WHAT IF NO "BAIL OUT" GETS PASSED?

[HowardRoark]

Thank you conservatives...your policies are the magic touch!

I have had a busy weekend.....could you tell me what the polices are/were that caused this situation?

[Tyrone Bigguns]

Thank you conservatives...your policies are the magic touch!

I have had a busy weekend.....could you tell me what the polices are/were that caused this situation?

Dereg.

[HowardRoark]

Thank you conservatives...your policies are the magic touch!

I have had a busy weekend.....could you tell me what the polices are/were that caused this situation?

Dereg.

Thanks for he insight.

[Tyrone Bigguns]

Thank you conservatives...your policies are the magic touch!

I have had a busy weekend.....could you tell me what the polices are/were that caused this situation?

Dereg.

Thanks for he insight.

You are welcome.

If you prefer, you can just mail me your paycheck..and skip the gov't redistribution.

[HowardRoark]

Thank you conservatives...your policies are the magic touch!

I have had a busy weekend.....could you tell me what the polices are/were that caused this situation?

Dereg.

Thanks for he insight.

You are welcome.

If you prefer, you can just mail me your paycheck..and skip the gov't redistribution.

No. I have a plan. I will stop working every year once I earn 249,999.99. Maybe I'll buy a house in North Scottsdale....do you have that guy's number?

I hope the Gov't doesn't use force to make me keep working.

[Tyrone Bigguns]

Thank you conservatives...your policies are the magic touch!

I have had a busy weekend.....could you tell me what the polices are/were that caused this situation?

Dereg.

Thanks for he insight.

You are welcome.

If you prefer, you can just mail me your paycheck..and skip the gov't redistribution.

No. I have a plan. I will stop working every year once I earn 249,999.99. Maybe I'll buy a house in North Scottsdale....do you have that guy's number?

I hope the Gov't doesn't use force to make me keep working.

No, they wont' force to work, but let us know when you think that will happen...need to get you into the reeducation camp.

Guy: I wasnt' there. You can call any agent. Times are bad here.

[LL2]

Looks like another bank (wachovia) gets gobbled up.

[Freak Out]

Unfortunately it looks like were in for a financial Pearl Harbor but it was bound to happen considering how divided the house is. I'm ok with this as long as we end up with better legislation.

[GoPackGo]

Let these financial institutions choke on their own greed and mis-management.

Doesn't this bill sneak in a major transfer of power away from Congress and to the Executive Branch? If so, this being defeated may be a good idea, until they take their time and come up with a well thought-out bill.

I'm glad the bill did not pass. I will endure much hardship to ensure that my child and his peers do not have to have a 70% tax burden when they grow up. If that means I'm working two jobs and we stay in a trailer, so be it. For once, I'm grateful to the Republicans.

[Cheesehead Craig]

I love how each side says that the other is being partisan. The more things change...

[texaspackerbacker]

Let these financial institutions choke on their own greed and mis-management.

Doesn't this bill sneak in a major transfer of power away from Congress and to the Executive Branch? If so, this being defeated may be a good idea, until they take their time and come up with a well thought-out bill.

I'm glad the bill did not pass. I will endure much hardship to ensure that my child and his peers do not have to have a 70% tax burden when they grow up. If that means I'm working two jobs and we stay in a trailer, so be it. For once, I'm grateful to the Republicans.

You're right, GPG, it does--or more correctly, it would.

I honestly don't think very many people are going to endure much hardship, and if it does turn out that way, it will NOT be a natural consequence, but DELIBERATE RETRIBUTION from these Wall Street pigs who got right up to the trough, only to find that the goodies they had been promised weren't there.

[retailguy]

Similarly I'm also glad this failed. Seeing the partisanship on both sides is very telling. This is largely what this country has been reduced to. Much like the debates in here, they line up along partisan lines.

I'll adopt the Dave Ramsey view point. He wants to insure the loans, NOT purchase them. Also, a removal of the Capital Gains tax would immediately stimulate the economy. Could you imagine what would happen to all these unsold homes, if you told investors, you've got 5 years, or 7 years, or whatever - go make a profit.

We don't need to "borrow" 700 billion, lets just let those with the money do it. This government needs to reduce spending - ACROSS THE BOARD, not engage in more spending that we don't have.

[Freak Out]

There was no way this was going to pass. Everyone knew it.

[LL2]

It's all Obama's fault. Just ask PIP.

[GoPackGo]

Time to do nothing and let the free market do what it is supposed to do. ( long post/rant coming.. .you've been warned )

Ah, America... no faith at all in our own system... We always tout capitalism as being so awesome when things are good, but run and hide behind socialism when things go bad.

SOME companies will fail. They *should* they gambled and gambled big... so big that they want you to bail them out. WHY!?

Tell me how letting these banks fail will make Taco Bell stop selling food. Will it make Apple stop selling iPhones? Will it make Coal mines and Copper producers and Farmers and finished goods manufacturers fail? Absolutely not.

This problem only exists because of the made up numbers and made up portfolio loan packages that these banks have been selling to investment firms finally got soooo weak in their loan quality that they can't possibly stand up to the ridiculous numbers they said they would earn them. So of course no one's going to buy and they're stuck holding the banana.

Does that make the loans themselves worthless? NO. I just means they're going to lose money.

Well guess freaking what... one company's loss is another company's gain. That's the goddamn freemarket. Not one single one of these megabanks that have failed so far failed for wrong reasons. They *all* deserve to fail.

Why won't this cause further chaos for miiddle class america? Think about it... aren't you seeing foreclosures in your neighborhoods? Were you getting nervous that they seemed to be too many of them? Well, there's this magical point where there *are* too many of them.. and then something magical happens... the good fairy of the free market comes down and *bing* the supply drives the price down low enough that people with money to invest say "holy fuck... you've got a 2000 sq ft house in a middle class neighborhood going for $36K?"

and *gasp* the prices slowly drive back up to equilibrium. Now be keen and understand that the price may not go back to where it was before, but that's not because of anything bad.. that's because the price was way over inflated in the first fucking place.

The reason everyone is upset at all of this is that the POWER of this money is shifting. All the hedge fund managers and people who make a living at driving up false expectations are getting what they deserve and all the backers are crying in a corner because they know that someone ELSE will be buying up all these failed assets for pennies on the dollar because THEY were to greedy and thought their little magic could go on forever.