Gothamist: Treasury, Federal Reserve Plan Even Bigger Bailout

NannyState

Fri, 19 Sep 2008 20:18:57 -0500

The alternative was a complete collapse of the financial system, a market brought down by short selling and panicked investors, trillions of dollars in pension funds and other public investment funds wiped away, a depression that could last for a decade, and you and I jobless and shivering in a cold winter. Any other questions?

glennQNYC

Fri, 19 Sep 2008 19:22:43 -0500

Where are the criminal investigations? The Democrats have their hands all over this one, and since it is an election year, they just want this to go away quietly.

throwcomputer

Fri, 19 Sep 2008 14:17:30 -0500

Jibbly: I think a letter in the NYTimes summed it up for me: To the Editor: Dear Mr. Bernanke and Mr. Paulson: My student loans are too big and it is hurting the economy. Can I have a bailout, please? I need $92,000. Thanks. Nathan Kottke St. Paul, Sept. 17, 2008 this is what im talking about.. give me a bailout for the $140,000 in college debt ive got! instead of writing to the NYT.. why not write to the feds! here you go: ConsumerHelp@FederalReserve.gov

Polemicist

Fri, 19 Sep 2008 13:13:41 -0500

throwcomputer: You are on to something here. It's time for a Jubilee year, as described in the bible and that have been practiced for thousands of years. There is too much debt, for everyone. It's time to erase all the debts and start over.

WesleySnipesAlot

Fri, 19 Sep 2008 12:37:45 -0500

privatized rewards and socialized risk. Gotta love it! The same yuppie fucks who would scream bloody murder and "FREE MARKET!!" any time a hint of regulation or taxation was mentioned, now go to Uncle Sam with hat in hand. Unreal.

Leon Freilich

Fri, 19 Sep 2008 12:28:52 -0500

GUTLESS BLUNDER Where's the Wall Street pet these days While the economy proves a clunker? Bush the Bailout Baron's huddling With Dick Cheney in a bunker.

Steven

Fri, 19 Sep 2008 11:57:30 -0500

Disgusting. The middle class pays for people on welfare and the rich people mistakes, wonder why there isn't going to be a middle class in the future anymore. Either you're rich or poor.

jibbly

Fri, 19 Sep 2008 11:36:04 -0500

I think a letter in the NYTimes summed it up for me: To the Editor: Dear Mr. Bernanke and Mr. Paulson: My student loans are too big and it is hurting the economy. Can I have a bailout, please? I need $92,000. Thanks. Nathan Kottke St. Paul, Sept. 17, 2008

matty

Fri, 19 Sep 2008 11:29:55 -0500

I don't know about this. I thought aig was necessary but now the taxpayer is bailing out people who are guilty of malfeasence in a braod spectrum of financial houses. That is not how things are supposed tob work! Really I think the tax payer should allowed to see some heads roll here

throwcomputer

Fri, 19 Sep 2008 11:17:49 -0500

no they dont.. cause thats liberal brainwashing.. its transparent! nm the worse transparent consv shit.

spiritross

Fri, 19 Sep 2008 11:13:58 -0500

Um isnt this Socialism? The demos can start a brilliant campaign painting republicans as communist traitors the masses eat that crap up

starrygordon

Fri, 19 Sep 2008 11:03:11 -0500

Ph: Real estate prices are down in most of the country. They're not down in NYC because for some reason rich foreigners want to buy here. They buy in Manhattan, forcing semi-rich New Yorkers and incoming suburbanites elsewhere, like those silly ice-cube trays in now post-hip Williamsburg. The current hyperbailout may actually decrease the money supply, as it's an indication that the managers of the system are desperate -- hence, private credit is going to dry up as people put their money into gold bricks or yen.

JacqueMehoff

Fri, 19 Sep 2008 10:57:56 -0500

that's an idea. when collection agencies call on my student loan, I'll tell them to take it out of my AIG account. so that means, keep waiting, you're not getting anything.

throwcomputer

Fri, 19 Sep 2008 10:47:58 -0500

i can tell you if they wiped my education debt equivalent to a shitty little house.. i'd go buy a shitty little house! there's your housing crisis solution!

throwcomputer

Fri, 19 Sep 2008 10:46:42 -0500

how about wiping out all federal college loans to kick start economy instead of bailing out rich assholes who will only screw us more? I took a similar stupid risk going all in on advanced degrees with big hopes for the mythical jackpot only to realize no one wants to buy stock in intelligent people... where's my government bailout?

Felix Hoenikker

Fri, 19 Sep 2008 10:40:12 -0500

I hear ya, BH. Drumbeats to Iran are nearing as the clock ticks to January. This administration is treating the country like a rental car.

TK

Fri, 19 Sep 2008 10:37:47 -0500

His name is Robert Polson, uh, i mean Henry Paulson.

babyhitler

Fri, 19 Sep 2008 10:24:42 -0500

so let's see, bear sterns was the BIGGEST bailout in history, then freddie mac was, then AIG, then this, and then banking....... Didn't I tell you guys months ago that DUBYA was Not Finished? This is just the tip of the Iceberg. It's just a stopgap measure. I guarantee that George Bush has something even GREATER in store for all of us. A going away present that will leave a mark eons after we are dead and buried.

Felix Hoenikker

Fri, 19 Sep 2008 10:06:40 -0500

Pure douchebaggery I say. Public beheadings for the banking top brass I say. You jack a $500 car they send you to jail. WTF?

Fritzdecat

Fri, 19 Sep 2008 09:50:41 -0500

Wheres the Chinese? I thought they were going to show up with fistfulls of cash and buy America out?

MonkSalve

Fri, 19 Sep 2008 09:50:33 -0500

I'm too big to fail!! hehehe Sure we can afford a half a trillion bail out. And a war half a world away. And permanent tax cuts!!! This blows.

gossipgirl

Fri, 19 Sep 2008 09:48:52 -0500

This is ridiculous. So destructive.

esquared

Fri, 19 Sep 2008 09:47:46 -0500

Rich white people bailing out rich white people.

Politburo

Fri, 19 Sep 2008 09:32:30 -0500

He gave an address yesterday morning, didn't he?

S.D.

Fri, 19 Sep 2008 09:31:31 -0500

Will the Gov't insist on a change of management for companies that accept this bailout? Preferably without a Golden parachute? If not, this is simply a reward to failed management of companies.

Dirk

Fri, 19 Sep 2008 09:22:10 -0500

So where's Bush been hiding out the past few days? Haven't seen him on the news at all. Typical.

Ph

Fri, 19 Sep 2008 09:15:46 -0500

So what exactly is this going to do in regards to real estate prices? I was responsible and didn't bite off more than I can chew, but the market is so overpriced that I still can't buy a place even with a good job (its not worth it at these prices). ??

abzme

Fri, 19 Sep 2008 09:13:08 -0500

Isn't this how the Empire took over the galaxy in Star Wars?