I think they shouldn't bail them out. They're
Posted By: all gonna tank, anyway.- sm on 2009-02-23
In Reply to: Well, O had the Economic Summit today and - Backwards typist
All those crooks in the banking, insurance/HMO industries, and most certainly Wall Street, need to be held accountable, have all of their assets seized to help pay for this, and then they should all be sent to Guantanamo Bay to rot.
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You're right, it shouldn't have been posted.
It was a terrible thing to post and completely stupid.
There wasn't a threat made though, and people post stupid things all the time.
If the FBI is watching for stuff like that, they certainly don't need MT Stars to keep a watch for them.
Yes it was moronic, but I agree with poster above....let's be real here. Moderator made an appropriate decision and removed it. Move on.
Sure they're cheaper. But shouldn't there be
.
You're right...you shouldn't argue with me....(sm)
you should argue with the founding fathers themselves because that is exactly what you are attempting to do, rather unsuccessfully I might add.
Well, it would not have been necessary to bail out...
FM/FM had the Democrats running it not stolen it blind, and the "reform" bill the Dems passed that nailed the coffin shut.
Obama dogged and hounded by the media? Are you JOKING? Any interview he did was on the softball channels where he never got a real question...were you even watching? He would not go on Fox where he knew he would have to answer the tough questions until this week. Hounded by the press my eye...only to fawn over him. Sheesh...lol
do you think they should just bail out
what kind of solution do you propose?
we bail out ceo's ......
It's okay to pump billions into the auto industry and wall street but not into our own people?
So what happens when we bail them out?
See! We bail out the big guys and the money goes straight to the CEOs that ran the company into the ground, rewarding their incompetence! Oh, lets hurry and bail out the automakers too!
WASHINGTON - American International Group is paying out millions of dollars in executive bonuses to meet a Sunday deadline. But the troubled insurance giant has agreed to administration demands to restrain future payments.
The Treasury Department determined that the government did not have the legal authority to block the current payments by the company that has already received more than $170 billion in U.S. support.
AIG declared earlier this month that it had suffered a loss of $61.7 billion for the fourth quarter of last year, the largest corporate loss in history.
Here's what happens when we bail them out: sm
AIG accepted our money after losing 60 billion, and guess what? They are paying out 167 million in bonuses. Why is this allowed to happen? How can you lose that much money, accept money in bailouts, and then have the unmitigated gall to pay yourselves bonuses? This is UNACCEPTABLE!! Out and out thievery!!
Do you think our government should bail out FM/FM
Just wondered what everyone thinks about this subject. I haven't seen it discussed yet and if it has been sorry. Do you think the government should bail out these two institutions and if so, or not so, why?
I heard someone on the TV today (didn't recognize the name but he's an idependent) he asked the question, so is it going to be the people who make $30K a year the ones who pay for this or the billionaires and trillionaires? I thought that was a good point.
Also I heard that one of the guys in charge (forget his name right now) made over $90 million and he isn't paying anything. I would think that if you make over $90M on this and you run it into the ground you should have to forfeit whatever you made and pay it back (but that's my own opinion).
the bail out really irks me
I think they should just let them fail and use the 700 billion or whatever it is to try and clean up the fallout from this mess. These greedy b@$st@rds need to deal with the consequences. I really don't get it. I thought you had to have mortgage insurance if you didn't have enough down. My sister has to pay for mortgage insurance, and it's highly unlikely that she is going to default on her mortgage (for one thing, she bought what she could afford). And as far a people losing their homes, well maybe they should move into homes they can afford anyway. There are nice 1-bedroom apartments in Harrisburg for $540, including utilities. Sounds good to me. grrrr....
The reason behind the bail out is
to put money back into the market. If we do nothing at all, the result is likely to be horrific. We have to do something to get money back into the market. However, bailing out these big banks and making us foot the bill is unacceptable to me. These banks and their big wigs should learn the consequences of their actions and not just walk away with a heck of a lot more money than I will ever see in my lifetime. This initial bail out is just a band-aid really. Our economy is collapsing and this bail out will slow down the collapse but there is no guarantee that it will stop it.
