Bailout agreement reached

Full story: Press-Telegram

Warned of a possible financial panic, key Republicans and Democrats reported agreement in principle Thursday on a $700 billion bailout of the financial industry and said they would present it to the Bush ...

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Lance Winslow

San Francisco, CA

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#1
Sep 25, 2008
 

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Are congressional Republicans prepared to delay or scuttle an agreement ?
What a spiteful, shortsighted strategy. If Bush doesn't assure that Obama is elected, perhaps congressional Republicans can.
Constitution Party

Bellflower, CA

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#2
Sep 25, 2008
 

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Apparently the tough front that Congress put up earlier this week was just for show. An agreement reached this quickly to give away $700,000,000,000? Of course it's always easy to give away money when it's not yours to begin with. This is a criminal operation being carried out before our eyes. The same money junkies carrying this out are the same bunch that created the financial mess to begin with. The transfer of wealth continues..........
hmmm

Newburyport, MA

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#3
Sep 25, 2008
 

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Nationalize the banks that fail or are about to. Prosecute the parasites that run them.
Frank Miller

Dallas, TX

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#4
Sep 25, 2008
 

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It should be interesting to see if this bailout will help anyone but the very financial leaders that caused the mess in the first place. My money is on no. I hope everyone is beginning to realize that our financial and government leaders are not concerned about the little man. If you want to keep and grow your money, you really need to start taking matters into your own hands.

Best,
Frank Miller
http://www.theoffshorebankaccount.com
Reality Bites

Greensburg, KY

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#5
Sep 25, 2008
 

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The bailout has been done against the WILL and choice of the American people. We have been sold out. Paulson has unlimited authority, and the congressional hearings were a big FARCE. This was criminal, and a dog and pony show.
Bush has emptied our coffers and given it to the RICH. First the tax cuts/rebates, then Iraq (Halliburton, Blackwater, etc.,) now the big bailout fiasco. The wealthiest in this country will be fine; the working/middle class are the ones suffering, and will foot the bills. Paulson has UNLIMITED POWER, and the Congressional Hearings are a BIG FARCE. The bailouts will happen, and once done the gov't will enforce "reforms", and under the guise of a Nat'l emergency will further disenfranchise the lower/middle classes. We are screwed if another repuke is elected. Wake the hell up, and pay attention voters! No more repukes!

McShame argued and voted against regulating the corporations/banking industry...NOW he wants change? McShame served over 25 years as a Senator...NOW he wants change? The repuke administration has been in power for 8 years..6 of those they had control of Congress.......NOW they want change? The Dem's never had a two-thirds majority.
Vote for Mc Donalds

Jonsered, Sweden

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#6
Sep 25, 2008
 

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Was looking forward to see people jumping out of high buildings, the news value of usa getting trashed would have been great and on the front page for about 4-5 days here. Thing is that when it started to go south with usa economy our intrest rates went down.... so guess what we all want over here..
resident

Russell Springs, KY

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#7
Sep 25, 2008
 

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If Wall Street is failing cause people arent paying their mortgages under a failing economy.

We the american people have to dish out 700bil from our pockets to shore up thier failed business strategies.

Well if we have to dish out 700bil from our pockets then why not split that money evenly amonst the american public and put it on our existing mortgages. If you dont already have a mortgage then you get credit for your share to be used on a future mortgage.

What would it fix? Well wouldn't these company's still get their influx of cash needed to stay solvent? The american public would get a boost giving them the ability to possibly get "AHEAD" on something for a change maybe we might be able to do something else with our cash and boost other businesses.

Duno just a thought.
LBSusan

Santa Fe Springs, CA

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#9
Sep 25, 2008
 

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resident wrote:
If Wall Street is failing cause people arent paying their mortgages under a failing economy.
We the american people have to dish out 700bil from our pockets to shore up thier failed business strategies.
Well if we have to dish out 700bil from our pockets then why not split that money evenly amonst the american public and put it on our existing mortgages. If you dont already have a mortgage then you get credit for your share to be used on a future mortgage.
What would it fix? Well wouldn't these company's still get their influx of cash needed to stay solvent? The american public would get a boost giving them the ability to possibly get "AHEAD" on something for a change maybe we might be able to do something else with our cash and boost other businesses.
Duno just a thought.
If our Senators had as much integrity as your Senator Bunting we would all be better off.
Dru

Albany, GA

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#10
Sep 25, 2008
 

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The beginning of the New World Order..
sapo verde

Versailles, KY

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#11
Sep 25, 2008
 

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If this is true, it means that McCain will have to come up with another reason not to debate tomorrow.

Since: Feb 08

Location hidden

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#12
Sep 25, 2008
 

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Please remember that again George W Bush has lied again,
He just raised your income tax more that anyone in the last 25 years.

