Comments on: In the wake of the bailout, questions remain http://business.blogs.cnn.com/2008/09/20/in-the-wake-of-the-bailout-questions-remain/ Get to grips with the issues affecting world business Wed, 16 Dec 2009 20:43:39 +0000 http://wordpress.com/ hourly 1 By: Emile Barry http://business.blogs.cnn.com/2008/09/20/in-the-wake-of-the-bailout-questions-remain/#comment-3729 Emile Barry Wed, 01 Oct 2008 19:02:25 +0000 http://cnnibusiness.wordpress.com/?p=261#comment-3729 This bailout is nothing more than a last ditch effort by the Bush adminintration to reward their friends on wall street for their support over the last 8 years. Mr. Paulson should be incarserated for yelling financial armageddon "fire" in a theatre. They have succeded in frightening the population of sheep into believing that the world is about to end as we know it. Their media maching is in full gear in order to convince the frightened masses into going along with their agends. There have been alternative plans put foward by credible people which have been totally ignored because they are will not allow the Bush agenda to go foward the way the administration would like. Let the markets hold their breath till the election and put the bailout up via a referendum. If the markets crash and burn before then it will prove that the bailout would not have worked anyway. Threatening us with financial armageddon is nothing more than a Nazi gestabo tactic invented by Hering Gobels. This is exactly what they did in order to get the US into the Iraq war which by the way did not find any WMDs. It is time for the population of the US to show some backbone and incist the cowards in congress do the will of their constituents. This financial crisis has been contrived and compounded by a few top executives within the banking industry whom have put themselves and their greed before the country. They would rather sink the ship if they cannot have their way. The party is over. This bailout is nothing more than a last ditch effort by the Bush adminintration to reward their friends on wall street for their support over the last 8 years. Mr. Paulson should be incarserated for yelling financial armageddon "fire" in a theatre. They have succeded in frightening the population of sheep into believing that the world is about to end as we know it. Their media maching is in full gear in order to convince the frightened masses into going along with their agends. There have been alternative plans put foward by credible people which have been totally ignored because they are will not allow the Bush agenda to go foward the way the administration would like. Let the markets hold their breath till the election and put the bailout up via a referendum. If the markets crash and burn before then it will prove that the bailout would not have worked anyway. Threatening us with financial armageddon is nothing more than a Nazi gestabo tactic invented by Hering Gobels. This is exactly what they did in order to get the US into the Iraq war which by the way did not find any WMDs. It is time for the population of the US to show some backbone and incist the cowards in congress do the will of their constituents. This financial crisis has been contrived and compounded by a few top executives within the banking industry whom have put themselves and their greed before the country. They would rather sink the ship if they cannot have their way. The party is over.

]]> By: Dr. Rick Steele http://business.blogs.cnn.com/2008/09/20/in-the-wake-of-the-bailout-questions-remain/#comment-3171 Dr. Rick Steele Fri, 26 Sep 2008 08:08:22 +0000 http://cnnibusiness.wordpress.com/?p=261#comment-3171 The main problem they say, is the bottom falling out of the housing market in the US. Baloney. The main problem is the rampant and unchecked selling and reselling and re-reselling of assets, hedge funds and hedge funds on hedge funds. All of this is money generation with no basis in real value or work, all pure and unadulterated capitalism for capitalism's sake, money for money's sake and nothing else. This is the real problem and a very dangerous road, for when the bottom falls out of the hedge funds, real work and real value is threatened while the executives get richer. This is the problem that needs to be fixed, limiting the ability of capitalists to sell, resell and re-resell assets. If not checked, this will lead to an economy that has no basis in value, only an idea, and when the idea fails, the bubble bursts. No need to save these capitalists - they have sawed off the branch they are sitting on. Let them fall! Those with real value will not be hurt, only those with paper value with no basis in reality will be hurt. The main problem they say, is the bottom falling out of the housing market in the US. Baloney. The main problem is the rampant and unchecked selling and reselling and re-reselling of assets, hedge funds and hedge funds on hedge funds. All of this is money generation with no basis in real value or work, all pure and unadulterated capitalism for capitalism's sake, money for money's sake and nothing else. This is the real problem and a very dangerous road, for when the bottom falls out of the hedge funds, real work and real value is threatened while the executives get richer. This is the problem that needs to be fixed, limiting the ability of capitalists to sell, resell and re-resell assets. If not checked, this will lead to an economy that has no basis in value, only an idea, and when the idea fails, the bubble bursts. No need to save these capitalists – they have sawed off the branch they are sitting on. Let them fall! Those with real value will not be hurt, only those with paper value with no basis in reality will be hurt.

