Not So Fast on the Deal, House GOP Says Make Wall Street Pay

Thank you Clinton!!!!

Thank you Clinton for the repeal of Glass-Steagall that allowed this all to happen. What a great idea, booytrap the economy and hand it off. lets give low income people the ability to buy the American dream and own a house even if they can't afford it and it will fall apart wrecking their credit and cascade the economy into oblivion. You should have stayed on Reagan's economic coat tails and cruised on by. The economy would be probably be fine now.

financial crisis

We all forget that the CBO said in 2000 there was no reason not to expect the national debt to be paid off by 2010. Then Bush and the Republicans weighed in and the debt goes up by 5 trillion dollars on irresponsible fiscal policies (the war to date is only 800 billion of the 5 trillion. They got their tax cuts, declared victory, and went home without controlling spending. Now when we need strong fiscal involvement we are already stretched to the limit. As Senator Thomas from Wyoming said about the budget deficits "Things happen". That was in 2006. So this is just some more of the "Things happen" Republican mentality.

Stop the Insanity

This "deal" is simply a way to save face. The rich and very greedy will get richer. The unqualified homeowners will keep their homes. And we all will pay.

Even today I saw mortages being advertised that required no Social Security number. That can only mean the greedy are still hooking the unqualified fish to borrow more and there is every chance they will default. Then there will need to be another bailout to save face again. The government couldn't let antone think they made a mistake giving away $700 Billion, so they will throw more of our maney into the pot.

STOP THR INSANITY NOW!!!!!!

free market

these banks have been deregulated through the years and have lobbied to run there bussiness the way they think fit with minimal interference from the government.

This is there own doing. in a free market you take risks and experience ups as well as downs based on your own decisions. these banks made the wrong choices with no input from me or any of my taxpaying brethren so in what world are we responsible for them? There is no benifit for the stockholders in this bailout plan and they are the only ones wrapped up in this that i really feel sympathy for. so, no, this bail out plan is not beneficial to us.

If someone would accept a loan and put 0 down, thaen obviously they don't have the money to pay the adjustable rate when it goes up, so it's greed and stupidity that grabs for the idea of money without considering the reality that these people will have no chance of ever paying a huge mortgage with a small income. Are they supposed to hit it big and become rich before these huge debts get called in? not bery intelligent on the banks part, i would use the word greedy.

i like the idea of giving the money back to the taxpayers, that would surely boost the economy and put money back into the banks. But obviously we don't believe individuals can handle there own money in this country, we might do something stupid like start a war.

And for the guy with no name, Barack refused the town hall meetings because they are not officially recognized debates and he is a busy senator, since McCain didn't vote on anything until this crisis since April, maybe he has the time for extra debates. The debates coming up are official and scheduled so thats why he is doing them just like every other presidential candidate in history. don't be ignorant ot your fox news propaganda, think intelligently please. don't vote on ignorance come November.

Obama Fascism

of course most liberals are heading for larger Government rule and stealing from one to give to another. So 700 billion of tax payers money is no big deal when a future of communism is their plans.

Bailout

CEO's and gas price manipulators go free with golden parachutes? Cheney goes free and rich at the end of his term starting Iraq war too gutless to get Pakistan and Bin Laden?. In God we Trust taken of our coinage by the Madeline Murray O'hair gang. Well I bet God is happy he's not holding the bag for USA anymore with the kids whose parents both have to work all latchkey on meth in Jr. HS in the new algebra American. Its not just Republicans.

There is a special place in Hell for LBJ and his Vietnam War. As I sat there at Vayama Thailand in 1973 -4 watching Ladybird Johnson's SEA-LAND Containers unload Napalm and watching A-lls and U2's unmanned with Napalm and Chinese Nationalist Insignia go off and bomb women old people and kids while my soldiers morticians 11c's went in on Joint Casualty burial missions only to never come back.

Bailout? I sold lemonade to ex-bankers working on the roads on 13th Ave NE in Seattle 1938-39 and STILL they had work and living wages from FDR.

Just as NZ Sweden Germany and France takes 50% of income in tax and provides a safety shield would rather go broke awhile again to have us come to our senses.

My grandparents after 50 years of hard work on their wheat farm lost to these swindlers in banking.

