Wall Street mega bailout ahead?

When faced with a knife in your gut or a bat to your shin, I supposed you have to pick the bat to your shin.

The Government has to do what there bosses (the bankers) tell them to do. They want bailouts with no repercussions then so be it. Run those printing presses!! I am just glad that the greatest generation (the last true Americans) won't be around to see the end of a once great country, that they fought hard to protect.

So Daddy Warbucks has a plan!
I wish I had a 'get out of debt free' card.
This seems to be going beyond stabilizing measures and enters the area of directly subsidizing the banking industry.

I guess this is what they meant by "trickle-down".

Ryan,
"Run those printing presses!! "
-
I guess our question would have to be;
Yes, but, can they run them fast enough?

When do the bad actors get fined?

Just keep repeating;
'We can't afford national health..
We can't afford national health..
We can't afford national health..
We can't afford national health..'

The Decider has decided that socialism is the answer to the economic mess his administration decided to create.

If this truly happens, then the US Govt. should take over these companies and run them accordingly - the top execs should make a Govt. top pay grade - Not the $42 million golden parachutes. This is ridiculous, and as a taxpayer, I take great offense at the fact that the Govt. will bail out "good-ol-boy" institutions and white-collar criminals while leaving "regular joes" holding the bag.

With all of the $$$ that government just threw at the banking industry, we could have overhauled the healthcare system. How many healthcare insurers are there? Major ones? If they were bankrupted by defaulted payments, would the govt have bailed them out? This is the most frustrating issue facing the "average taxpayer". To anyone who's had to pay ridiculous prices if they weren't insured, did the govt. bail you out? No? BOTH Repubs and Dems better recognize that the middle class is fed up, and this "bailout" is not acceptable. They all need to be held accountable.

So where do I sign up to unload my credit card, mortgage and car payments? What's good for the goose is good for the gander. Oh yeah, I forgot, I'm not a corportation so my fascist government doesn't look out for my interests, so I guess I'm on my own. Anyone who votes R needs his/her head examined.

The perks and profits are their private preserve; the pain and losses get foisted onto the middle class taxpayer.

Just like the Resolution Trust Corporation if you recall that long ago (I sure do).

What these boys from Goldman Sachs have done must never be forgotten or forgiven.
Throw that "free market" theology they preach but don't practice, right out with the trash, and never bring it into the house again.

News flash: the era of big government is just beginning.

Unfortunately for the Friedmanites, Bushites, and other flavors of hypocr-ites, looks as if my skinny neighbor with the funny name is about to be elected Pres. (U.S.).

Then there will be a new school of economics from Hyde Park, and it won't be called the "Chicago School".

Neal,

You have got to be kidding. There is good debt and bad debt. there is unsecured and secured. Obama and his crony congressional hacks don't get this. You should go get some stress relief at http://www.bop-o-rama.com.

All,
Yep, no bailouts for the little guy. Just the new draconian bankruptcy laws weighted in favor of the banks and credit card companies, written by the banks themselves, in a room with Tom Delay and Dicky Armey. It was all about personal responsibility.
Surprise surprise.

Which mean old capitalist republican said the following?

"You mean to tell me that the success of the economic program and my re-election hinges on the Federal Reserve and a bunch of f***ing bond traders?"

That would be Bill Clinton.

dt - Suppply economics is cutting tax rates to generate investment income which creates jobs and then generates more tax revenue. See the Laffer Curve.

Let's look at who created this mess - the sub-prime mess - and looked who pushed thru the laws and regulations to get folks that just couldn't afford to own houses. That would be groups like ACORN and Congressman like Barney Frank.

Look who was running Fannies and Freddie - Franklin Raines and James Johnson when the accounting schanaigans were taking place - they lined their pockets and now the taxpayers get fleeced. They should be looked into for fraudlent accounting stmts under SARBOX.

From 1989-2008, Obama is the 2nd highest Senator to receive contributions from Fannie and Freddie - both PAC and individuals. He has only been in the Senate for 4 of the 20 years surveyed!!!

http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html

Look at Lehman Brothers list - the dems are ranking at the top again

http://www.opensecrets.org/news/2008/09/brothers-grim-is-lehman-next.html

So much for the myth that Wall Street works hand-in-hand with the GOP.

The buyouts should come with the following caveats - no dividends on the stocks until the bailout money is paid. All bonuses to senior executives are deferred until the bailout is paid pack. There shall be no lobbyist money thru PACs, senior mgmt, not thru third parties (law firms) done by these companies until the bailout is paid. Why was Fannie and Freddie - both quasi fgov't agencies allowed to lobbied?

hey Acaridiot,

What don't I get. Banks and Insurance companies wrote loans they never should have. Bush appoints cronies to oversee these markets, but surprise, surprise, the regulators are former industry operators...HENCE NO OVERSIGHT. The pigs were feeding at the trough and no one was regulating their intake. This mess lays directly at the feet of all Reaganite sheeple who believe their should be zero government oversight of business. Trying to deflect toward Obama and congress is a Rovian ruse which shows just how shallow your truly are.

Only one schizophrenic right wing troll dares to defend the corporate well-fare that has officially defined the Shrub Administration.

Fear not patriotic Americans, this catastrophe falls squarely on the shoulders of the party of limited government.

And they will pay the ultimate price in November.

Good riddance.

"The buck stops anywhere but here" Terry, still trying to find a scapegoat for failed Republican policies. Bush is a "genius" when the economy is expanding, even if it only benefited the top 5%. Now it's Barney Frank's fault it all came tumbling down--pathetic.

The libs on here were warning of the "house of cards" economy that was fueling this great "expansion", an expansion that left the middle class with stagnant wages and staggering health-care cost. Not to worry, says Terry, it will all trickle down in time. And, at the first signs of unraveling, not to worry, says Terry, the only ones who will suffer are the boobs who didn't read the fine print and a few unsavory lenders. You've been wrong about everything, Terry, including man-man global warming. I suppose you can blame that on Clinton, though, the ultimate Republican scape-goat.

Buffett called it 5 years ago:

http://uk.reuters.com/article/newsOne/idUKCAS92670020080919

We am boiling mad that all but a very few legislators are bending over backwards to jump on board with the Bush administration's HUGE bailout of Wall Street. Let us all calmly look at it and then STOP it DEAD in its tracks.

It is NOT our or the majority of American's fault.

The government is taking our hard earned money and giving it to their wealthy Wall Street friends. The companies that failed must be left to fail. The government would force me and you to take responsibility for our actions. Now it is time for big business to feel our PAIN.

We are Americans. We are Strong and Brave. We are not Afraid. We will live through an AIG failure.

Do NOT let the administration that has lied to us about so many things give our money away.

This plan will not only reward failure and keep the leaders that failed in power, but it will also make certain that there will be NO funds available for healthcare, education, and infrastructure rebuilding for the rest of us. Remember, there are people in Houston and Galveston still hurting from Hurricane Ike.

Dundee Maples
Joan Hiraki