How to Punish Wall Street, Protect Main Street

Bravo Bail Out Robbery

Divide the Bail Out amongst the working people (taxpayers). Let us put the money back into the economy.

Mike A. of FL @ Oct 01, 2008 06:02:10 AM

if no bail out !, what will happens in u.s. and asia(south korea)?

i need your thought ! ..

kim chol yong @ Oct 01, 2008 05:46:09 AM

bailout smailout

Melvin of TX: bush economics is REAGONOMICS. AND REAGONOMICS TAKES OUR JOBS OUT OF THIS COUNTRY which is the ROOT CAUSE OF THIS WHOLE MESS! If you lose your JOB how are you supposed to pay your BILLS when there is NOT ANY KIND OF JOBS THAT PAY THE SAME LEFT IN OUR COUNTRY? You keep quiet for the GREEDY and say all they can work for LESS! That is UNACCEPTABLE FOR ANY AMERICAN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Doug of OH @ Oct 01, 2008 00:54:53 AM

bailout smailout

What a deal? Those of us in the nations heartland are being dragged into the ground by reckless mortgage practices primarily in California,and other high flying real estate markets! Also,by the greedy wall street tycoons and their crooked cronies most of which cover them in DC. Obama got his from Freddy/Fannie as the largest receipiant of their donations,and his former foe Hillary got the largest amount from Lehman Brothers. Now they clamor about the "wrongheaded" Bush economic practices,when they looked away while these same executives fleeced their companies,and walked away with millions. The chickens really have come home to roost,and they want us to pay for it. Admit it, the DEMS,except for the 94 who said no are only interested in politicizing this problem,to get you know who elected. Here is what we can do to fix this mess and call it the Hourani plan:

1) Do not let fear rule,and do not run on the banks or sell your assets!

2) Take any available cash and add to your portfolio positions when the market sells off. Keep some in reserve as necessary to stay at least 15% liquid.

3) If the market crashes, do not sell, take 5% of your liquidity & buy an index fund. 4) Urge your elected officials to establish a nationwide entity, such as the Resolution Trust Corp. of the 80's. This entity will be charged with developing a "green" book for real estate such that any house in the USA is valued by a common sense approach such as square footage,and replacement cost,not the insanity we have had perpetuated on us in bubble markets such as California. Reappraise all real estate with criteria add ons just like an automobile has as plusses and minuses to be able to discern the real values of these "toxic assets" everyone is now afraid of.

5) After these properties are evaluated have an nationwide auction to allow individuals or companies an opportunity to bid and purchase at the new "real value" while also providing low interest loan rates for qualified first time buyers. Afterwards, give a one time tax credit to the institution holding these assets for the differences in the amounts they still carry on their balance sheets,providing no fraud is determined by their executives.

6) Any executive who has benefited in the recent past for failed corporations shoud return assets or be held accountable.

7) Make every effort to strengthen our dollar to restore full faith and credit.

8) Make every effort to Drill domestically for our own resources,& use incentives to convert every vehicle that is possible to natural gas which we have in abundance.

9 )Establish term limits for every congressional member,and limit all campaign contributions to a defined amount,with severe penalties for influence peddling by lobbyists.

10) As citizens of this great nation, we are the luckiest people on this planet,and our countless abilities can be harnessed to solve any problems that may arise.

11) Trust in Freedoms,but never take them for granted ! May God Bless

Melvin K. Horany of TX @ Sep 30, 2008 23:56:27 PM

Opposed to Bailout

The bailout is bad economics.

Value in the economy is created by working families. If there is to be government subsidy, it should start with debt relief that will support economic fundamentals: health care debt, student loan debt and mortgage debt.

Even debt relief for credit card debtors would create more economic value in the economy as consumers redirected their incomes from debt service to goods, services and savings.

Rich people tend not to spend all of their money the way working people do . . . esp. during a recession. Trickle down economics did not work under Presidents Coolidge and Hoover. It did not work under Presidents Reagan and Bush.

M. Jewell of MT @ Sep 30, 2008 22:38:07 PM

Bailout

No 700B bailout...until the small businesses and small homeownners with bad mortages and foreclosures get some help...Line up for help and $$ according to how much is earned or not in last year...with the little guys and gals in line first....Let the Wall St. bankers help pay for all this and NOT the TAXPAYERS.........

Lillian Eaker of MO @ Sep 30, 2008 21:35:53 PM

Bailout

The bailout should be in the form of loans plus interest as was done for Chrysler in the early eighties and was successful. It would be an easier sell that way.

BOB of IN @ Sep 30, 2008 21:11:20 PM

Some pain now vs lots of pain for next 2-3 generations

I don't understand all those who are touting the bailout and how it is important for the main street. Yes, the savings and investments are down and may drop by another 20-30% if the bailout is not announced today. But, even with bailout, who in their right mind can say (with straight face) that DOW will go to 14000+ levels?

When the fundamentals of the economy are bad, there is no way out but through slow and steady changes. We all have to pay the price for our collective behavior. I also don't buy the whole Wall Street got us into this mess story! Who provided money to Wall Street in the first place? Who took out home equity lines of credit? Who bought second/third/fourth homes? Who fuelled the irrational home prices? We, the people did! So, own up!!

I want to see market take care of this mess. Let it sink as many companies as is necessary. When prices are right, market will bring in the buyers and create a healthy growth. Let's get rid of this cancerous bulge from our economy. Let DOW go to 8000 or lower.

By rescuing (I don't know whom or what we are rescuing!) the mess today, we are weakening our economic fundamentals for the next generation. The 700 billion that would otherwise go to social security, healthcare, infrastructure and education will need to paid for by taxpayers eventually. And these tax payers will not forgive our generation for putting them in hocks for our short term gains.

Do we want a short term pleasure for ourselves or a strong/healthy economy for longer term? Are we so short sighted and selfish that we are ready to sacrifice the living standards of future Americans so we can get an extra buck or two in our 401-k?

Capitalist of CA @ Sep 30, 2008 20:08:29 PM