Lawmakers, White House agree on $700B bailout
 

do you think $700B bailout is going to work ?
http://news.yahoo.com/s/ap/financial_meltdown

i don't think it the best answer

It is corporate welfare at its best. It will not help the American taxpayer that will have to fork out over $5000 each to cover this. This has been the worst year ever for my business. Peoples extra cash is going to Exxon, Shell, BP and all the other criminal oil companies instead of buying toys. How is this bail-out of greedy fat pig big business going to help us put food on our tables - it is not! I do feel better because CEO's bonuses have been capped at $500,000!!!! :confused: If you failed at your job & ran your company into the ground would you get a cool 1/2 million bonus? The only Government help these SOBs should be getting is an unemployment check! As a REAL small businessman I am sickened by this. The only help I can get from my government is the IRS with its hand out. The economic crisis will not go away untill gas prices are no longer criminal! It cost 100 effen bucks to fill my mini-van up! Haven't we conquered Iraq, to the victors go the spoils. Iraq has a $79,000,000,000 excess because of our efforts that cost us $10,000,000,000 a month!! Halliburton is already over there - start shipping that crude to the US. At least after Pappa Bush's war gas was at .88 cents a gallon. This just goes to show who runs the US - corporations!

Vader, Agreed. What they need to do with these business execs is, every time they run a company into the ground, have the IRS come in and fine them or levee a tax on them...let's call it a "better Business tax" until all they can afford is to live in a trailer, drive a hyundia, and hold business lunches at McDonald's the rest of their lives! It should be that no matter how much they make in their lifetime, they have to give it all back to the government until the damage they did is paid for!

For too long we have allowed fat cats to run multi-million dollar corporations into the ground and walk away with a seven figure severance package. What the hell? A kid cusses out or over charges a customer at McDonalds, he's out on his @$$ in a heartbeat, but these guys lose billions and then get a reward? WTF is that? And this isn't the first time crap has gone bad! Remember the Savings and Loans Scandals? And the Junk Bonds? Enron? World Comm? What the hell does the finanace department do to ensure these guys are playing by the rules? Nada! But they jump in with Millions to help them when $hit falls through the cracks! How about spending that money where we need it? Oversight and monitoring?

And the worst part is, the banks aren't the only ones guilty! All these speculators seeing "flip this house" and all those other "make money flipping real estate" reality shows and encouraging people to go hog wild buying up property, knowing that driving the cost of housing up will only make it unfordable! Dumb@$$es! They should all be tried, found guilty, taken to the steps of the capitol building in Washington D.C. and executed by firing squad on national television!

And the oil Companies are no better! They make $36 Billion a quarter in PROFITS!! And they say they need it due to the cost of refining and processing. Well, I'm NOT business savvy, but I did take business 101 in college and they said PROFIT is what is left over AFTER all your expendatures...to include refining and processing! I have an idea, why don't we make the oil companies bail out the banks? it would only take them about 5 years to make up the $700 billion!!

bailout
 

To throw money on something that has poor economic fundamentals is stupid. If you make 20,000 a year it not up to us to see you have a 100,000 house. Many people got these loans and didn't know what they were doing. You have to live within your budget and not go crazy with your credit card. And don't fire the Iraqi army next time you invade, that was just insane.

You guys do understand that if this situation is rectified, it could lead to a world-wide depression?

Unfortunately it's just the average US citizen who'll have to foot the bill. But the main company in question has assets all over the world. The investors are world-wide. I do agree on everything that's been said. It'll take at least 2 years from the time the bailout occurs to get things remotely 'normal'.




And how 'bout these apples?

http://seattlepi.nwsource.com/busin..._citigroup.html

Citigroup to buy Wachovia banking operations.

And what would happen if Citigroup were to fall? They are buying up a lot of properties. Glad I got rid of my Citibank account years ago.

World-wide depression? That is not true! That is a line that we have been fed to get this crap passed. Just like WMDs in Iraq, the surge is working, my housekepper is the best person for the Supreme Court, and all the other crap we have been fed by this administration. THE cause of the finacial crisis is gas prices. Higher gas mean higher prices on everything and less cash in your pocket for anything. We WILL and are close to already being in a depression, if prices do not become sane again. Remember minimum wage is now 2 gallons of gas! Why can't people pay their mortgages - Mommy & Daddy both work = 2 cars X $100 = $200 a week in gas! X 4.3 weeks in a month = $860 = EXXON GOT THE HOUSE PAYMENT!

You want to hear a real good one - My wife's father worked for Halliburton, he was killed on the job when she was 4 years old. A trust was set up for her at BanCorp South that she could not touch until she is 35, which is next year. Our 4 kids have CDs for college there as well. With the intrest since 1978 that trust is worth almost $1,000,000. BanCorp is filing for backruptcy, they will be bailed out by Uncle Sam and the FDIC will pay off the trust for $100,000!!!!! CDs are not protected, so the kids college money is GONE! Don't even get me started on my bank - Washington Mutual!!!!

The financial problems comes from 8 years of messed up politics. The main company in question for the bailout has assets all over the world and it's not just US investors. Insurance companies who have something at stake are gonna lose something and it'll mess up their own countries.

http://seattlepi.nwsource.com/busin...ing_crisis.html





The UMD, I never believed in. I read too many reports that there never was that problem. But that's a different subject.

One of our local banks is being bought by Chase Morgan. Most people in Washington (state) believe that Chase Morgan will close down Washington Mutual. Yes, THEIR problem was lending to people who they shouldn't have. That's already a no-brainer with the housing bubble bursting.

And for more fun reading...





http://seattlepi.nwsource.com/busin...stigations.html



And if you want to pick on the gas prices, it's not like Health Insurance costs aren't a problem either. In any case, it's still BS that the US has to bail out this company instead of other countries getting in the act and helping.

the gas had a lot to play in this game, and now there talking about no more gas, they say that oil is just about dry up. ok so 2 things to this, 1, were in deep trouble, or 2, there feeding us a bunch of shi#@,