]]> By: Fred http://business.blogs.cnn.com/2008/09/20/in-the-wake-of-the-bailout-questions-remain/#comment-3161 Fred Fri, 26 Sep 2008 03:42:10 +0000 http://cnnibusiness.wordpress.com/?p=261#comment-3161 Who will be taking care of many people like me and my family whom are struggling with a ARM mortgage and trying to keep afloat. when I approached my bank(Wachovia) asking them to help me with refinancing my ARM which they have made over $40,000 extra interest off of and in process of this meltdown all my $200,000 equity is gone. They looked at my credit score 7.25 and never called me back even though I tried to reach Nikki(their representative) who I originally spoke to 8 weeks ago. It seems that they do not want to help anyone who is trying to stay afloat, so what is this no sense helping them with my tax money. The solution will be to get all the people ARM mortgages to its original price when the loans were signed off, make them fix 5 years 5.5 % interest only with 3 year increments of 1 point increase as long as they are own the house. No prepayment penalties. 3 point of the selling price profit goes to the banks if people sell their houses. Keep us in out houses, take our equity, but make the payments fair, so we can pay until we get this economy going again. I hope this make sense to someone. Banks make money using our money. It is only fair to have them work for us when we need them. Consider it a ship, reach or poor does not matter. we need to help eachother to get through this, so the big boys need to realize they better consider help people to stay afloat, otherwise they will go under with us. HELP, HELP those of us who are still trying to hold on with our teeth. We will be the next wave of run away trains heating the market, if you do not stop our problems NOW. Sorry to take your time, but if and only if we open our eyes and close the hole where the dam is leaking from, before we fix the villages below. Who will be taking care of many people like me and my family whom are struggling with a ARM mortgage and trying to keep afloat.

when I approached my bank(Wachovia) asking them to help me with refinancing my ARM which they have made over $40,000 extra interest off of and in process of this meltdown all my $200,000 equity is gone.

They looked at my credit score 7.25 and never called me back even though I tried to reach Nikki(their representative) who I originally spoke to 8 weeks ago.

It seems that they do not want to help anyone who is trying to stay afloat, so what is this no sense helping them with my tax money.

The solution will be to get all the people ARM mortgages to its original price when the loans were signed off, make them fix 5 years 5.5 % interest only with 3 year increments of 1 point increase as long as they are own the house. No prepayment penalties. 3 point of the selling price profit goes to the banks if people sell their houses.

Keep us in out houses, take our equity, but make the payments fair, so we can pay until we get this economy going again.

I hope this make sense to someone. Banks make money using our money. It is only fair to have them work for us when we need them.

Consider it a ship, reach or poor does not matter. we need to help eachother to get through this, so the big boys need to realize they better consider help people to stay afloat, otherwise they will go under with us.

HELP, HELP those of us who are still trying to hold on with our teeth. We will be the next wave of run away trains heating the market, if you do not stop our problems NOW.

Sorry to take your time, but if and only if we open our eyes and close the hole where the dam is leaking from, before we fix the villages below.

]]> By: Mike Anderson http://business.blogs.cnn.com/2008/09/20/in-the-wake-of-the-bailout-questions-remain/#comment-3159 Mike Anderson Fri, 26 Sep 2008 02:45:27 +0000 http://cnnibusiness.wordpress.com/?p=261#comment-3159 Why are the bank CEO’s not going to jail? The bailout comes to over $2,000.00 per person in the US. If I stole $2000.00 from a single individual I would go to jail and congress would care less. Granted the US financial system needs to be secured but someone needs to be held responsible. That would be the bank CEOs! Mike Anderson Why are the bank CEO’s not going to jail? The bailout comes to over $2,000.00 per person in the US. If I stole $2000.00 from a single individual I would go to jail and congress would care less. Granted the US financial system needs to be secured but someone needs to be held responsible. That would be the bank CEOs!