Right now they are debating about how to go about this bail out. Some want the bail out left like it is with us taxpayers footing the bill. Others are trying to come up with a plan to not make the burden on us and yet still get money into the market. That is why no agreement has been made.
My fear is that if we bail them out
what have they learned. They obviously won't have any consequences to their actions. We will be the ones to suffer for their greed and crimes. However, what is to become of us if we don't bail them out? I really don't know the answer to this. I am just thoroughly ticked off that our government has allowed things to get like this. Now they are sitting around crying and whining, pointing fingers, wanting special interests included in the bill, etc. I'm just so disgusted.
Is anyone actually in favor of the bail out?
I personally think that we should just let the banks fail and not save their greedy banker butts. It seems like that's the way a lot of other people feel too. I haven't heard one person say let's save their greedy banker butts. However, I'm pretty sure that congress will bail them out. If I could vote on this, I would definitely say no, no matter what consequence to myself (drop in stock, retirement and possibly the value of my home, no loan for college next semester).
Are there any average Americans out there that are for this?
bail out the world?
So we have to borrow our own money so we can bail out the world? Call your Senator.
Auto bail out s/m
Read the following report. 8-10% of total cost doesn't seem like a huge percentage for labor costs. Maybe they can't afford the big salaries and bonuses for the top dogs? About time the wealth started being redistributed. Funny I haven't heard any outrage over the outrageous salaries the top dogs in these automobile business are paid. Just whining about how much the UAW workers are paid. It's about time the working class started standing up for the working class!!!!!
Let 'em all go bankrupt. I have no doubt the idjits in Washington are way more concerned about job losses in "developing countries" than those of American citizens.
http://news.yahoo.com/s/ap/20081115/ap_on_bi_ge/auto_bailout_gettelfinger
Did you see where if we bail out the automakers - see msg
There are people that are laid off and have been laid off for years that are drawing $31 an hour to just sit in a room - they play checkers, they read, they watch TV, or they sleep and stare at the walls. It is a guaranteed thing that cannot be stopped except through bankruptcy (and they may have to pay them off even then). So in effect, if we bail out the automakers, we who are struggling to make our money in this world will be paying those people to keep sitting there!!! 
How many think you should bail out illegal
what would that matter? you want to bail them out?
nm
I don't think we should bail out anyone's mortgage.
Anyone who took out a mortgage and signed a contract to repay the loan and needs to do so. I don't care if they are illegal aliens, legal aliens, space aliens, or United States citizens.
bail out.. Amen, sam. Disgusted with
the whole dang bunch of them, for sure. As far as this bail out goes, I think those at the top who made so many millions and apparently will just go on, should be treated the same way as Ken Lay and others of Enron fame. They should pay it back, confiscate their new homes and boats or whatever they have bought, do jail time and be forced out of their elite positions. Of course, by the time congress does an investigation they will no longer be around anyway. But I do not think they should continue to give away our jobs to nontax paying people and still fall back on the age old answer of taxing us. Even my math is better than that!
Fear is that they will still collapse even after the bail out.
Hedge funds are about to fold. Derivatives which I do not understand are a whole other ballgame - They are what made the hedge fund managers millionaires - it is like betting on stocks (as one would with football) and is somehow linked to the stock market.
This site explains it well:
http://georgewashington2.blogspot.com/2008/06/derivatives-market-is-unwinding.html
What is the bank bail-out if not socialism? s/m
Maybe you'd have better luck with your employees if you gave them a raise. If you have a profit margin that allows you to give them a 25% bonus, surely a 10% raise wouldn't cause you to suffer too much.
And if we did bail out the auto industry......sm
how much is that going to cost us and where is the money going to come from?
I realize this country's economy is in the toilet at this point and people are hurting everywhere, but my question is, like I said above, where is the money going to come from (I don't believe tax increases on the wealthy are going to cover the tab) and what is going to happen when "they" call in the loans?
445,000 per citizen is the bill for the bail outs.
And what then? The govt will own our homes and regulation will take on a whole new meaning.
This is called fascism.
