Wrangling over bailout
Join the discussion below, or Read more at Pasadena Star-News.
#1 Sep 23, 2008
We know what's best, now just hand over your money and go away.
#2 Sep 23, 2008
Why are we bailing these companies out? this is could out of the pockets of the middle and low class. Most of these firms pay there CEO top Dollar and they can run the company right? I say FIRE The CEO'S if they can't do the job!
Another GW B.S. to help the rich stay rich!
#3 Sep 23, 2008
Greedy Democrats do need to be kept in Check... with Regulation and Oversight...
Give away the farm, it will no longer be a farm....
Yes, once again Bush has to come to the rescue for the failures of the Democrats.
Had the Democrats simply tightened oversight of Freddie and Fannie, this bailout would have not been necessary.
Starting in 2005 Republicans had called for oversight and tighter regulations on Freddie and Fannie, but the Democrats shot it down.
NEW YORK – Campaign contributions from Fannie Mae and Freddie Mac made to Barack Obama may backfire if the Democratic presidential hopeful wages an aggressive campaign to cast blame on rival John McCain and the Republicans in Congress for the mortgage-related losses that forced the U.S. Treasury to take over the quasi-governmental mortgage giants.
A review of Federal Election Commission records back to 1989 reveals Obama in his three complete years in the Senate is the second largest recipient of Freddie Mac and Fannie Mae campaign contributions, behind only Sen. Christopher Dodd, D-Conn., the powerful chairman of the Senate banking committee. Dodd was first elected to the Senate in 1980.
Democrat Franklin Raines and two other top Democrat Fannie Mae executives are paying a total of nearly $31.4 million in a settlement with the government over their roles in a 2004 accounting scandal... The civil charges accuse three former top executives "Obama Supporters" and a Liberal VP Jim Johnson pick of manipulating Fannie Mae’s books to fatten their bonuses.
Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation.
Barney Frank is the Chairman of the House Financial Services Committee, Barney "sits at the center of power".
The Poison of "No Oversight" and the Take and Keep of Liberalism
#4 Sep 23, 2008
OBAMA! its BUSH who is bail them out! Dumbazz!
#5 Sep 23, 2008
That's because the Clinton Administration and Pelosi following idiots in Congress IGNORED the requests to provide the necessary oversight...
Yeah, we need a Liberal President again like we need a hole in our heads.
#6 Sep 23, 2008
These hard core wingnut types have their knickers all in a twist, because now that Bush has been revealed to be a secret Communist, all of their simple minded little world of talkshow sound bites has been turned upside down.
#7 Sep 23, 2008
They should bail out the schools and show the firms TOUGH LOVE.
#8 Sep 23, 2008
I think Florida is a McBush campaign flunky, this is part of the incompetent internet strategy they have. I'm on one of the distribution lists and this looks almost exactly like the shot gun e-mail they sent out. I'm shocked? These idiots on CNBC is far more interesting, the more they talk the more the market tanks.
Comrade Cox is now defending his incredibly stupid short sales ban. This is so stupid that it actually freezes up liquidity, by preventing the setting of prices for stocks and bonds. These guys are indeed Communist's. Chris Cox clearly hate free markets, only rigged markets are good.
#9 Sep 23, 2008
Dino Dino Dino, get over it! this is a BUSH screw up! He spent Billions of Dollars on the Iraq War, did nothing to help this country(oh I forgot about the $300 rebate! it bought me 2 tanks of gas)!
Maybe it is time for a change? You Repukes want to blame everything on the Democrates, but they have only incharge for 2 year or so. before that it was your party! You know the ones that cater to the wealth, give them all the TAX BREAKS, bail there azz out when they get in trouble!
When Clinton was in office we never had any bail outs(I know you'll say yes we did) in fact this country was strong, respected, and a leader in the world, and what are we now? disrespected, hated and willing to go to war with anyone!
Palin said the other day that they would be willing to go to war with Russia, just what we need another WAR HUNGRY REPUKE IN OFFICE~
#10 Sep 23, 2008
Interesting Washington Post story on the origins of this mess.
#11 Sep 23, 2008
YEAH RIGHT - The war in Iraq is chump-change compared to this...
