From Matt in Mass.
".... haven't read exactly what it consists of yet. The one thing I do feel though is that NONE of the ceo's or cfo's that helped ruin these companies should get one dime of a bonus or buy out or however it is dubbed. The other thing is [that this is not really] another failed policy of George Bush since it was Bill Clinton and Barney Frank who set this in motion during Clinton's presidency......"
Sunday, September 28, 2008
More thoughts from readers on the Bailout
From MB, who lives in PA
Obviously, I'm pissed like most middle to lower class citizens that I need to use my money to bail out all those rich people.
All the financial heads seem to walk away with hundreds of millions when they should be in jail!
I don't ask for much, I just want the price of gas lower and my mutual funds to be worth at least what I put in, not less!
Obviously, I'm pissed like most middle to lower class citizens that I need to use my money to bail out all those rich people.
All the financial heads seem to walk away with hundreds of millions when they should be in jail!
I don't ask for much, I just want the price of gas lower and my mutual funds to be worth at least what I put in, not less!
Saturday, September 27, 2008
More opinions on the bailout proposal
In favor of the bailout? From a fellow in his 40's in Oregon:
"Yes, I think it’s a good idea and I agree with Bernanke and Paulson that it should be unencumbered. However, the key to success is in the valuation of the assets. This should be done in a way to allow for fair current valuation, not the value the bank has it booked at. The taxpayer should have a reasonable, but not guaranteed, chance of making a profit on the purchase. The final bailout cost will be the purchase price minus the sale price minus administration and transaction fees. This will likely resemble the amount the taxpayer was on the hook for following the S&L debacle, or around 100 to 200 Billion."
"Yes, I think it’s a good idea and I agree with Bernanke and Paulson that it should be unencumbered. However, the key to success is in the valuation of the assets. This should be done in a way to allow for fair current valuation, not the value the bank has it booked at. The taxpayer should have a reasonable, but not guaranteed, chance of making a profit on the purchase. The final bailout cost will be the purchase price minus the sale price minus administration and transaction fees. This will likely resemble the amount the taxpayer was on the hook for following the S&L debacle, or around 100 to 200 Billion."
Friday, September 26, 2008
More Opinions from readers on the Bailout
From AB, trying to make a living in FL
NO BAILOUTS!!!!!
There comes a time when the piper must be paid. The individuals who have caused this set of circumstances should be tried and punished and the CEOs should return their ill gotten goods.
NO BAILOUTS!!!!!
There comes a time when the piper must be paid. The individuals who have caused this set of circumstances should be tried and punished and the CEOs should return their ill gotten goods.
Opinions from Readers on the Bailout
From "DAC - Montclair, NJ:
Even before Ronald Reagan, supply side economics and the "trickle down" theory of economics have proven time and time again to be disastrous for the American people, producing massive national debt, rampant corporate greed with unaccountability and massive American taxpayer bailouts.
Yet, Republicans continue to point to Democrats over and over again as providing too much government and too much regulatory oversight as the problem. It may be true that this government bailout is necessary to save the American financial from it's own manufactured demise, but responsible government leaders must HEAVILY regulate the deal. They must make sure those responsible for reckless corporate management do not profit in any way (including through previously negotiated compensation contracts) and that the American taxpayer PROFITS from any benefit. And may all Americans recognize that we are looking at the end result of what Republicans propose for private Social Security accounts - corporate greed, corruption and another massive taxpayer bailout when it comes crashing down.
Let's learn something for a change!
Even before Ronald Reagan, supply side economics and the "trickle down" theory of economics have proven time and time again to be disastrous for the American people, producing massive national debt, rampant corporate greed with unaccountability and massive American taxpayer bailouts.
Yet, Republicans continue to point to Democrats over and over again as providing too much government and too much regulatory oversight as the problem. It may be true that this government bailout is necessary to save the American financial from it's own manufactured demise, but responsible government leaders must HEAVILY regulate the deal. They must make sure those responsible for reckless corporate management do not profit in any way (including through previously negotiated compensation contracts) and that the American taxpayer PROFITS from any benefit. And may all Americans recognize that we are looking at the end result of what Republicans propose for private Social Security accounts - corporate greed, corruption and another massive taxpayer bailout when it comes crashing down.
Let's learn something for a change!
Thursday, September 4, 2008
Palin and Pit-Bulls...and Pitfalls
First:"Is the media covering Palin fairly?"
Why wasn't this question asked about press coverage of Hillary Clinton when she was being basted in the press during the Primary? It seemed that nothing was off limits then.
Palin is running to be Vice-President. Questions need to be asked. What’s going on privately within her family—her children—is not really our business and shouldn’t be our focus. But, if her opinions and her beliefs could affect how she might govern and represent this country, then we had better know where she stands.
Second:
Palin's "Pit Bull with Lipstick" quote? Either she isn't familiar with the American Staffordshire Terrier breed or she plans on doing whatever she's told to do. ASTs are known for being faithful to their owners and obeying them. (That's why the press’s coverage of "pit-bulls" is off-base. Attention should really be focused on the dogs’ owners. It is the people who relentlessly make the dogs mean.)
Third:
Like in 1992, “It’s [still] the economy, stupid.” We should be very concerned that no one is paying much attention to the economy. Issues/distractions like abortion and evolution—what year is this again? Are doing a good job of taking the spotlight off what is draining all or us day by day--the economy and how it is being mishandled. Ignore it, and it won't go away. It will just get worse.
Why wasn't this question asked about press coverage of Hillary Clinton when she was being basted in the press during the Primary? It seemed that nothing was off limits then.
Palin is running to be Vice-President. Questions need to be asked. What’s going on privately within her family—her children—is not really our business and shouldn’t be our focus. But, if her opinions and her beliefs could affect how she might govern and represent this country, then we had better know where she stands.
Second:
Palin's "Pit Bull with Lipstick" quote? Either she isn't familiar with the American Staffordshire Terrier breed or she plans on doing whatever she's told to do. ASTs are known for being faithful to their owners and obeying them. (That's why the press’s coverage of "pit-bulls" is off-base. Attention should really be focused on the dogs’ owners. It is the people who relentlessly make the dogs mean.)
Third:
Like in 1992, “It’s [still] the economy, stupid.” We should be very concerned that no one is paying much attention to the economy. Issues/distractions like abortion and evolution—what year is this again? Are doing a good job of taking the spotlight off what is draining all or us day by day--the economy and how it is being mishandled. Ignore it, and it won't go away. It will just get worse.
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