He should be easily heard now that that pig is wearing fresh lipstick,

"Read My Lip, no new taxes"
Another lie, ant it was the last lie before it's goodbye to the Gas and Oil Party
ladeeda

Middletown, CT

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#13
Sep 25, 2008
 

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The latest news tonight the Republicans and Democrats have not agreed to anything. They are hoping by Saturday maybe. McCain did not contribute anything to the meeting just filled an empty chair.
He would do anything to get out of the Debate. Sped off in his limo would not address reporters. Obama made a short statement to reporters at the hotel he was staying at.
Juan Pardell

United States

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#14
Sep 25, 2008
 

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ladeeda wrote:
The latest news tonight the Republicans and Democrats have not agreed to anything. They are hoping by Saturday maybe. McCain did not contribute anything to the meeting just filled an empty chair.
He would do anything to get out of the Debate. Sped off in his limo would not address reporters. Obama made a short statement to reporters at the hotel he was staying at.
The Letterman/Olbermann interview was hilarious. McCain can't find time to speak with Letterman, or debate Obama, but he found enough time to sit with Katie Couric.

http://www.youtube.com/watch...
Michael Nejad

Ryde, Australia

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#16
Sep 25, 2008
 

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I can not believe it. The good old scare tactics are working again. They just stole 700 billion from American Tax Payers. How do you think they will finance this? I will tell you how...they will issue government bonds that they hope overseas investors like China will buy...however these Bonds are worthless and no country will touch them which means these debts have to be written off and absorbed by the average Mr & Mrs Joe. Meanwhile the rich bankers will cash in their now articificially propped up shares and bail out.

These guys are all about money and saving their hides. The legacy that this corrupt administration will leave behind for future american generations is horrendous.

I just dont know why this bail out is not buying actual equity in these companies. This is what you guys should insist on. You just made the wall street boys a hell of a lot richer.

Since: Sep 08

Santa Barbara, CA

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#17
Sep 25, 2008
 

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Look at Wall Street. It is already rallying. Investors like Warren Buffet are investing millions into the market to ride the Paulsen wave to the top.

I sincerely hope that everyone continues to write and call their Senate representative. We should not be bailing out Wall Street or making up the losses of people who were stupid enough to gamble with their life savings.

We should not be assisting irresponsible homeowners who used the equity in their homes to buy furniture, cars, boats, RV's or to borrow money for a down payment for another real estate transaction. I can't believe this is happening.
andet1987

United States

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#18
Sep 25, 2008
 

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Obama attended the meeting, blah, blah, blah, no substance at all, was not able to solve the impending recession. Obama is not a presidential material !!

McCain/Palin 2008 :)
Juan Pardell

United States

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#19
Sep 25, 2008
 

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USAsince1680 wrote:
Look at Wall Street. It is already rallying. Investors like Warren Buffet are investing millions into the market to ride the Paulsen wave to the top.
I sincerely hope that everyone continues to write and call their Senate representative. We should not be bailing out Wall Street or making up the losses of people who were stupid enough to gamble with their life savings.
We should not be assisting irresponsible homeowners who used the equity in their homes to buy furniture, cars, boats, RV's or to borrow money for a down payment for another real estate transaction. I can't believe this is happening.
As I stated before, I don't share in a bank's profits. Why should I pay for their losses?
No to Morons

Greensburg, KY

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Sep 25, 2008
 

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Reality Bites wrote:
The bailout has been done against the WILL and choice of the American people. We have been sold out. Paulson has unlimited authority, and the congressional hearings were a big FARCE. This was criminal, and a dog and pony show.
Bush has emptied our coffers and given it to the RICH. First the tax cuts/rebates, then Iraq (Halliburton, Blackwater, etc.,) now the big bailout fiasco. The wealthiest in this country will be fine; the working/middle class are the ones suffering, and will foot the bills. Paulson has UNLIMITED POWER, and the Congressional Hearings are a BIG FARCE. The bailouts will happen, and once done the gov't will enforce "reforms", and under the guise of a Nat'l emergency will further disenfranchise the lower/middle classes. We are screwed if another repuke is elected. Wake the hell up, and pay attention voters! No more repukes!
McShame argued and voted against regulating the corporations/banking industry...NOW he wants change? McShame served over 25 years as a Senator...NOW he wants change? The repuke administration has been in power for 8 years..6 of those they had control of Congress.......NOW they want change? The Dem's never had a two-thirds majority.
Yes, it is a travesty. Bush created a crisis prior to leaving office as predicted. There will be more laws, and bigger hits to the middle class. I resent the word "agreement". We didn't agree to anything. The fascist administration has done what they set out to do. There was no choice given and it was a done deal.
Juan Pardell

United States

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#21
Sep 25, 2008
 

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No to Morons wrote:
<quoted text>
Yes, it is a travesty. Bush created a crisis prior to leaving office as predicted. There will be more laws, and bigger hits to the middle class. I resent the word "agreement". We didn't agree to anything. The fascist administration has done what they set out to do. There was no choice given and it was a done deal.
Bush has strategically ruined this country. He and Dick Cheney are the two most criminal and unpatriotic Americans to ever serve this country.
LBDrew

Santa Fe Springs, CA

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#22
Sep 25, 2008
 

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Obviously your news is NOT up to date. As of 5:00 today the deal is breaking apart. Why can'
t the local paper be any good?

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