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Tell us what you think about the Bailouts

From the lens Bailout - The $700 Billion Wall Street Bailout, Bank Bailouts, Mortgage Bailout.

  • Easy Money Oct 10, 2010 @ 11:42 pm | delete
    You can't depend on the governement to bail you out. Sometimes, you need to take your financial situations into your own hands. Check out http://easymoneywithcraigslist.com for an easy, fool proof, real world way to take control of your own destiny, and make your own bailout.
  • anita Nov 24, 2008 @ 8:49 am | delete
    bailing out all of these companies is hog wash we are just enabling them to continue to do what they have been doing in the past. Bailing out will only help the greedy it will not help the everyday wroker that is struggling to make ends meet. If they really wanted to help the economy they would pay these mortgages off for these peolpe who are about to lose their homes that way the banks would have more money to leaned and the economy would pick up. It makes me sick that the governement will not make these companines accountable for their mistakes. They can take some of their bonuses and bail themselves out. Us poor taxpayers are tired of the little guy always beening the one to come to the rescue of these greedy idiots.
  • dchestnut Nov 14, 2008 @ 1:48 pm | delete
    Whether you support the bailout or not, it's just a band-aid over the root causes of high consumer debt, no savings and a decrease in aggregate income levels due to global outsourcing. Think about it. If the average consumer had a strong financial foundation of low debt and high savings, there would be no need for sub-prime mortgages and the other exotic financial products. So, the problem has to be addressed from ground-up, not from top down. Otherwise, regardless of the size of the bailout, the U.S. will be back in the same situation in a few years.
  • TBird Oct 9, 2008 @ 2:52 pm | delete
    Accountability is the major factor missing. Tax payers are being held accountable for paying taxes to help other countries, govt aide, provide SS for illigal immigrants, and now bail out financial institutions. How can it be justified that the average american be held accountable for bailing out a bank. These CEO's are not dumb people thats how they got the job, so they DID ABSOLUTELY know these people "trying to keep up with the Jones's" could not pay back these large mortgages when the rates increased but by extending these loans the banks bottom line looks better there for the CEO meets thier matrix and gets paid a lucrative bonus knowing the bank's and economy are at stake. The economy is now screwed due to CEO greed! I bought a home 1 year ago within my means now I have to bail out some yahoo that was arrogant enought to buy a house they couldnt afford plus pay back my own mortgage while the whole time the yahoo is living in a nicer home "now thats justice".
  • Oct 6, 2008 @ 9:48 am | delete
    Read Amos chapter 8:

    4- Hear this, O ye that swallow up the needy, even to make the poor of the land to fail,

    5- Saying, When will the new moon be gone, that we may sell corn? and the sabbath, that we may set forth wheat, making the ephah (bushel)small, and the shekel great, and falsifying the balances by deceit?

    6- That we may buy the poor for silver, and the needy for a pair of shoes; [yea], and sell the refuse of the wheat?

    Prophecy is unfolding before our eyes. Wake up people- the only "Bailout" that is needed is the Lord Jesus Christ in your life before it is too late!

    http://www.squidoo.com/propheciesforamerica

    American
  • FASpark Oct 1, 2008 @ 2:43 pm | delete
    We keep reading how the taxpayers are about to rescue the firms that made a bad gamble, but where are the CEO's of those firms who took home over $10M last year in salary? Why are they not footing the bill? You cannot tell me that Richard Fuld (CEO Lehman Bros.) should not be pitching in at least half of that $34M he made in 2007. The rest of the Executive Officiers and Board of Directors who supported all of his "misguided" decisions should also be throwing half of their salaries into the bailout fund.
  • seolenz Sep 30, 2008 @ 10:52 am | delete
    Jackclee - I think we have a winner! Accountability is one of the key aspects to the bail out bill that seems to be lacking. From the looks of things, those that voted against had political motivations to do so... In other words, they are scared that who they are representing, wont vote them back into office this November, should they support this monstrosity of a bill. The everyday American is thinking, "Why should I have to pay more taxes because some big wigs screwed the pooch?" Thats more of a question right now than "What is the Bailout?" It shows that Americans want accountability. The $20 Million that some executives from Washing Mutual received upon the seizure and buy-out make me sick.
  • jackclee Sep 30, 2008 @ 8:46 am | delete
    What is missing from the bailout plan?
    Accountability of those that caused it in the first place.
    Before any more tax money is spent, we need to find the people responsible and punish them severely. That's the only way to stop this going forward...
  • JanaMurray Sep 26, 2008 @ 7:19 pm | delete
    Let the market correct itself, recovery will be much faster... Check out The Newberry Doctrine, a solid solution from a "real" business expert. (I have no affiliate relationship with this entity.)
  • lrpeters Sep 22, 2008 @ 4:30 pm | delete
    Did you see the activity on the stock market today? As of right now the dow jones industrial has dropped almost 375 points. With the news of the big bailout, I'm curious to see where stocks will go once they get the big picture sorted out.
    Great lens as always, 5 out of 5 and added to my favs
  • A_RovingReporter Sep 21, 2008 @ 11:12 pm | delete
    I'm against bailouts in general. But given the unprecedented economic crisis, I just wonder if the bailouts were not there, it could lead to a free fall and plunge the global economies into chaos. What it important at this stage, I reckon, is to have a comprehensive review to find out the root causes of the current turmoil so that a stronger foundation can be built for a better economic future. I give this lens a five-star rating.

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