Since when is a tax cut welfare? Corporate bail-outs, maybe...
corporations and plans to continue W's tax cuts for the rich in 2011. Is that welfare too? Sheesh.
And we bail out Wall St. who created this mess.....
Didja watch House of Cards? That spelled it out pretty succinctly. People were sucked into mortgages they couldn't afford, they were told they could refinance in 1-5 years and keep the mortgage payments they could afford - THEY WERE LIED TO. The bankers and Wall St. had to keep that Ponzi scheme going.......pizza delivery drivers were selling mortgages!! The more they sold, the more money they made - upwards $20,000 per month - they sucked people into refinancing to put cash in their pockets because housing values were skyrocketing.......and it all crashed down. So who did we bail out first? The banks and Wall St.............not the people who got screwed by con men. And these people were not POOR - they just got sucked into buying more house than they could afford. So, stick that in your pipe and smoke it.
While I have to admit that the Republicans started this whole bail out thing...
I really thought we were going to get change with Obama. I didn't vote for him, but this isn't just a continuation of the same old mess, this is adding on to it. You can't blame all of the dems for it, either - there are a couple of repubs signing on as well. I'm pretty sure that this isn't what those who voted for Obama signed on for.
All I can tell you is be sure to write your congressman about this - if you need email addresses or such, go to Congress.org - there's a place to put in your zip code and it gives you the names of all of the reps from your area. Doing that is a much better outlet than attacking each other on this board.
Excellent idea. I'm also charging up my cards, so I hope you bail me out! SM
But wait. If I bail you out and you bail me out and we bail out AIG and the government bails out mortgage-skippers and China bails out the US and...somebody tell me again, where does all this money come from? It's all so confusing.
Foreign investors. China and Russia insisted on Fannie Mac bail out.
dd
You shouldn't take it there...
We shouldn't sit through any but nothing you said...sm
offers up a reason why we invaded Iraq. I expect the usual Sadaam was evil, brutal, murderous, and his sons ... (and all of it is true). So it is a good thing that out of this all we've taken them out, now what is holding us there. Let's face it, these folks are going to have to fight it out one day. The strongest will win, whether we leave today or ten years from now. Right now they have a PM who is a prior islamic extremist (see Lurker's post titled Disturbing) - we should not support that. Can you not see history repeating itself? Did our current leaders not shake hands with Saddaam? Did we not train up bin Laden? The way we are going about things in this war is not going to leave us any safer - if anything less so - the region is now even more incensed with hate than it was under Sadaam's thumb. I think our best chance at survival (though when our time is up, it's up) is protecting our homeland. Of course we need to keep our hands and ears in the Middle East, and definitely retaliate against any attacks on our soil or Embassies. It's the preemptive idea that I can't get down with.
We should never ever sit through a 9/11. If
Sadaam was responsible then by all means go after him and anyone willing to fight for him. What we are doing in Iraq has nothing to do with 9/11. In my mind, they are two issues until it can be proven that Saddam had a hand in the Twin Tower attack.
I was young during the Clinton Admin, so I didn't keep up with foreign affairs as much as I do now and I still do not indulge in them a great deal. But now as I look back I think he did a poor job in retaliating against anti-American attacks.
You shouldn't believe it because it just isn't so.
Believe me, Europeans would absolutely laugh at this.
I know....shouldn't even go there with her...
but it was, as you said...mildy entertaining. lol.
Why shouldn't it go on?
The debate will only take a couple of hours. Nothing is going to get resolved that quickly anyway.
I think what we shouldn't do is just
sit here and watch it go down. That simply isn't fair to the millions of families dependent on the industry and in the long run EVERYBODY suffers from it. I think we need to make them not only make more fuel efficient cars but also more affordable ones. Kill all the tax cuts for imports so we can compete in the market and start working on alternative fuels. I don't think anyone has a complete answer for all this yet, I know I don't, but to just sit here and let it happen is asking for even more disaster.
It shouldn't have to, but . . .
people in general suck and are selfish and have no desire to contribute to their communities, and these are almost always the same people that whine and moan about how they don't want governemnt involved.