Mike Anderson

]]> By: nina http://business.blogs.cnn.com/2008/09/20/in-the-wake-of-the-bailout-questions-remain/#comment-3149 nina Fri, 26 Sep 2008 00:43:27 +0000 http://cnnibusiness.wordpress.com/?p=261#comment-3149 Dose any one see the two that caused this mess… boarders were opened to all immigrants so now we have illegal aliens taking jobs from American for $6 an hour and Americans losing their $20-30 an hour jobs and getting laid off because people are hiring cheep labor…. Hah… I wonder what happens when we have fewer jobs. Use some of the money to ship, bus, fly the illegal immigrants back… and we will see the economy pick up… as far as immigration is concerned why we don’t do the same thins as the Europeans do. Don’t people come in and visit unless they have assets and nice paying jobs that way we know they wont be taking our $6 an hour jobs. If they are coming to visit family members, let’s hold their family responsible for their welfare. That means if they stay illegally then they the family member should pay a $20,000.00 fine and get deported even if they are citizens… the other cause bankruptcy laws changed… lets go back to the way things were and create harsh punishments for abusers.. Like a 40 year jail time and we won’t see it get abused… Dose any one see the two that caused this mess… boarders were opened to all immigrants so now we have illegal aliens taking jobs from American for $6 an hour and Americans losing their $20-30 an hour jobs and getting laid off because people are hiring cheep labor…. Hah… I wonder what happens when we have fewer jobs. Use some of the money to ship, bus, fly the illegal immigrants back… and we will see the economy pick up… as far as immigration is concerned why we don’t do the same thins as the Europeans do. Don’t people come in and visit unless they have assets and nice paying jobs that way we know they wont be taking our $6 an hour jobs. If they are coming to visit family members, let’s hold their family responsible for their welfare. That means if they stay illegally then they the family member should pay a $20,000.00 fine and get deported even if they are citizens… the other cause bankruptcy laws changed… lets go back to the way things were and create harsh punishments for abusers.. Like a 40 year jail time and we won’t see it get abused…

]]> By: Keefe Haryett http://business.blogs.cnn.com/2008/09/20/in-the-wake-of-the-bailout-questions-remain/#comment-3141 Keefe Haryett Thu, 25 Sep 2008 21:57:00 +0000 http://cnnibusiness.wordpress.com/?p=261#comment-3141 As a Canadian I look at this bailout and I keep thinking about New Orleans and Galveston and all that storm damage south. and travailing in NOLA I saw very nice friendly people and saw the birth place of Blues and Rock and Jazz and the History of it all. As a nabber and as one I am concerned for them in the south and if the Feds can give a $700,000,000,000.00 bailout why can't they do the same for the storm damaged south and help the people that are loosing there homes by storms and mortgage foreclosures. It seems like the Feds are doing the same thing as some 3rd world countries. I just think its a shame that the dreams of so many are being shot down and the rich are being saved by this bailout. I just don't see why CNN does not see or talk about this in justus. I am just a caring nabber! Keefe Haryett As a Canadian I look at this bailout and I keep thinking about New Orleans and Galveston and all that storm damage south. and travailing in NOLA I saw very nice friendly people and saw the birth place of Blues and Rock and Jazz and the History of it all. As a nabber and as one I am concerned for them in the south and if the Feds can give a $700,000,000,000.00 bailout why can't they do the same for the storm damaged south and help the people that are loosing there homes by storms and mortgage foreclosures. It seems like the Feds are doing the same thing as some 3rd world countries. I just think its a shame that the dreams of so many are being shot down and the rich are being saved by this bailout. I just don't see why CNN does not see or talk about this in justus. I am just a caring nabber! Keefe Haryett

