It's a bail out, helloooooo! Do it now and start fixing it immediately afterward. There is no time now for lolligagging. We are going to have a major worldwide crisis on our hands if something isn't done now. Legislation can always be amended, where are the brains in these people? How about making the corporations pay back the taxpayers by renegotiating mortgages and reducing their debts over time after stabalization, and in the meantime implementing stricter oversight? The problem is too complex to try to solve it immediately. It's just that something needs to be done NOW!
twostandingwomen
of WI
@
Sep 26, 2008 13:46:44 PM
now there are reports of it falling apart due to backlash by the GOP. classic.
i am glad that the GOP is still hanging onto the deregulation principles in the face of a complete disaster. at this point it seems like we should just let it go and see if we can't finally get to the bottom of it as opposed to skimming along barely keeping our heads above water for an extended period of time.
can't wait to hear McCain's solution to the problem now that he has to go on with the debate. i am sure he'll refute the idea that he supported the policies that got us here in the first place.
jeremy
of TX
@
Sep 26, 2008 11:38:48 AM
Bailout
So if we use taxpayer money to buy the bad debt (assets) of corporations, do these same corporations get to take a future loss on their corporate taxes? Isn't this a double taxpayer bailout?
Matthew
of CA
@
Sep 25, 2008 21:28:58 PM
Republicans had better be on this to the tune of about 80% of them. Democrats have no business passing this in any form if most of the Republicans balk and skate off singing the old crap about free markets and deregulation.
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
twostandingwomen of WI @ Sep 26, 2008 13:46:44 PM
jeremy of TX @ Sep 26, 2008 11:38:48 AM
Matthew of CA @ Sep 25, 2008 21:28:58 PM
of @ Sep 25, 2008 16:07:16 PM
Back to blog