Originally Posted by julia

Just say NO to corporate welfare.

Originally Posted by guest1234567

Credit being given away so freely is what caused this. Greed clouded the vision of these companies. There has already been less credit going around. Small businesses haven't had a leg up in a while. But eventually the lending institutions will realize that there are people and businesses who qualify for loans and they will start lending again.

And I would be willing to bet dollars to donuts that if there is a bailout later this week, or next, it will make no difference. The lending has already ended. A bailout will make no difference to anyone but the investors of the companies being bailed out.

Originally Posted by julia

Just say NO to corporate welfare.

Originally Posted by DanS.

It isn't welfare....when's the last time you saw any welfare recipient forfeit a large percentage of their assets to the govt. for a check? When's the last time anybody had to pay the govt. over 11% interest for the welfare check.....never. This is bigger than your ideology or hate for wall street. This is going to affect you and everybody else here personally, in a big way....

Originally Posted by itsmeeeeeee

just say no to your own 401k, to my mom's retirement account, banks, etc., eh?

this bill wasn't about wallstreet!
this was about banks not failing.
it was about YOUR job, etc.

wallstreet caused it, yes. but they aren't going to be the real losers.

the bill had tons of oversight, it had limitations on ceo salaries and bonuses, forbid golden parachutes, etc. and protected the tax payer.

i think pelosi put it very well when she said it wasn't a bailout, it was a buy in. the american taxpayer could actually have made money on it in the long run when values straightened back out in the future.

Originally Posted by guest1234567

Credit being given away so freely is what caused this. Greed clouded the vision of these companies. There has already been less credit going around. Small businesses haven't had a leg up in a while. But eventually the lending institutions will realize that there are people and businesses who qualify for loans and they will start lending again.

And I would be willing to bet dollars to donuts that if there is a bailout later this week, or next, it will make no difference. The lending has already ended. A bailout will make no difference to anyone but the investors of the companies being bailed out.

Originally Posted by julia

Where did I say I hated Wall Street?

This is simply the result of poor regulation which is form Rethug leadership.

I am pro-oversight.

All those bad food outbreaks? Again from poor regulation and oversight.

FDA food inspectors have been decreased 56% since 2003.

Funny some think that foxes can be trusted to guard the henhouse.

Originally Posted by guest1234567

"Buy ins" are inherently un-American. It's not as if they are going to distribute shares of stock to every taxpayer, right? This is socialism, except they're taking over an insolvent industry instead of, say, the oil industry.

Originally Posted by guest1234567

"Buy ins" are inherently un-American. It's not as if they are going to distribute shares of stock to every taxpayer, right? This is socialism, except they're taking over an insolvent industry instead of, say, the oil industry.

Originally Posted by DanS.

I'm not talking about credit for buying cars or anything. I'm talking about businesses obtaining credit to meet payroll. In case anybody isn't aware companies obligation to it's employees and suppliers don't match revenues...they have to obtain a LOC to meet payroll or pay bonds...if they can't they close down...it's that simple. If they close down they default on bonds...and you haven't even seen a financial disaster untill banks and institutions claim their CDSs....

Originally Posted by DanS.

dude....there's systematic risk and unsystematic risk...these financial industries failing have a possibilty to affect you and I greater than the companies themselves failing...even if we weren't responsible for it the costs will be much greater on our part than the $700 they want.