I oppose any "bailout". Period. Finished.

[bluestateguy]

I'm sick of this bullshit from crybaby industries demanding taxpayer welfare.

Congress should just adjourn, go home and and forget about the whole thing.

BTW, my opinion would be the same if we were talking about a bailout for irresponsible homebuyers being foreclosed upon.

[BlooInBloo]

1. But do you approve of a Resue Plan?

:rofl:

[Bread and Circus]

2. 2 things...

1.) Rich people actually pay the preponderance of taxes.

2.) Even then, this bailout would really be paid by our children to a degree because we are going to have to borrow the money to make the payments. We already operate at a budget deficit.

I don't disagree with you that this stinks. However, this might be a lesser of two evils thing.

[jpgray]

3. I hope you don't use any credit and/or banks. Or have anything invested for retirement.

[Blarch]

4. I agree. Let it fall.

[Douglas Carpenter]

5. selling mattresses might be a good business worth considering

That will be safest place for people to keep their money if liquidity in the markets collapses. And that WILL happen and it WILL happen soon if a bailout in some form that will cost hundreds of billions of dollars does not go through.

There is no way the Democrats will back a bailout without certain conditions - and there is no way the Democrats will back it without the majority of Republicans including Sen. McCain backing it too

I trust you realize that the failure of a bailout deal will almost certainly mean the complete drying up of liquidity and thus the collapse of the economy producing a situation comparable to the depression of the 1930's.

Could this happen even with a bailout? Yes it could

But the bailout would buy time that hopefully could allow for markets to stabilize.

Without a bailout - liquidity will quickly dry up and the economy will quickly collapse.

The simple fact is - the massive decline in real estate equity values - has created a massive worldwide withdrawal from the credit markets - this created panic among the markets all over the world - thus triggering the failure of multiple banks and other insurance and investment institutions.

This massive withdraw of credit - removes financial liquidity from the markets and will - basically cause the economy to grind to a halt.

Could this happen anyway even with the bailout? Yes it could. But this buys some time and gives the chance for markets to stabilize.

If you simply don't want to understand the situation. Then nothing can force you to.

I am not supporting the bailout as a supporter of Wall Street. I got rid of my stocks a long, long time ago. I say this as someone who does not want to see a depression. I say this as a lifelong democratic-socialist who believes humanity is more important than ideology.

[Orsino]

6. How about for responsible home buyers? n/t

[krkaufman]

7. Hoover similarly opted to do nothing in the face of imminent financial collapse.

If the crisis is real, something needs to be done to mitigate the damage in advance. And punitive measures need to be taken, in parallel, against those responsible for creating the problem -- starting with the election in November.