Bailout bitter pill to swallow

Posted Wednesday, October 1, 2008, at 9:46 AM
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  • Kelly,

    Google (Steven Holmes NY times 1999)...Yep he saw this coming in 1999...during I might add the Clinton years.

    -- Posted by Momof 2graduates on Wed, Oct 1, 2008, at 2:44 PM
  • Or Google Jamie Gorelick. The deputy Attorney General under Clinton that was vice chair of Fannie Mae before she took her 26 million golden parachute a couple years ago. Having employees cook the books so the bonuses would kick in.

    Heck, google her about the "wall of seperation" while she was Deputy AG. This woman should be in a stockade, along with a few others, in front of wall street so we can throw things at her.

    -- Posted by UM1233 on Wed, Oct 1, 2008, at 4:19 PM
  • Along with Chris Dodd , Barney Frank, Frank Raines, Jim Johnson. See the reoccurung them...all democrats or working for democrats

    -- Posted by UM1233 on Wed, Oct 1, 2008, at 4:36 PM
  • The blame game for the sake of blaming is not productive; finding who or what is the cause so that it might be avoided in the future is a positive thing. (Semantics, I know.)

    GREED -- you summed it up, Mr Everitt -- is the ultimate cause. Now, what do we do? At the moment, get something passed. No, it will not be the best answer but I feel will be better than letting it all slide.

    Most important, we shouldn't panic and withdraw our funds from anything!

    I for one am in favor or more regulations on lenders and borrowers. I saw an interesting two-panel cartoon. On the left, labeled "1980" was a businessman carrying a brief case labeled "Deregulation;" the man is waving his fist and screaming something like, "Government, get off my back!" On the right, labeled "2008", the same businessman is underwater, his brief case labeled "Bail out" and he is screaming, "Where is the government when you need them?" Or something like that anyway.

    If not enough is done in this regard on this bill the House is considering, we need to expect and demand future action, and soon, after the new administration is in office. But something does need to be passed now.

    -- Posted by senior lady on Thu, Oct 2, 2008, at 2:39 PM


    Nobody wanted to vote on the bailout the other day. Now that their state gets some earmarks, 451 PAGES later!? 150+ million dollars later!?

    We are in trouble if this passes thru the House. It will not help, it will only delay the inevitable. The bankers and wall street will keep doing the same thing, knowing that the gov will bail them out. Knowing all they have to do is grease some pockets.

    I'm at a lose for words. But I am tired of Washington, no matter what party is involved, wiping their feet on the honset hard working American. That would be You and me!

    -- Posted by UM1233 on Thu, Oct 2, 2008, at 4:36 PM
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