Fed, central banks, bonuses, cram-dow...

Fed, central banks, bonuses, cram-down, executive pay, taxpayer...

There are 8 comments on the Newsday story from Sep 22, 2008, titled Fed, central banks, bonuses, cram-down, executive pay, taxpayer.... In it, Newsday reports that:

Judges could rewrite mortgages to lower bankrupt homeowners' monthly payments as part of congressional Democrats' proposal for a $700 billion financial system bailout.

Join the discussion below, or Read more at Newsday.

lmao

Safety Harbor, FL

#1 Sep 22, 2008
the dem ticket should have been dodd/biden
this will never get passed, too many stipulations for wallstreets liking. Buckle your seatbelts we are in for a ride this week.
NYStateOfMind

Ridgewood, NY

#2 Sep 22, 2008
lmao wrote:
the dem ticket should have been dodd/biden
this will never get passed, too many stipulations for wallstreets liking. Buckle your seatbelts we are in for a ride this week.
If this is confined for two years as reported, then the sell will most likely be palatable...
Tired Old Man

AOL

#3 Sep 22, 2008
Congress has lost their minds. Taking every person who by greed, mismanagement or stupidity is loosing thier house and making them a ward of the state, complete with a failure is not an option gaurentee. Why would anyone ever make another mortgage payment the government will lower your rate just stop paying and waitfor the bailout.
John - Willy Park

Holtsville, NY

#4 Sep 22, 2008
Question for:

Treasury Secretary Henry Paulson
Federal Reserve Chairman Ben Bernanke
Rep. Barney Frank, chairman of the House Financial Services
Sen. Chris Dodd, D-Conn., the Banking Committee chairman

What the hell do you geniuses get paid to do? Not one of you saw this coming? Mr Paulsen, about a week ago you were telling the country that economy was fundamentally sound . Oh yeah, I have absolute confidence that you financial whiz kids will fix this problem. Man oh man are we in trouble!
Pelosi Schmelosi

Tempe, AZ

#5 Sep 22, 2008
The truth is that the longer it takes for this plan to be implemented, the longer the lobbyists and special interests have to get the ear of politicians on both sides of the aisle.

"The private sector got us into this mess," Frank said, "The government has to get us out of it. We do want to do it carefully."

Who is he kidding?? Frank must have a case of amnesia.
tom

United States

#6 Sep 22, 2008
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shown, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

Such was the FOUNDATION of the UNITED STATES.(keyword: was)

We have rights, given by God.(keyword: have)

The government derives it's power from US, to PROTECT those rights.(keywords: power FROM, to PROTECT)

It's understood that men will suffer much rather than change.(the administration fully understands THIS part)

They understand and will do all in their power to protect the government of the United States.

NOT the people; the government. That structure of power,(and influence), that has through it's actions and inactions, led the country to this point.

They know we will do nothing.
They know that the few voices raised in opposition to their actions will be,(and CAN be ),ignored.
HIstory has shown them this is fact.

The 'rights' of the people are gone.

The 'voice of the people' has been silenced.

'America' is no more........

You will argue as to 'who's at fault'.

Democrats will blame Republicans.
Republicans will blame Democrats.

YOU gave them the power. You let them keep the power.

YOU, my fellow Americans, yes YOu, and ONLY you, are responsible.
Joe

Montague, NJ

#7 Sep 23, 2008
Tick tock, the US government is going to be the largest sub-prime borrower of the world.

The government is going to take a real loss in every deals. There is just no way enough tax receipts, thanks to the complete decimation of the "middle class" for the last 10 years, for the government to pay for all of these.

Look out for the next fire sales of everything the government has.
Pippy

London, UK

#8 Mar 26, 2014
This is the first time I had ever applied for a loan. I couldn't have asked for anything more from the staff that answered any of my questions to the application process. Once this had all been completed the money was transferred quickly into my account. I will definitely be recommending 911PDAY .COM ( http://goo.gl/44kQUQ ) too my friends and family.

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