8 In 10 Fear Financial Fallout, Poll ...

8 In 10 Fear Financial Fallout, Poll Finds

There are 86 comments on the NBC 5 Chicago story from Oct 2, 2008, titled 8 In 10 Fear Financial Fallout, Poll Finds. In it, NBC 5 Chicago reports that:

A new poll suggests Americans are worrying whether their jobs, home values, children's futures and retirement plans are at risk because of the financial fallout.

Join the discussion below, or Read more at NBC 5 Chicago.

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TOM SLICK

Chicago, IL

#1 Oct 2, 2008
That's what I love about living in america. GREED AND CORRUPTION with no accountability and no jail time for those doing the ripping off even if it's illegal. You wonder why so many people want to live in this country?
chitown lady

Chicago, IL

#2 Oct 2, 2008
Seems like middle class are yet screwed again.......Why should we care about overseas markets? Because they own most of the US thanks to these same aholes who caused this problem in the first place. These fats cats are still allowed to WALK away with thier huge paydays, while we sit here not knowing which way is up. I am ashamed of all these so called elected officals for yet again SELLING OUT THE MIDDLE CLASS....Why wasn't something written in to help us out ??????? I have already lost my job due to these damn lenders. Wasn't my fault. 20% of foreclosers were given to people who only had a green card....Guess what, they couldn't afford the house Bush wanted them to have and got the heck outa dodge....Boom...How is it that a green card got you a mortgage? I have seen loans with 4 people on it all with GREEN CARDS only........This is what lenders did. And now we sit.....I sit jobless...trying to make my own mortgage payments, I for one am sick of all your backstabbing elected officals saying one thing to get elected and screwing us all over after you are.... Your all twofaced. Live with your own failures you caused the American people. Sleep well at night knowing people once middle class are now in sinking to poverty..Do you care???? NOPE! You just continue to sit there yelling "WHATS IN IT FOR ME"? You should all be ashamed of yourselves for what YOU let happen on your watch. One more sad rality, just how much money have all you elecdted officials made on this whole mess? Care to tell us........You all make me sick....Am I proud of America today???????? No I am not......Look what you, Washington have done to us.....Live with that....
Chuck

United States

#3 Oct 2, 2008
I think this "bailout" is simply another way for big business to continue with fat profit. The average American will suffer in the short and long term over this. The lending institutions and general public have been completely irresponsible in the way they lent and borrowed money. People continued to upgrade the homes not looking ahead to see if they can afford the mortgage payment 2 or three years down the line. The lenders were too eager to give out LARGE loans to people who would not be able to pay the mortgage once the rates went back up.
Chuck

United States

#4 Oct 2, 2008
TOM SLICK wrote:
That's what I love about living in america. GREED AND CORRUPTION with no accountability and no jail time for those doing the ripping off even if it's illegal. You wonder why so many people want to live in this country?
100% agreed. we, the middle class, working, bill paying americans will get the short end of the stick YET AGAIN
chitown lady

Chicago, IL

#5 Oct 2, 2008
Chuck wrote:
I think this "bailout" is simply another way for big business to continue with fat profit. The average American will suffer in the short and long term over this. The lending institutions and general public have been completely irresponsible in the way they lent and borrowed money. People continued to upgrade the homes not looking ahead to see if they can afford the mortgage payment 2 or three years down the line. The lenders were too eager to give out LARGE loans to people who would not be able to pay the mortgage once the rates went back up.
Its all too sad......They screw us all over and get a bailout??? WHERE IS OUR BAILOUT??????? Do you really think this os going to work? Without somekind of bailout for the general Americans . this will fail. People are still outa work etc....NOT able to make mortgage payments, credit card payments, going to hell in a hand basket...WE NEED A BAILOUT........And NO! Most of us didn't create our problems....YOU, our government did........WE NEED HELP....And borrowing more money isn't gonna help us.....Be prepared for more foreclosers and people going completely under. Its not over...This is not over..Your owning kidding yourselves into thinking it is or will be.
chitown lady

Chicago, IL

#6 Oct 2, 2008
Chuck wrote:
<quoted text>
100% agreed. we, the middle class, working, bill paying americans will get the short end of the stick YET AGAIN
Chuck, we the middle class are sinking fast my dear...Unless there is somekimd of bailout for us, there will be NO middle class......We will be low class ...Simple and true..
Ben Dover

Sugar Grove, IL

#7 Oct 2, 2008
From "Bail Out" to "Rescue Plan" to PORK SPENDING....This bill has Ear Marks that will make your hair stand up. Don't bother calling your Representatives, you either be put on hold for 2 hours just so you can be hung up on. Purely TAXATION WITHOUT REPRESENTATION!!!
Chuck

