Bank Bailout Is a Path to Nationalization

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Joke of the day(this for entertainment purposes only-is not real ,all made up )
The government should have created their own little bank using their own money. Bailout a bad bank? Really, oops you made a mistake and lost all your money ok I'll give some so you can stay in business o wait you are not lending, o come on go lend, what? you are still loosing money? o shoot well I tried …
If a government bank competes with the private sectors, the government would in turn give credit to everyone based on credit history....never give money to someone who can have a problem repaying for the loan and then all business will continue as usual(is called common sense). Mistakes will be paid for, there will be a lot of unemployment but.. The government along with their bank ,can create new jobs, such as research center to battle and cure aids, cancer etc, build even more houses so they are more affordable, hire people to work and create business not just here but all over the world and this would employ those who just recently lost their jobs, not all, but most. And always keep a eye on what they are doing, that's more jobs, different agencies, auditors(lots of them will be needed-think about all the jobs that will be created) everyone watching each other, so not one person has all the power and screws everything up, like it happens in companies and yes government agencies(sadly).
Bailing out auto industry and banks is not smart, why keep something alive if it will not create a profit, is called throwing money away. Instead, refinance people's homes based on what they are worth in the marketplace to some extent. There a re lots of people that purchased properties just to sell them back and helped with the creation of the bubble, they deserve to pay for that. It is a business, and business has risks, if it works out great if not they should pay for their mistakes/bad luck. No one is going to save the government if it fails to save economy. Is just going to be a long (10+years) and painful recovery.
The government should make the very basic needs available at a low cost: food, shelter (), healthcare
Cardiovascular disease...government-go spend more and more money and get those death numbers down, more research , better trained and better paid doctors, better healthcare, always shoot for improvement. Don't let people die because one company desires not to improve a not so good artificial heart valve because is good for business. Motivate the creation/further development and better products by offering more money for better equipment. Motive competition; don't just leave those decisions up to a company... k guys forget about improving the heart valve because is the best thing out there at this time and people still need them even if they will not get better and die, don’t let companies trade in the life for money market.
End of joke: I hope that the president’s plans work and that we can all get out of this recession, god bless America.

ojala of MA 11:59PM February 19, 2009

Wake up folks! The homebuyers who "lied" on their loan applications, had plenty of company in the form of a virtual army of so-called professionals. These were the myriad and sundry loan officers, underwrtiers, brokers, appraisers, agents, inspectors commercial and investment bankers, all of whom greedly skimmmed what they felt to be their due off the top of the house of cards that led to the housing debacle and the resulting recession. Sub-prime mortgages, ARMs and the like, were invented by these people, not by those who signed up for them. These instruments we sold to people by people who stood to make billions by selling them. Capitalism created both the supply and the demand, which is what capitalism always does. And now the capitalists, tail tucked between their legs, after hoarding billions in misbegotten gains, stands "hat in hand", but arrogant still, demanding that the very people they fleeced on the way up (the middle American taxpayer) to "bail them out, on the way down.
Will Smith

Will Smith of NV 2:17PM February 17, 2009

What does it take for the USA public to get upset? We merrily gritch, moan and then go about our day as, now quickly, our way of life accelerates into oblivion. THEN, you all will say "HOW DID THIS HAPPEN TO US?" WELL, IT HAPPENED AND IS HAPPENING BECAUSE you WILL NOT "STUDY" THE NEWS, "who" IS REALLY TELLING THE TRUTH? not BEING EMOTIONALLY TIED TO ONE SIDE OR THE OTHER, but SEEKING the TRUTH.This is real, dangerous and forever not correctable. Read the other side ... SEE if maybe they are telling the TRUTH?

Capt Bevo of FL 1:53PM January 26, 2009

The only thing that will change anything, is the influence of the people its engineered to affect. Political revolution, civil disobedience, and armed citzenry NOW! Should be the motto of this current generation. Powerful men, only want one thing... more power. The sooner you realize this, the sooner you will know who has your best interest in mind. www.seedfulmusic.com. Revolution through music.