I say let the depression come. The poor and middle class won't be jumping out of windows like big bankers did. American ingenuity will be challenged and we will have people taking the bus and less greenhouse gas emissions.

Bailout? No way Cheney-Bush big oil ( "some say these oilmen are enemies, I say they are my friends" to paraphrase GWB)

"We're from the govmint and we're here to help (ourselves to your tax money)

And the banks whose constant refinance your mortgage ARM phone calls keep coming in many outsources to Delhi or Bangladesh

Jump off the building guilty ones

Liar, liar, your shirts on fire!

Go Broke? lose a few pounds. Naturally. Free enterprise depends not on corporations but ingenuity when we're tried.

We choose to go (to the moon)(JFK) or broke because it is hard.

Sign me:

If this be treason make the most of it (Patrick Henry) and been there done that got the T-shirt

boehner's plan deregulates more and doesn't help homeowners

At a time when (most people in both parties) are acknowledging that it was deregulation that caused the current financial crisis, their proposal is calling for further deregulation. While it claims to call for transparency, it does next to nothing on this issue - it would only require participating companies to disclose the mortgage assets that are ON their books. For one thing, mortgage-backed securities are only one type of derivative (the derivative market as a whole is the problem, what Warren Buffett referred to as a time bomb). For another thing, it would only require them to disclose MBSes they've sold in the past year.

Besides the issue of not charging taxpayers so much, I don't even understand how it would help homeowners - they're basically just saying that if a loan goes into default, they'd insure it/pay the bank back for it. While expensive, if the government buys subprime mortgages, they will at least have control of the houses and be able to reduce interest rates, not foreclose, help people refinance, etc.

This is consistent with Republican ideological stubbornness, but it really just amounts to further deregulation.

slowdown of the bailout plan

the complexity of the issue of how this happened to how to stop the bleeding to regulating the future to insure stability in the economy is not an easy "quick fix" answer. We cannot reward the "errant child syndrome" with taxpayer dollars and continue to a feed a monster that has no boundaries. I appreciate all deliberations on how to proceed with this bailout.however long it takes. .......... and I apprecaite that Mc Cain was willing to go up there and slow the pace a bit if in fact that is what he did............

while I do not want the economy to fail... neither do I want to enter into any more "federal controls " as Congress has not been "minding the fort" anyway..I recently listened to Sec. Nance of the treasury report that the federal regulation of the banking industry had been extremely successful..... really? fascinating opinion_.....For all the bellowing of the the Dems here........ where were you when this was heading for destruction in 2002 and 03 and 04 and 05 and 06 and 07 ........? You love the giveaways for votegetting.... but someone always has to pay the piper .. and we the american citizens and taxpayers are paying. WE want to take this opportunity to thank all in the leadership of the house and senate , the banking committees and Paulson and Bernake for your ongoing crisis management in the 11th hour of economic failure for "acting" like you can now think of a plan to rescue us.!!!! No one in Washington or Wall Street gets a free pass on this one.NADA What a travesty of leadership of this great nation.

Pelosi & Bush BILLIONAIRE bailout

The democrats have acted irresponsibly for the past 19 years (1989 - 2008) and have caused this mess. The top 15 congressmen that received payoffs (campaign contributions) from Fannie Mae and Freddy Mac which totaled $1,052,388 consisted of 9 democrats and 6 republicans. These corrupt congressmen and congresswomen were regulating these banking giants and they should be forced to resign from office and repay this graft to the taxpayers. The top 5 corrupt congressmen and congresswomen were Christopher Dodd $133,900, John Kerry $111,000, Barack Obama $105,849, Hillary Clinton $ 75,550, Paul Kanjorski $ 65,500. These top 5 grafters were all democrats that were responsible for regulating and writing legislation governing these banks. These crooks have betrayed America and owe the taxpayers an apology. I am convinced John Mccain and Sarah Palin would stop these crooks from robbing the taxpayers. Vote McCain and Palin and let's get rid of these crooks.

The Bottom Line

The bottom line is that we as tax payers have to be better informed and not so willing to except anything that is thrown at us. Here is a plan to give $700 Billion is institutions who could not control their finances in the first place. I say if we give them the "Bail Out" sanction the heck out of them and give them a short leash. I'm in favor of the insurance idea because it is not an uncapped handout it's more of a solution to get things back on track without increasing the national debt another 25% or so.