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Wow! A crisis of epic proportion you say Mr. Bush? “consequences will grow worse each day if we do not act.” eh?
Then why the hell did congress take a day off during this so called critical time?!?! And for a Jewish holiday none the less?! It’s not a federal holiday, no one else in American got the day off unless they were Jewish themselves I would imagine.

What a joke.

Wow! A crisis of epic proportion you say Mr. Bush? “consequences will grow worse each day if we do not act.” eh?
Then why the hell did congress take a day off during this so called critical time?!?! And for a Jewish holiday none the less?! It’s not a federal holiday, no one else in American got the day off unless they were Jewish themselves I would imagine.

What a joke.

Looks like the market is adjusting just fine today. No Bailout!!

I realize that Bush is a lame duck here but what he said this morning was the most un-inspiring waste of time ever!

Come on now, supposedly he has the most brilliant minds at his disposal, why can’t they come up with a plan that the congress will pass?

Maybe this is part of the whole, wrapped plan, I mean we see how our markets are adversely affecting the whole world, so maybe this is all part of a scheme to show the world they really do need us and if we go haywire then so do they. I know this is twisted logic but what plausible explaination is there for not passing this Bill or working around the clock to fix it? I don’t care if this is a high Jewish holiday. I don’t care if it’s Christmas, or any other religious holiday… get back to work!

To Neal E.
Maybe you don’t want to buy a home or try and build up your business but some of us do. No one wants to bail those wallstreet idiots out but, unfortunately, they have us by the short hairs.

I can see my 401k sifting out like sands through an hourglass. I have resigned myself to never having any social security but since I was a young adult I have been saving money in my 401k because I ‘thought’ that was the smart thing to do. Now, it looks like that’s going too.

When too much is taken from people who earned it, they become desperate and that’s not good for anyone.

I don’t care if the US Governmental BAILOUT for Wallstreet plan passes this week or not. I believe the average joe on Mainstreet will get the SHAFT BIGTIME for a longtime after this passes.

Capitalism is DEAD in America! Socialism is the order of the day.

I would rather put my TRUST and CONFIDENCE in my neighbor the fireman or the secretary and bond together to get through tough times rather than relying on our (WOLVES in SHEEPSKIN) politicians to save us.

Yeah W. We are in a critical moment. That is exactly why this bill was defeated in it’s current form and it should continue to be defeated until it is fair for the American people. W… get some level-headed people around you and stop listening to Paulson’s plea to aid his cronies. Everyday business owners make decisions they must deal with. Why should investment bankers be any different? Because credit will become tigher? It should! With every man woman and child in this country carrying $12,000+ on an average of 8 credit cards in consumer debt, someone has to put the brakes on careless lending. I’m sorry but not every American should be a homeowner and therefore not be able to obtain a mortgage. Because more mortgage defaults will drive down the value of homes? It should! Housing in this country is way too expensive. The intent of owning one’s own home at the very most will return to being a hedge against inflation instead of the misuse as an investment vehicle. Because speculators will not return to the marketplace until the market is stable? Good! Keep them out. Amateur speculators crashed the dot.com markets as “day-traders” in the late nineties and the “investment bankers” did the same with mortgage and housing markets. Many will prove to be the same individuals. Let the marketplace correct itself W. and let the pieces fall where they may. Survival of the fittest … it works on Main Street… it can work in Washington.

===== FIRST THINGS FIRST – REMOVE PELOSI AS SPEAKER =====

Tanked-

I feel your pain. The wife and I work full time jobs, I havent had a decent raise in 9 years, I could go someplace else, but you end up at the bottom of someone else’s Totem Pole, not sure if the job will be stable, and more than likely, with less pay than you made in the old job.

You pay more for benefits, insurance, rent, gas. No one is looking out for us, the bailout won’t change anything for us as long as the a-holes who created this mess are still in place. Which includes the business men, stock market hacks and politicians. Greedy all.

And in the end THEY are the ones getting the bailout? It won’t change for you my friend. That money won’t be there when you retire either way.

The only reason people invest is because they want something for nothing.

Investing is really just another word for gambling. Nothing more. You take your chances. The stock market has generally gone up over a long period of time, so it appeared to be a relatively good gamble for many people. They stopped thinking of it as a gamble.