Charlie of OK 2:14PM January 19, 2009

It is not enough to take over the debt off al the banks that are going under now While other banks are still making billions of $ each day.
I say nationalize all the banks and bring some profites back to the people who built the profits for the banks!

Volker of OR 8:38PM October 10, 2008

GET RID OF INTEREST PAYMENTS - PERIOD!
http://video.google.com/videoplay?docid=-9050474362583451279 MONEY AS DEBT
Now, ask yourself this question about our money structure: “Instead of printing money, and PAYING NO INTEREST, why does our government (federal, state, and local) borrow money and pay interest?” After all, they do have the power to pay their bills with the money they print. Why does our government pay interest on debt? What am I saying? Just one simple example, New York builds a toll road and the federal government says, “Here’s the cash to pay for it (I printed the cash you need last night) just pay me back out of your small tolls–no interest please.” Where’s the turnpike bonds, investment banks, etc. in this equation? Not quite like aid to a foreign country (because New York would pay the principal back out of fees collected).

David of NY 11:18AM October 09, 2008

The United States Government is capitalizing on a comprehensional failure of the human mind – the inability to fully grasp the magnitude of large numbers. Upon hearing numbers beyond a few thousand our brains interpret it as, “Wow, that’s a big number!” with no tangible image to relay exactly how big. So, let’s start with a One Dollar Bill. We can understand $1.00, right?
According to the United States treasury, a One Dollar Bill has a thickness of 0.0043 inches. One thousand One Dollar Bills would be one thousand times thicker -- 4.3 inches.
One million is one thousand thousands, so the thickness of $1,000,000 is 4300 inches. Converting to feet and this becomes 358.3 feet, an American football field.
One billion -- $1,000,000,000 is one thousand times thicker still or 358,333.3 feet. This is 67.866 miles, the driving distance from New York City to Milford CT.
One Trillion is one thousand billions – one trillion One Dollar Bills stacked one on top of another is 67,866 miles. This would circumnavigate the globe 2.73 times.
The proposed 700 Billion Dollar bailout alone would be a stack of One Dollar Bills stretching 47,506.2 miles, or 1.90 times around the globe.
A stack of One Dollar Bills totaling the current national debt cap of 10.6 trillion dollars would go around the equator 28.93 times. The proposed cap of 11.3 trillion dollars would go around 30.85 times.
Is creating a debt that is the equivalent of a stack of One Dollar Bills rounding planet 31 times a responsible act?

JP in USA of GA 11:15PM September 21, 2008

that when agents come to take your mortgaged house, you escort them out with your gun and tell the bankers who engineered this collapse you’ll see them at the gallows--political revolution, civil disobedience and armed citizenry now!

MG of PA 1:30AM September 20, 2008

WE VOTE THESE PEOPLE IN , AND THEY DO NOTHING THEY PROMISE ,WHAT WE ASK. WHAT HAPPEN TO GOVERMENT BY THE PEOPLE FOR THE PEOPLE?

DOUGLAS BURRILL of MD 8:24AM September 19, 2008

Yes, this may be happening. But we need to be sure it happens correctly. It is the fed itself that caused the problems by supporting, even promiting derivatives and other exotic investments. The investment banks, conduits, etc. screamed for more paper, and took anything the mortgage industry could give them. Liar's loans were not a secret. Everyone knew what was going on.
The Fed needs to be fully renationalized (run from and by Congress). Regardless of whose fault the problem is, the taxpayer is going to foot the bill to fix it. So we may as well go back the the constitutional formula and give the taxpayer (through representation) oversight of the process while it happens, not only after it crashes and he/she must open the wallet.
See a proposal at www.TakeBackTheFed.com.

Mark Wyatt of CA 7:02PM April 03, 2008