What do you think of the recent US government proposed bail outs?
by 
Phil in the Blank...backandtotheleft
ANSWERS: 9
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I am still a little confused:)
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I am flabbergasted. Just when I think I have heard it all, they come up with yet another boondoggle. What a crock. I hate that it is even being talked about.
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I think they are a national disgrace, and I hope the Democrats in Congress will 'grow a pair' (or borrow Hilary's...;-D) to demand some quid pro quo for the American people. The past 30 years has been a history of business and financial institutions engaging in risky behaviors, then counting on the American taxpayer to bail them out because they are "too big to fail". http://en.wikipedia.org/wiki/Too_big_to_fail To quote Barak Obama: "ENOUGH!" If AIG is being bailed out by the US taxpayers, then its function is NOT to 'maximize shareholder value'. Its function is to provide insurance to ALL AMERICANS at the lowest possible price. If a financial institution is 'too big to fail', it is TOO BIG TO EXIST. The spirit of the Sherman Anti-Trust Act needs to be revived and such institutions need to be broken up into smaller entities that CAN fail without dragging down the entire US economy. It's time to quit yammering about how the 'free market' will ultimately provide what society needs and insist that market participants actually provide what society needs, not get a cut for shoving money around to different pockets. . . .
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I would like to see some C-level employees and Board members go to jail. Anything less would reek of cronyism - on both sides of the aisle.
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We are socializing everythhing, we are printing monopoly money mark my words, can you say massive down slide.
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lenders that took on risky loans, then sold them should be doing jail time. their familys striped of everything they took from the people, and returned. 301 million people in the US, 700 billion debt(just this latest one) would mean everyone has to pitch in about 2,300 bucks to repay it.(including kids)
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Only if they bail out everyone and by that I mean they send the same amount to those that are making their mortgage payments and are not facing foreclosure as well as those that are failing! When these entities were making money they never shared any of it with the public at large why should the public offer a hand in return? Make the ones that have benefited pay back the money not the taxpayers! Some CEO's and CFO's are going to have to return a lot of bonuses,and face jail time with very stiff fines! Has anyone noticed that Barry O. hasn't said he was against bailouts?
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My answer is kind of in the form of a question. Why is the central government having to borrow money from the Federal Reserve which is neither federal or a reserve but a private lending corporation in violation of the Constitution of the USA, to bail out to substantually banks or other lending corporations under the dictatorship of the Federal Reserve? My primis is to inflate the current currency used in the USA out and replace it with the new Amerodollar which has already been printed and ready for distribution. We will be lucky to get 10 cents on the dollar when this happens and the FDIC will not have to replace the funds lost by the people. Which could not do so at a higher rate than maybe 2 or 3 cents on the dollar if there was a major bank failure and they had to pay off. Welcome to Unit #1 of the new world government. Maybe these can help explain my position on this: http://www.lovethetruth.com/federal_reserve.htm http://www.theforbiddenknowledge.com/hardtruth/uspresidentasmasons.htm There is much more information available if you take the time to look it up.
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A am pleased that it wasn't just ramrodded through without a lot of debate. The good thing is that Republicans and Democrates alike have put their two cents in and with luck come up with a viable plan.
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