But other people in the game were playing with your money and things have fallen apart. Whether they were simply greedy or whether they were crooked remains to be seen. But they’ve got your money now.

In any case, now you’ve lost your gamble and you want your money back. Only normal. The question is: who is supposed to give it back to you? Taxpayers who were never in the game in the first place? Their children and grandchildren?

Ah let it ride!! Let’s see how big a pair these leftist billionaires have, and how far they’re willing to go.

http://www.youtube.com/watch?v=gIouq2u9kUo&feature=related

http://www.youtube.com/watch?v=Csthf_CQsjo

Thats is Bushy, instill FEAR in the general public so we will accept any GOVERNMENT BAIL OUT plan regardless of how DAMAGING it will be to us (the citizens on Mainstreet) NOT, you ASSHOLE! who deserve to being financial peril because you created and or allowed this to happen!

Neal,
Don’t be so pessimistic. The market can and eventually will turn around. This bill serves to stop the bleeding and should restore some liquidity to the banking industry. A caveat to accepting “bail out” money should be that ALL senior executives of these companies should be required to relinquish ALL of their stock and stock options to the lender (that would be “us” via the government). These creeps got fat and rich at our expense and should not now benefit from any recovery.

To House Republicans…stop being obstinate; work out an acceptable deal and PASS it.

To Pelosi…if you can’t lead, SHUT UP and make some coffee! Every time you open your big mouth, you make things worse. For once do something for the benefit of your country…NOT for the benefit of your party.

Americans:

Stop with the panic and fear.
I am 67 years old and have to rely on investment income for my older years. The portfolio is taking a beating FOR THE MOMENT.

The market is sending a message to those that exceeded prudent borrowing, and those that profited from allowing it. Let the market go to its own equilibrium. Many will get bruised. Some hurt. I expect to go back to work. But that is freedom.

President Bush, unfortunately either does NOT have a clue about what has happened, nor has ANY staff of advisors to help him solve the “crisis” or he refulses to listen and is just plain bullheaded and single threaded. Whatever, he is leaving in January, and my portfolio and future belongs to ME and not to him and his failed crowd. The Democrats offer nothing but more of the same corruption and socialism they have operated under for years and years.

We trusted that Iraq was going to nuke us, poison us,cut off our heads, and destroy the American way of life. The Congress went along then…just like right now on this phoney “crisis”.

Sorry. Maybe they did not LIE….but for certain they were WRONG.

It is too late to get our $400 billion back spent on Iraq independence.

But it is NOT too late to refuse a TRILLION dollars to the wall street crowd and congressional lobbiests and campaign money donors that are all going to get the goods here. Americans might call the Congress, Lobbiests, and Wall Streets the HALLIBURTON of the American economy here.

We do not need the “RESCUE PACKAGE”…originally called the “bailout package”…then called the MOAB so no one would recognize it anymore.

PRESIDENT BUSH, AMERICA DOES NOT WANT NOR NEED THIS BAD LEGISLATION LISTEN TO US….WE ARE TELLING OUR CONGRESSMEN TO VOTE AGAINST IT…..THE ONES THAT VOTED AGAINST IT ARE THE LAST BIT OF HONEST AND SINCERE REPRESENTATIVES THAT AMERICA HAS….WHEN FACED WITH THE PAULSON, PELOSI, REID, FRANK, DODD, SCHUMER, RANGEL, CROOKS AND CRONIES.

PRESIDENT BUSH. STOP….PLEASE….GO TAKE A SHOWER….CALL IN SEC. SAM BODMAN III FROM COMMERCE…HE UNDERSTANDS MARK TO MARKET AS A SOLUTION TO EASING CREDIT IN THE FINANCIAL MARKET….PAULSON IS A GREEDY FORMER GOLDMAN SACHS CEO WALL STREETER….THAT IS ALL HE KNOWS.
LISTEN TO NEWT GIGHRICH, STEVE FORBES, U OF CHICAGO ECONOMISTS AND ALL THE OTHERS THAT TELL YOU THAT THIS IS WRONG WRONG WRONG.

