the Democrats wh