Public Opinion: Biggest Bailout Ever?
Reader Comments
Jump start economy & Bail Out Program
The toxic waste purchase by govt...is essential to long term goals of fiancial crisis...from the aspect, no monetary policy or regualtor license finance firm, like banks, can operate under the past expansion of fiat wealth program designed in 1935 to present time.
This fiat wealth based on credit value, not hard asset value, plus expanded paper securities without asset backing..like mortgage industry...and wall street paper hanger's just creating fiat wealth on false value of assets. Now the economey and govt. bail out is back to reality of hard asset value, true stock value to asset revenue value, commodities like oil back to actual oil production cost...no 100-wall street brokers re-saling to other fiat paper brokers driving up the value of oil prior to end-user receving its true worth, instead of fiat worth..All of the toxic paper has to be removed from banking institutions, mortgage firms, lenders, insurance companies, and then the bail out money on deposit can start under the monetary police of 21st centure..not 1935 fiat industral system...Once this toxic paper is removed by govt...Which should be purchase like 10% on its face value..allowing all of the lenders or holders in due course to right off 90% over the next five years off their earnings tax deduction....ON the mortgage front..to solve this problem,,,govt. needs to purchase all of foreclosure homes across the U.S buy all of existing mortgages from lenders or banks, at 30% their value..and allow the lenders, or banks to right off 70% of their lost loan ration over the next five years...which loan purchse by the govt...should include any pending forclosures...and enact law to stop all foreclosure for period of two years....Now, how do you handle all of this mortgage if the govt. was to follow this program...Easy...govt. mortgage arm..Fannie & Mac...just create 99-year lease option on all foreclosure homes in country...adjust the monthly least payment to represent 5.5% of equity value of home..with option to purchase the home at set value over first three years, and option to purchase again over the next five years...otherwise just least the home out and generate income...and raise the rate every three years ....same thing on mortgages and bad mortgage loans...just re-issue loan on 99-year lease with owner of homes...by not only lowering their monthly payments, but lowering their fiat dollar value of their homes to actual dollar asset value of the home according to real market prices....This will jump start the economy...and clean up the banking and wall street problems..of course you need guidelines and regulator issues in place to stop fiat greed boy's of wall street and banks to start their same game once again...Otherwise this is nothing more than adjustment or rollover from industrical fiat dollar wealth system, to govt. high technology 21st, centure new montary policy destroy the old wealth to jump start the new...consolidation of elite worldwide monetary policies and control
taxing bonuses are you crazy
Haven't you ever heard of tendering under the Constitution //// where the Government specificallly targets a group or company or the People to confiscate or tax their wealth or holdings like England confiscated our founding fathers wealth under the tendering law...This is a law an Englis tendering and creating a means to take the wealth from the people..... Only people who goes for this and fights for this avenue have no money anyway and are resentfull of anyone who has it.... so what do these people fighting for these bonuses to be taxed out will only give the Government permission to take anyones wealth...... Is this what America is coming to Socialized robotic thinkers .... for a common cause....The have nots want what???????? if every one has nothing.....The real problem is that people use their emotion instead of their intellect.....And will run to the creators of this illusion..... Be very carefulll not to give your energy away..make smart choices on the freedom and liberty and Jusice for all.... and be a creative nation not be created..disfunctional...The Gov. messed up and gave the bank the money and the brokers got paid...on a bad deal and you bail them out they get paid..... This is a set up........Wake up America....why doyou thinkSen. Dodd changedthe wording ... What commitee does he represent.. The Banking Comm. Who was his biggest donner A.I. G. Payback is a *****.
Bail Out and Government Cuts
During the Bush Administration, Senior Citizens, the Middle Class and poor folks took the brunt expense of the war. The debt that the U.S. has now incurred, is pitiful. The very one's that paid for this country and worked honestly for this country, were once again betrayed. Stay home and take care of your own people. We are the loyal people. Clean our country out and get rid of illegal immigrants. That price hike on oil, well Bush, guess that paid for your $2,000,000 home. Shame on you for robbing from your very own country.
Why should we be helping these big companies who mis-used their powers and spending. Now, we are going to bail them out some more? I am confused. They are losers robbing the American people. Why should we pay for them?