STOP MAKING US LOSE OUR SAVINGS….LIKE YOU SENT OUR YOUNG TROOPS INTO DIE FOR WEAPONS OF MASS DESTRUCTION….YOU WERE WRONG THEN…..YOU ARE WRONG NOW. PLEASE….STOP NOW.

All you need to know before reading below is who Owns the Private Federal Reserve. HINT: There has never been a Federal Reserve Chairman who wasn’t a jEW!!!

Marx’s Proposal Number Five seems to be the leading motivation for those backing the Wall Street bailout

By Martin Masse
In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.”

Bush is such a comforting, believable, trustworthy leader. Too bad he’ll be gone soon. But wait! We’ll have an even better replacement after John McCain gets sick again: Sarah Palin. That will be so peachy! She is a Mom! A hockey mom!

She knows about markets. She shopped for 5 kids and a husband! She made ends meet, she made mooseloaf!

She will put a band-aid on the scraped knee of America, kiss it and make it all better! You betcha!

What an arrogant dufus? He spends all the time yelling at Congress when all Congress is doing is listening to their people… doing their job…
(Except I would like to see an alternate plan proposed).

Bush, doesn’t have enough time to take answers from the media????

Bush is the lamest leader this country has had since Jimmy Carter… Or possibly Bush I.

LAME LAME LAME LAME LAME.

“The reality is that we are in an urgent situation, and the consequences will grow worse each day if we do not act.”

The consequences will be even worse than that if we rush into this and fail to address the problem. Throwing money into a roaring fire will not put the fire out, but only make it grow larger.

Why would I agree to give bankers more of my hard-earned taxes when they won’t even loan it back to me?

http://evilbankers.com

http://mynameisjoecortina.wordpress.com/2008/09/30/an-open-letter-to-the-jews-that-mocked-the-deaths-of-the-jew-murdered-uss-liberty-crew/

What is scary is if ever Obama becomes president, not only is he an empty suit and naive, he is dangerous.

Don’t worry. In a little time they will get it all figured out. One thing that would help calm nerves and prevent possible major bank running though is increasing the FDIC insurance limit from $100k to $250k (or higher). Then folks like me would not have to shuffle money around many bank accounts.

“No one has every lost a penny at an FDIC insured institution.” Just like “No one has ever. died as a result of an accident at a nuclear power plant.” – until Chernobyl…

Bush would be irrelevant, but when he bombs Iran after the election, we will have just one more giant mess to remember him by…

But the only concern right now is how much higher the market will go and when to sell off all those bargain stocks we bought yesterday :D

“The reality is that we are in an urgent situation, and the consequences will grow worse each day if we do not act.”
“Before leaving office, how can I help my millionaire buddies cash out if I don’t immediately take these hundreds of billions from you, the powerless general public?” “How will I ever be able to pay back the banking industry for their support and contributions to my election campaigns unless I put you further in debt?” “Since our banking industry now has no government regulation, how else will they learn self regulation than by taking everything we can from you and giving it to the failing, poorly run banks?”

The market already corrected. It lost 1 trillion one day, then gained 500 billion the next day. Some banks will fail, but the smart ones won’t buy enough crappy debt at full price so their own bank becomes insolvent.

Bank stocks are worth what people think they’re worth. The problem is the same as the “accounting” issue of days past — the banks didn’t have to say how much of their debt was simply a “house of cards”. Turns out many were all paper houses.

Congress? If you want to screw it up worse, let’s make a brand new tank hole for crappy loans that people aren’t going to pay — you remember — the same loans you forced Freddy and Fanny to make based on Race and not income in 1993? Lower the bar you said. Home ownership will lift people out of “poverty”. THINK OF THE CHILDREN!!!!

Greenspan even thought 3 mortgages on the same house was a “good idea”, and what the hell is an “interest only” mortgage? God. Why this crap was legal in the first place is baffling.

Enough of Congress. Everything they touch turns to shit. They created this mess. I’m not paying for it.

Nobody is talking about giving dime one to anyone holding bank stocks that tanked (the 1 trillion who sold crap yesterday) — those are the people who were “wronged” by your forced crappy loan policy and piss poor accounting loopholes.

Turns out lending to “good credit” is actually increasing. Companies are going to be just fine. Banks after all…lend money to people who pay interest…even in bad times. It’s how they make money.

:keith

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