It shouldn't have to, but . . .
people in general suck and are selfish and have no desire to contribute to their communities, yet these are almost always the same people that whine and moan about how they don't want government involved.
You shouldn't a-s-s-u-m-e
that because I am not in love with Obama that it means I supported Bush. I for one did not care for Bush at all! I found myself preferring to rub my ears with sandpaper then to listen to his speeches...kinda like I do now, but with Obama!
Then you shouldn't
call yourself a Christian because a Christian finds homosexuality to be sinful and immoral. Me and you worship different Gods, obviously. Mine says homosexuality is an abomination. Love has nothing to do with sodomy.
No I shouldn't have. I was describing me, not you. SM
Yes, but the government shouldn't be
encouraging companies to outsource either. Our country has way messed up priorities when the only people making big bucks are entertainers and greedy CEOs. Meanwhile, we've got unemployed people and poverty. Hey, let's send our money, our technology and our private data to a country that HATES us.
So it shouldn't be allowed
because everyone might suddenly become gay and there would be no offspring? How about artificial insemination? This is a new one on me!
Shouldn't your pen name be "ROBOT"?
Sorry you couldn't do better......shouldn't have
xx
It shouldn't be about race
But for a lot of people it is. I won't vote for him, but race has nothing to do with it. Interestingly, my 79-year-old aunt thinks we should vote FOR him because of race. She says "Oh, we owe it to them."
Interesting too, I think Obama's commercials have been playing the race card recently - the white one. All of his recent commercials in my area have shown him with his mom and grandparents in cozy home-spun settings.
They should hate this shouldn't they?
nm
shouldn't have said illegal, but
does all that make you think this election is going to be legitimate? Why, oh why can't people just do things straight up and let the people really be heard. I am sick of the whole thing, and honestly do not believe it really matters who wins either way... they are all politicians
I"m hearing it and why shouldn't they
get money for a bailout? Wall Street and the banks did, but WS and the banks are HOLDING ONTO the money for BONUSES, not to bail themselves out. GM and Chryler need it to KEEP JOBS.
The bailout was wrong in the first place because everyone would want money, but that's the only thing they could come up with at the time. What's done is done but I don't think we ought to keep throwing money out there. NP and Barney Fife are too free with money that's not theirs and they should be thrown out of office.
Shouldn't you be concerned about where
all those millions given to Louisiana to rebuild went to? They went to state park projects in the northern part of the state and then LA governor lost track of where the other millions went to.........
If you're so worried about the residents of NO and want to blame the government for all their woes, maybe you should ask why Mayor Negan had the casinos going full blast the day before the hurricane was due to hit? Why wasn't he getting all his federall funded citizens out of NO? Louisiana has always been a state of corruption much like Illinois and until their citizens demand better, they won't get it! On second thought, with so many criminals ran out of New Orleans, maybe it would be a better place to live!!!! They're probably all back by now though, robbing, stealing, and murdering those those who actually do work for a living....
Shouldn't you have considered all that BEFORE you
xx
We shouldn't nuke them.
Sheesh...that would be stupid. Once we nuke them, everyone will pull out the nukes and you can kiss our planet good bye. You won't have to worry about co2 emission and going green then.
What should happen is that the UN grow some balls and actually stand up to bullies like this instead of cowering back like they have always done.
What does this tell you about quacks that run other countries? Threatening to nuke us unless we apologize? And you are worried about us waterboarding. Give me a break!!! These are also the psycho freaks Obama wants to have tea and crumpets with to discuss things. What a joke! Good luck with that one Barry.
If the UN apologizes, that gives N. Korea some control and that is what they are wanting. N. Korea is all about making threats to make them look big and bad anyway. We should definitely keep a close eye on them, but we shouldn't bust down the door yet. I personally feel other countries need to step up and carry the big stick for a while. Not only can we not afford another war, but we don't have enough military numbers to do it either. Why can't other countries grow some balls and actually stand up to bullies like this? They always make us do it and then they complain about us. Like the French.....wouldn't they be speaking German if we didn't put our nose in their business and help them?
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