Analysis: Washington's Trillion Dollar Wall Street Bailout

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TechBustSurvivor of CA @ Sep 30, 2008 23:33:07 PM

No for Bailout!! Not fair for taxpayers

Please please please vote "No" for Bailout! It's not fair us "the taxpayers!" When those large banks (e.g. Lehman Brothers, Merrill, Wachovia, etc.) made billions and billions of profits in the past decades, did they share their profits with us, the taxpayers?

Now these big institutions having liquidity problems, they want us (the taxpayers, and future taxpyers) to pay off their debts? NOT FAIR!!!

THAT'S NOT FAIR FOR TAXPAYERS!!!

PLEASE PLEASE vote "NO" for Bailout!!

Mark

Mark of NJ @ Sep 30, 2008 22:10:15 PM

Bailout

I am strongly against bailing out the fat cats that thru their greed has put us in the position we are in. I believe a much smarter idea is as follows:

Give every working American $1,000,000.00. Each person would be required thru an advisor of the government to either pay off their existing mortgage, or if they did not own a home they would be required to by a home for cash. For the people that have a larger mortgage than 1,000,000.00 they would be required to pay down their mortgage and gain a new more favorable loan for the balance owed. This plan would allow the housing industry to get its legs back and it would solve the problem of the growing list of inventory of homes in the US. This would also free up a considerable amount of spendable income as many Americans would not be tied down with astronomical mortgage payments. Think of what all that extra spendable cash would do for our fledgling economy. Many people after buying or paying off homes would have money left for savings, health care etc. This whole proposal would cost no more than 250 million dollars as opposed to the 700 billion dollars that congress is talking about. I know it sounds crazy but the more I think about it and run it by friends and family I really believe it could work. Thanks for reading and I hope you will share this with your fellow congressmen.Please let me know what you think. Thank You

Al Caiglia of NV @ Sep 27, 2008 20:11:57 PM

Bail out

Wouldn't it help if these mortgage companies were forced to lower the interest rates in these bad loans they gave, so these people in forclosure could pay their mortgages instead of bailing out these billionare CEO's Maybe taxpayers wouldn't have to take this burden on.

of PA @ Sep 27, 2008 16:56:34 PM

Republican Proposal to Privatize Social Security

Thank God that the Republican proposal to put Social Security in the hands of Wall Street did not come to pass!!! It would have been a disaster of monumental proportions!!!

Viswakaram of LA @ Sep 26, 2008 18:39:24 PM

Wall Street Bailout

Just two questions for every reader to consider: Where did the government's near 2.7 trillion dollar annual budget go, and why are we the taxpayers (some of which are in economic distress already) paying to bail out major insurance companies when the CEOs of those companies have salaries that exceed 6 figures.

Future taxpayer of MA @ Sep 26, 2008 15:35:20 PM

Define a " toxic bank asset"

I would like to know what a "toxic bank Debt" or a "troubled mortgage" is. Who will determine these assets and how will they do it? Will it be restricted to just subprime mortgages or will it be broader?

Bob Loblaw of ME @ Sep 25, 2008 15:16:40 PM

Bailout not the solution!!!!!

The vote should go to the people, the government should not be able to make this themselves, period! If the markets fail, it will self correct after time. The dollar is worthless, we need to give it the chance to realign, in other words America should not run on credit.

Tiberius of TX @ Sep 24, 2008 21:05:34 PM