#12 Sep 23, 2008
Dino, Dino, Dino, two trillion dollars in present and future costs for a financed and borrowed useless and ineffective war is not chump change. You said you think you may need some vaseline as a taxpayer for the bailout of Wall Street, this should require some, too. Look at facts. Then apply sound conservative principles. Don't hide from facts and use cliche's.
These people have never been conservatives. They have, however, always been fairly incompetent thieves.
#13 Sep 23, 2008
anyone who votes for an incumbant from either party is brain dead.
#14 Sep 23, 2008
That Chump-Change as you put it could have been used in this country, for education, small business(opps I just said a dirty word! Small Busines) or creating job for those who don't have one.....But its just CHUMP-CHANGE right!
#15 Sep 24, 2008
Ok, so you're bashing the current administration over the war in Iraq, I understand that. But, this $700-Billion bail-out created by the previous administration is ok...
I see what you're saying. As long as the screw up came from the left, its ok. But, if it came from the right, beat on the right...
#16 Sep 24, 2008
Dino how can you blame this on the Clinton Administration? that was 8 years ago!
8year ago the stock market was doing great, people had money in there pockets and no one was loosing there homes. All of this started with Bush second term as President. People are upset over the war, they feel the Goverment does listen to them and alot of BIG BUSINESS are ripping them off!
This bail out is all on Bush and no one else! Futhermore, the Greed of the CEO's is what caused most of this, thats why the FBI is investaging them.
#17 Sep 24, 2008
Get a life and get a clue, like even George Will has. Bush and Newt Gingrich and Alan Greenspan and the deregulation cleptocracy are responsible for letting these thieves run loose.
I heard what Fox (Faux) News said, it is bullshit! They have never been conservatives they have alway been thieves.
#18 Sep 24, 2008
#1. Watch this video about the next banks to fail
#2. Go to www.thestreet.com
Go to "Portfolio and Tools" in the tool bar
Scroll down to "Banks and Thifts Screener"
Go to "Find a Bank" box and fill in your bank info.
See it's ranking: A-F
The CEOs of Lehman Brothers and AIG are criminals, much like the CEOs of Enron.
If Martha Stewart can be imprisoned on mere suspicion of insider trading....these men deserve LIFE SENTENCES for what they knew (and hid) from the American people.
Derivatives are a form of speculation (gambling) on how a stock will perform; much like betting on a horse race. They knew the risks involved when they placed their bets.
Every penny we're being asked to pay to right their erroneous judgements (plural), should be repaid to the American people by liquidating both their personal and business assets in the U.S. and abroad.
These companies have been privatizing PROFIT for years....and socializing their losses. They see money going in one direction only: theirs. They've set up the game so they always win and they have continued to engage in risky behavior despite the possibility that it would destroy our economy.
These are the very same people who thought it amusing to watch people getting kicked out of their homes after a predatory lending scandal THEY devised. They've come up with the BRILLIANT idea that they'll hold on to foreclosed homes until the market improves, and then sell them at a terrific PROFIT, while setting up areas for people to live out of their CARS!
So, I say...let them take their lumps! They've been caught red-handed BILKING the American people out of a minimum of 7 trillion dollars. That sounds like jail time to me.
I REFUSE to accept that we HAVE TO bail them out of their "horse bets." And, I for one, will be speaking loud and clear with my vote in this next election, carefully watching how my representatives are handling themselves.
#19 Sep 24, 2008
Dino is in obvious denial about the root cause of this problem: DEREGULATION by the Republican Party under two BUSH regimes.
It is the REPUBLICAN PARTY that has pushed for deregulation so particular business can thrive at the expense of the majority. And there are videos online that prove that McCain pushed for this very type of deregulation causing our current woes.
The Good New is that this couldn't have come at a better time; right before an election. It is so evident that the "economy isn't sound" and we need CHANGE.
I don't know about the rest of you, but just looking at Bernanke's poker face makes the hair stand up on the back of my head. His disdain for the American people written all over his face.
#20 Sep 24, 2008
It's people like you that Comrade Bush should lock up. Those of you who still beilieve in petty bourgeous "democracy" and competitive captitalism! Ha Ha Ha! You people who oppose Socialism for the Rich will be crushed, by Comrade Bush's great revolutionary movement.
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