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Public Opinion: Lehman Brothers, Merrill Lynch, AIG, and the Wall Street Storms

How concerned are you about the shake-ups to the financial system? Post your thoughts

By U.S. News Staff

September 15, 2008 RSS Feed Print

Financial storms continue to rock Wall Street and the markets: Lehman Brothers filed for bankruptcy and will not be bailed out by the government; Bank of America is buying Merrill Lynch; new concerns focus on AIG. Coming in the wake of the problems involving Fannie Mae, Freddie Mac, Bear Stearns, and JPMorgan Chase, the developments have left the financial system badly shaken. The Dow slid by triple digits to start this morning. How concerned are you by these developments? How will the financial temblors affect you? Post your thoughts below.

Tags:: Lehman Brothers,; banking,; Merrill Lynch,; economy,; Wall Street

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Dear Mister AIG,
Give the money back!
We the people are not happy with you! We are struggling in this economy just to keep a roof over our heads and keep our young ones fed. We don’t have jobs. We don’t have money. We have no credit and sometimes it feels like we have no hope!
How dare you argue that our money must legally be given out in bonuses to folks in your company who put us all in theses dire straights in the first place!
We the people have trustingly allowed our government to hand over our hard earned tax dollars in order to reestablish this economy. To keep your ship from sinking and keep us all afloat we said YES take our money and fix things!
The term “Fix things” does not equate to repairing executive bank accounts by allotting money we could feed our children with in huge bonuses! $165 million dollars is not chump change buddy! Can you imagine how many American families could stay afloat with that kind of money in the bank? Perhaps we should rethink our trust in government with these bailout funds for big business and insist that they allot all of that money to individual American citizens who could then give out giant bonuses to their children in not only the needs of daily life, but in education and hope for a better future!
I bet Jack the warehouseman and Joe the plumber would spend their share of the money a whole lot more responsibly then you have.
Yes sir, I believe that we should have a nation wide recall of all of the bailout monies and then vote to make government put that money in the hands of it’s citizenry who would then put it back in the economy. Houses would not be foreclosed. Children would not go hungry. Merchants would not go under. If we had the money, we would pay our credit cards, our home loans, our insurances, etc. We would shop again. Sounds to me like if we the people had that money then all would be back on track to being well in the world!
Do the right thing Mr. AIG. Send the money back!
We might remember you in a good light after this crisis has passed instead of as the company who laughed in the face of our poverty by stealing our money
to pay their executives bonuses for running their firm into the ground!
Sincerely,
We the People

Tereasa Sanders-Halligan of ID 2:18PM March 17, 2009

This has to be the most outrages abuse of trust ever witnessed in modern times. Here is a company already in the total financial collapse. Government steps in with a rescue plan by shoveling a truck load of taxpayer $$$ and it is immediately used for a $500K retreat for the executive ranks.
What a joke!
They should be allowed to perish in financial rubble they got themselves into. And judging how they tighten their financial constraints in the dire situations NO DOUBT they will be on the brink of another disaster before long.
Is the government going to supply taxpayer’s money to send them on a luxury junket again?
WAKE UP!

AR of CA 7:11PM October 10, 2008

Wall Street is simply learning what every person must learn eventually, Everyone must grow up sometime and acting irresponsible is only cute for toddlers. Disregarding lending standards by failing to perform basics such as verifying employment, credit, income, breathing status, etc... has bit everyone in the hind end. In addition, the massive spending spree known as the War on Terror has screeched to a near halt due to the exploding national debt. Anyone who believes that war spending somehow seeped into the Iraqi sand must get in line for their lobotomy because all that war spending simply went to defense contractors, political buddies and the greedy leeches in government. Now that the government is financially drained and markets are collapsing, can we please grow up and begin to act responsibly??? Stick those credit cards, cell phones, Ipods, etc... somewhere so they stop annoying everyone, take a deep breath and think about saving for that next gadget we want instead of slapping the plastic on the counter.

Ray Fisher of NM 11:38PM September 15, 2008

Public Opinion: Lehman Brothers, Merrill Lynch, AIG, and the Wall Street Storms

How concerned are you about the shake-ups to the financial system? Post your thoughts

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