How to Punish Wall Street, Protect Main Street

{{Bailout should be borrom up, not top down

The current bailout solution is a variation of 'trickle down' economics, the theory being that if you clump the money up at the top of the economic ladder it will eventually trickle down to the rest of us. This failed theory has resulted in the widest wealth gap in U.S. history. And investment banks only lend money to, at best, large corporations...If you have to commit funds to a bailout, why not commit them where they will do the most good. Make the money available to commercial and neighborhood banks as an 'emergency' fund available through the 'Fed window' where banks can borrow money, and make the rate half that of the fed window rate. ............}}

The type of plan I could support.

Ol' Whip of @ Sep 30, 2008 17:13:14 PM

bailout

the only bailout that will work is one where the lawyes can't get past the safe guards put there to prevent this happing agin.

willardebarlow of GA @ Sep 30, 2008 17:06:25 PM

A rescue plan needs to be done but not without corporate reform

It is obvious that we need to address the financial mess that greedy american capitalism has gotten us into. We can not just let a total financial meltdown occur because it will affect the average american citizen on a much greater scale than the overpaid super wealthy. They will have plenty of money available to after a meltdown to take advantage of the low prices but the average american investor (particulalry those nearing or in retirement) will be hurting the most because they 1. Are in or entering the distribution phase. 2.Most will not feel comfortable to begin investing again until "the skies are blue and things look all smooth sailing again" and by that time they will have missed out on most of the growth. (hmmm sounds like most every other stock market correction)

In order for any type of true rescue plan (hate term bailout) to work, we need to limit Executive pay packages in all forms bonuses, salaries, options etc for any "publiclly traded" company! If they want to threaten going oversees and lossing jobs, then let them make the threat but then delist them. And if we can get other exchanges to do the same then we can have our own type of salary cap to uses a pro sports term.

I love this country but we are destroying any confidence that maybe left.

Rich Morrow of NJ @ Sep 30, 2008 16:49:29 PM

What is there to think about ?

Why are our "leaders" trying to think about a second bailout ? The media cannot, and will not admit that the first bailout failed because some PATRIOTS stood up and made them stop the madness. Does the greed of the few outweigh the needs of the many ? Apparently not, the media can call it anything it wants to but the needs of the PEOPLE were expressed in the vote result. What happened ? The media and the Wall Street Banksters could not believe that the "people" could stop this ? So they have to try again, maybe they will put in a bunch of idle promises and try to rush it through at the last minute to avoid public comment and review. This is not over yet.

Trickle down economics has never worked, want an example, here is one: CEO compensation $30M, average employee compensation $30K. Simple isnt it ?

The sad fact is that the average salary of the American worker has not increased at a pace which matches the rate of inflation (or has been "inflation indexed" or "inflation adjusted". The CEO's have far exceeded the inflationary indexes and this is why there is so much excess in their world.

The bailout will enable banks to keep lending - LENDING, that means earn money off the free money they will get from this bailout, that means HIGHER TAXES for us and the banks get INTEREST on our own money !!! Which they will then lend to this generation, and the next, and the next; all said and done this is a TAX ON SOCIETY, in which we will be taxed 3 TIMES, once for regular income, once again in the form of interest payments, and once again in the form of HIGHER PRICES which will manifest themselves in the form of inflation (depreciated dollar = higher prices).

Wake up America, the people here complaining that we need a bailout bill are those who want to loan you your own money, and charge you for it !

Aware of FL @ Sep 30, 2008 16:28:04 PM

The argument isn't over!

We'd be better off in the long run with a resession than this bad bailout bill. I'm against any bailout, Wall Street, so called home owners, General Moters, Ford etc. Whats so bad about renting anyway? or driving a used car, or even putting off college for a few years?

Jim T of MA @ Sep 30, 2008 14:17:26 PM

Do NOT NEED BAILOUT TODAY!

Stock market is up almost 400 points!!!!!!!!!!

Doug of OH @ Sep 30, 2008 14:16:49 PM

Bailout Roberry?!!?

Bad math dude. Do you work on Wall St??

700,000,000,000 / 300,000,000 people = $2,333 each.

Not that I want to sign my family up for another $11k in debt for the Gov't, but you should do better math.

Tom of FL @ Sep 30, 2008 14:00:24 PM

Bailout?

I keep reading that we should expect to get most of this money back if we bail them out.Most of it?I want ALL of it and then some back!!!!Who the hell do you think you're kidding?

of FL @ Sep 30, 2008 13:41:49 PM