Loan Fraud
Here's what I can't reconcile - the government has spent millions of dollars prosecuting mortgage brokers, builders, home buyers, et al for "frauding" lending institutions and now it's abundantly clear the lenders didn't just know about inaccuracies -- they encouraged it.
How can you fraud a willing co-conspirator?
Why did the government spend millions prosecuting these low-tier nobodys when the corporate CEOs were running the show?
Bail out poll
I actually have a question for a poll I am conduction for my government class:
Do you believe that the bail out will drive the US economic problems into further disrepair?
Yes No or I Don't Know
The class is studying the effects of polls on public opinion and the effects of cleavages on public opinion. The project also requires that I record the gender and age of responders, so if you have a comment, please signify both.
I would really appreciate if anyone were to respond to my question. Thank you.
Surviours
Looks like the only ones to survive this mess are the ones that are already on welfare. You can't take anything away from people that have nothing.
I think these CEO's should have to forfeit their big salary's and work at min. wage and see what it's like for the average American that kept them in business up to this point.
See what it's like to stuggle to live and barely keep your head above water while trying to just have basic needs met (a home of some sort over your head, food and clothes for your children-don't even consider any designer labels). Esp. those that attempt this without credit cards.
On another Topic I never understood why those in Official Office get such high salary's to start with. I thought the definition of their "jobs" are that they are Civil "Servants". I've never seen any other type of servant getting that kind of pay. It used to be an Honor to be able to serve for the greater good of the people.
Why aren't they just paid what they earned before they took office plus a small bonus I know they work their way up from office to office but they had a chosen career before running for said office's. I'd like a "job" I only had to attend when I felt like it and got mega bucks for it.
WHOSE BAILOUT??????????
AND THE RICH KEEP GETTING RICHER !!
There will soon be no "middle class". Only the extremely rich and the extremely poor. Guess where most of us will be !
Now that the bailout has been passed.
I guess they were not listening. Obviously our voice doesn't count... Notice there is no word or news re: the big cash the Ceo's walked away with...
It would be a shocked to the goverment if noone showed up at the polls to prove a point. would they wake up and take notice...
Well everyone...You better hold on tight because it is going to be one hell of a bumpy ride!!!!
Bail out
I will not vote for anyone that supported this madness.
Wall Street Bailout
We are once again being lied to,threatened, and bullied by this administration. Why isn't the news media reporting the truth behind this Wall Street bailout plan?
They talk about how they will prevent golden parachutes. It says NOTHING about what these executives and fat cats will make in SALARY. According to Rep. Brad Sherman of California, these top managers will continue to receive million-dollar-a-month paychecks under this new bill. There is no direct ownership given to the American people for the money being handed over. Foreign banks and investors will be allowed to receive billion-dollar handouts. A large chunk of this $700 billion is going to be given directly to Chinese and Middle Eastern banks. There is NO guarantee of ever seeing that money again.
NOTHING in this "bailout" package will lower the price of the gas you have to put in our car to get to work. NOTHING in this bill will protect us from losing our home. NOTHING in this bill will give us health insurance. The number one cause of people declaring bankruptcy is because of medical bills.
"Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.
"Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.
"At the same time, investment firms were jockeying to oversee all the assets that Treasury plans to take off the books of financial institutions, a role that could earn them hundreds of millions of dollars a year in fees.
"Nobody wants to be left out of Treasury's proposal to buy up bad assets of financial institutions."
1. The bailout bill had NO enforcement provisions for the so-called oversight group that was going to monitor Wall Street's spending of the $700 billion;
2. It had NO penalties, fines or imprisonment for any executive who might steal any of the people's money;
3. It did NOTHING to force banks and lenders to rewrite people's mortgages to avoid foreclosures -- this bill would not have stopped ONE foreclosure!;
4. It had NO teeth anywhere in the entire piece of legislation, using words like "suggested" when referring to the government being paid back for the bailout;
5. Over 200 economists wrote to Congress and said this bill might actually WORSEN the "financial crisis" and cause even MORE of a meltdown.
Give us, the hard working American people, this money and watch what we'll do with it. We'll pay off our mortgages, housing crisis solved, just for starters.
