****** US Treasury Secretary Henry Paulson is asking other countries to help buy up bad US debt......Posted by reinheitsgebot ******

......so now we are begging for foreign aid......

......so that our Wall Street execs can get 50 million dollar golden parachutes.......

Just look at what happened to the stock-holders that had money in the failed banks. They lost their money. Poof, gone.

Then when the market allows those banks to come back, that money will still be gone. And the stock-holders will still be screwed.

I don't believe people see what is really going on here. This is another attempt to bring private businesses under the government umbrella. Now, they want the rest of the world to help do that?

Marxism 101

"It's not a call for assistance; it's a scream for help. US Treasury Secretary Henry Paulson is asking other countries to help buy up bad US debt.Some countries are planning to help. But the German government has answered this call quickly and clearly: no."

Vee ehr naht ass shtoopid ass yoo dumkopfs be tinkink.
Vee kann tell zer difference betwoon scheiss und shinola.
~Der Katzenjammer Kids

The economy of this world is so entangled that a major failure affecting, in this case the US, will cause more than just ripples around the dirt ball we call home. If the US is hit particularly hard, many others will also feel the same or worse.

These sub-prime loans with so little backing are symptomatic of a poorly governed financial market. The failure of the last two administrations to protect us from economic disaster is shameful. The continuing failure of the Bush Administration to come up with a plan that will not put us in danger of a huge depression is typical of Bushco. Lacking a long term view, they propose things that may only lead to ruin. Remember that the tax rebates were conceived to "jump start" the economy. It has done nothing of the kind. Can congress trust Bush, not just to aid the economy, but not to use this as the worst major power grab ever?

When the US sneezes, the rest of the world catches cold. And given the recent movements toward the dollar and away from the Euro, the markets seem to be ahead of the German central bank, as usual.

**** If the US is hit particularly hard, many others will also feel the same or worse.
.... Posted by keith204 *****

........not really.......

.....most of the western world governments are not running killer deficits like we are........

......they may have one or two financial institutions stumble or fail, but nothing like the US......

........no one else has the incredible defense budget, foreclosure problems, the medical bankruptcies, the immense deficits of America, a sea of shantitowns is our only growth industry.........

........no.......this is capitalism, cronyism, and fascism run rampant, no rules, no oversight, no sense of the greater good.......

........not really.......

???

I guess you haven't noticed the $50b+/mo trade deficits that have been going on for decades. If that money stopped flowing outside our borders then, yes, the world will notice and be affected.

.......the money will not stop flowing to our trading partners just because we have a meltdown......trade will continue but slower.......

........fiscally.......we are in terrible shape...none of the other western economies are carrying a national debt and a budgetary deficit like we are.......

.......no other are as vulnerable........

......the dollar will sink, and we will pay more for everything and be poorer.......the Bush legacy.....

**** I guess you haven't noticed the $50b+/mo trade deficits that have been going on for decades.
.........Posted by goatman ******

.......I surely have noticed....and thought that it was a foolish strategy on our part.......

.......we have financed the rise of China.....by transferring our wealth to them.....and to the Middle East.......big mistake.........coming back to bite us in so many ways..........

**** And given the recent movements toward the dollar and away from the Euro, ..... Posted by rightisright *******

.........I wish you were correct on that , but the movement is the other way......

........the Middle East is moving to unload their dollars, but must do it slowly to not cause a drop that would damage their cash holdings........

......the world is moving from the dollar to the Euro as the world standard........

Can anyone link what the subprime loans total?

Is it 700 billion?

There are about a million or less people in trouble with their loan--it does not total 700 billion dollars.

This is horse manure.

**** This is horse manure..... Posted by MURPHY**

......in the last two years, there were 4 million foreclosures in the US.....

......I have not seen anything about 2008's numbers yet.......

.......the intent of the bailout is not to help home-owners, its to help the people who invested in their mortgages ( and mortgage guarantees )......in other words people & institutions with a ton of cash.......

.....the administration wants to bail out the millionaires bad investments, and leave the homeowners to set up Bushieville shantytowns......