United States

#8 Oct 2, 2008
chitown lady wrote:
<quoted text>
Chuck, we the middle class are sinking fast my dear...Unless there is somekimd of bailout for us, there will be NO middle class......We will be low class ...Simple and true..
Do you really think this "bailout" is going to help us, the middle class? absolutley NOT. This will only keep the CEO's of the failed financial companies in GREAT shape. And we as you said will become the Lower class because we will have to pay for thier mistakes.
Chuck

United States

#9 Oct 2, 2008
chitown lady wrote:
<quoted text>
Its all too sad......They screw us all over and get a bailout??? WHERE IS OUR BAILOUT??????? Do you really think this os going to work? Without somekind of bailout for the general Americans . this will fail. People are still outa work etc....NOT able to make mortgage payments, credit card payments, going to **** in a hand basket...WE NEED A BAILOUT........And NO! Most of us didn't create our problems....YOU, our government did........WE NEED HELP....And borrowing more money isn't gonna help us.....Be prepared for more foreclosers and people going completely under. Its not over...This is not over..Your owning kidding yourselves into thinking it is or will be.
how can you blame the government for people borrowing well over thier heads. when I signed my mortgage papers I looked in the future to make sure i can afford the payments down the line not just NOW. It is not Washingtons fault alone. Yes they should have had regulations to prevent this from ever getting to this point. as interest rates went down home prices went up, and now when the ARM matures people cant afford it. thats Washington's fault, I THINK NOT. and by no means am I defending them. they did nothing to prevent the problem and neither did anyone else.
TOM SLICK

Chicago, IL

#10 Oct 2, 2008
Chuck wrote:
<quoted text>
100% agreed. we, the middle class, working, bill paying americans will get the short end of the stick YET AGAIN
Chuck, we have worked to damn hard to get to the middle class status, and my family started out poor. I'm going down fighting because I refuse to live poor again. Starting over is not an option, nor giving up the home. Instead of the poor robbing banks, they soon will see the middle class robbing banks. Washington and wallstreet has always been crooks and selling out the country. The only good politician is a DEAD ONE.
Scott333

Glenolden, PA

#11 Oct 2, 2008
This is exactly why I don't vote anymore. Have'nt in years. Like Chitown lady said. They say one thing to get elected then do exactly the opposite. And its always something that hurts the public. These people are elected to represant the American people and all they do is screw us. Look out for yourself. Plain and simple. Close to a trillion for a war and now 3/4 of a trillion for a bailout. This all in a time when MOST, MOST of the U.S. citizens are hurting really bad. Just F-ing unreal when you think about it... And you bet nobody will be held accountable for all this B.S>...
sjm

Mundelein, IL

#12 Oct 2, 2008
In the Chicago Sun Times today 10/02/08 This Idiot obasama is quoted as saying, "Obasama has made it clear that he would try to ROLL-BACK Bush's Tax cuts" Inother words he is saying he is going to try to RAISE TAX'S to a higher level so we can pay more to support the people who don't work so they can afford to have MO MONEY for DRUGS and FREE HOUSING and lining the dumbocrats pockets again. UNFKN belevable. Hope for everyones sake this PRK won't get elected.
Chuck

United States

#13 Oct 2, 2008
TOM SLICK wrote:
<quoted text>Chuck, we have worked to damn hard to get to the middle class status, and my family started out poor. I'm going down fighting because I refuse to live poor again. Starting over is not an option, nor giving up the home. Instead of the poor robbing banks, they soon will see the middle class robbing banks. Washington and wallstreet has always been crooks and selling out the country. The only good politician is a DEAD ONE.
RIGHT ON..........
BottomLine

Indianapolis, IN

#14 Oct 2, 2008
These "sweeteners" the boys at the top are offering remind me of a child molester tempting a child with
more candy. Sorry about the metaphor, I didn't mean to compliment the politicians.
You got feel sorry for politicians; their corporate owners whom got them elected are demanding they support the bailout, and on the other hand, their constituents are mad as hell for supporting it. It does serve
to show whom really controls this country - certainly not the American people.
As I understand it, the sweeteners will cost us an additional 1.5 billion and I suspect, in the end, we will be paying a lot more - forget that sweet mythology about bad loans redeeming themselves, we're still waiting for that sweet Iraq oil to pay for the war.
eek