]]> By: mackawee http://business.blogs.cnn.com/2008/09/20/in-the-wake-of-the-bailout-questions-remain/#comment-3140 mackawee Thu, 25 Sep 2008 21:52:13 +0000 http://cnnibusiness.wordpress.com/?p=261#comment-3140 ofcourse no one like the idea of bailing Wall street. yet the consequeces of doing nothig is rather grave. Both Democrats and Republicans will decide the faith of this plan. For me I think that it is essential to concentrate on who will be a better leader to lead us out of this dire situation. We have just 40 days to decide. I can't believe that G.Bush has won the presidency not one but twice. Don't forget that he was chosen and we have to accept the conseqences ofcourse no one like the idea of bailing Wall street. yet the consequeces of doing nothig is rather grave. Both Democrats and Republicans will decide the faith of this plan. For me I think that it is essential to concentrate on who will be a better leader to lead us out of this dire situation. We have just 40 days to decide. I can't believe that G.Bush has won the presidency not one but twice. Don't forget that he was chosen and we have to accept the conseqences

]]> By: Kath http://business.blogs.cnn.com/2008/09/20/in-the-wake-of-the-bailout-questions-remain/#comment-3101 Kath Thu, 25 Sep 2008 19:14:43 +0000 http://cnnibusiness.wordpress.com/?p=261#comment-3101 Give homeowners a 3% FIXED interest rate, cost free. Banks need to take the reduction in interest rates in order to stabilize the market and HELP Americans stay in their homes. I keep hearing that this is what is important, if so why would't this work, it would cost tax payers less money and we would be helping ourselves which will help our country. If Americans could save their homes and AFFORD them, they would begin to spend money in the free market again. All of the 2nd mortgages should have never been given to consumers so I believe they banks will need to shoulder that burden, they enjoyed the profits now they should fell the loss of profits. Give homeowners a 3% FIXED interest rate, cost free. Banks need to take the reduction in interest rates in order to stabilize the market and HELP Americans stay in their homes. I keep hearing that this is what is important, if so why would't this work, it would cost tax payers less money and we would be helping ourselves which will help our country.
If Americans could save their homes and AFFORD them, they would begin to spend money in the free market again. All of the 2nd mortgages should have never been given to consumers so I believe they banks will need to shoulder that burden, they enjoyed the profits now they should fell the loss of profits.

]]> By: Friend http://business.blogs.cnn.com/2008/09/20/in-the-wake-of-the-bailout-questions-remain/#comment-3094 Friend Thu, 25 Sep 2008 19:03:07 +0000 http://cnnibusiness.wordpress.com/?p=261#comment-3094 We are on our way to a socialistic society. Let's stop all aid to all countries and concentrate on fixing our own! WAKE UP AMERICA! This bailout is being rushed for a reason, No one will beable to react quik enough to see the real agenda. The American people no longer have a foothold in today's political realm. We can call our congressman all day long but believe me, we will be ignored. The powers that be include both Presidential candidates,they have taken contributions from all parties included in bailout plan. We are on our way to a socialistic society. Let's stop all aid to all countries and concentrate on fixing our own! WAKE UP AMERICA!
This bailout is being rushed for a reason, No one will beable to react quik enough to see the real agenda. The American people no longer have a foothold in today's political realm. We can call our congressman all day long but believe me, we will be ignored.
The powers that be include both Presidential candidates,they have taken contributions from all parties included in bailout plan.

]]> By: Kath http://business.blogs.cnn.com/2008/09/20/in-the-wake-of-the-bailout-questions-remain/#comment-3092 Kath Thu, 25 Sep 2008 18:59:23 +0000 http://cnnibusiness.wordpress.com/?p=261#comment-3092 The media also need to take a break, they are causing consumer panic. The free makets need to run their course,reporters all have to much interest in market profits. We need to hear from MAIN STREET. WE need time, and what about our Secretary, of Treasury does't anyone find it strange he got out of Goldmans just in time to save it, I believe the coruption could be still in play. We must proceed with caution. The media also need to take a break, they are causing consumer panic. The free makets need to run their course,reporters all have to much interest in market profits. We need to hear from MAIN STREET.
WE need time, and what about our Secretary, of Treasury does't anyone find it strange he got out of Goldmans just in time to save it, I believe the coruption could be still in play. We must proceed with caution.

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