Woodridge, IL

#15 Oct 2, 2008
You can still email them. Tell them to consider the DeFazio/Kaptur NO BAILOUT ACT. They might be more receptive since they are all up for reelection. Take a good look at the senators who voted for it. They do think, when their term is up in 2 or 4 years, that people will have forgotten how they voted. Be very leary about the US Chamber of commerce. If as stated, more people are now in favor of this bill, that means that the fearmongering helped. Please consider very carefully for whom you are going to vote. Now that it is a %850 billion package, where are they going to get the money from. Borrow more from China? Listen to both presidential candidates, they talk one way and act another. Both proved last night that K and Wall Streets have more influence on them than Main Street, Politness prevents me from using the words I would like to to describe these two yahoos. But I can tell you I will vote for neither of them.
Ben Dover wrote:
From "Bail Out" to "Rescue Plan" to PORK SPENDING....This bill has Ear Marks that will make your hair stand up. Don't bother calling your Representatives, you either be put on hold for 2 hours just so you can be hung up on. Purely TAXATION WITHOUT REPRESENTATION!!!
Ben Dover

Sugar Grove, IL

#16 Oct 2, 2008
eek wrote:
You can still email them. Tell them to consider the DeFazio/Kaptur NO BAILOUT ACT. They might be more receptive since they are all up for reelection. Take a good look at the senators who voted for it. They do think, when their term is up in 2 or 4 years, that people will have forgotten how they voted. Be very leary about the US Chamber of commerce. If as stated, more people are now in favor of this bill, that means that the fearmongering helped. Please consider very carefully for whom you are going to vote. Now that it is a %850 billion package, where are they going to get the money from. Borrow more from China? Listen to both presidential candidates, they talk one way and act another. Both proved last night that K and Wall Streets have more influence on them than Main Street, Politness prevents me from using the words I would like to to describe these two yahoos. But I can tell you I will vote for neither of them.
<quoted text>
Unfortunately, I have no interest in voting for either candidate as well....When both candidates agree on
something of this magnitude, you know the people are being royally screwed.
My wife and I aren't rich, but we do work hard, and only want the best for our son(10 months old)...Now we wonder what type of country he will inherit...It's been a shity morning for many people.
eek

Woodridge, IL

#17 Oct 2, 2008
Chuck, not everybody is as astute about financial matters as you are. And I do blame Washington. It was President Carter who started it in the 70's. The rules were changed under his leadership. It has gotten progresively worse since then. When banks refused to extend credit, Acorn brought numerous lawsuits against them. Don't forget Obama worked with Acorn. Beware of a wolf in sheeps clothing.
Astonished

Los Angeles, CA

#18 Oct 2, 2008
Well, when the middle class gets so scre*wed that we can't pay our own taxes, then this country will fail. Period. Unless, we as taxpayers do something very drastic, like say a taxpay strike(?) to get our message across. Unfortunately, those who were elected to represent us have decided we don't count, and only lobbyists, other countries, and the oil rich do. None of those can support this country because only the middle class pays any taxes. So once the middle class is gone, so goes the country. I just wish it hadn't happened during my lifetime.
TOM SLICK

Chicago, IL

#19 Oct 2, 2008
Ben Dover wrote:
<quoted text>
Unfortunately, I have no interest in voting for either candidate as well....When both candidates agree on
something of this magnitude, you know the people are being royally screwed.
My wife and I aren't rich, but we do work hard, and only want the best for our son(10 months old)...Now we wonder what type of country he will inherit...It's been a shity morning for many people.
I hate to tell you that his inheritance will be gone. China will own the country. I still can't believe bush borrowed money from CHINA, of all places to fund his Iraq war for oil. We can thank the republicans for letting this happen on their watch. Bill Maur has been showing other countries that you could live in if McCain becomes president. I suggest you watch, because I've already made plans to move to Jamaica with the soon to be wife. For $100 U.S. you get $7,500 j'sand the weather is beautiful.
Laurie

Elkhart, IN

#20 Oct 2, 2008
No one explains why they come up with this amount of $700 billion. Tell me how that is going to do any good when there were millions of people who bought millions of homes with this imaginative financing of the past few years; then throw in a conservative average of $500k per mortgage(mind you, no money down, no proof of income required; the only requirement was to show 2 months of payments in a bank account; who cares if you could not sustain future payments!!!! etc...). It sure makes me feel good to know that in addition to paying for Iraq( who, don't forget, will have an oil profit in excess of $79billion this year alone)I will be paying for these worthless mortgages that everyone is calling "assets" and it will be wonderful because now everyone will be able to get loans again and stay in debt! Isn't that great!!!!!!!!!!

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