How to Punish Wall Street, Protect Main Street

Reader Comments
Back to blog

the ones in trouble are the people ... struggling .. if the government can hand out this kind of money to the people who are raping us, why not take some of that money and help us ??? why is a single mom working two jobs to survive and the outragiously rich getting richer ??? as the previous writer wrote .. come on, people !!

irene of NY 5:34AM October 07, 2008

I forgot to ask you of Florida. Is there anything that you disagree with on my subject. ( US AMERICANS HAVE BEEN SOLD OUT TO WALL STREET GREED)

Doug of OH 12:34AM October 04, 2008

I could not find this article. Maybe you could tell me some about it.

Doug of OH 12:27AM October 04, 2008

I suggest you read the Boston Globe artical found http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fin...

of FL 3:28PM October 03, 2008

NAFTA + CAFTA = 0 JOBS = NO ECONOMY = D I S A S T E R Bailout or No Bailout!!!!!!!!!!!!! Ronald Reagon Started The FREE TRADE IDEA: REAGONOMICS Bill Clinton signed the NAFTA(Free Trade With Mexico + Canada) Free Trade Agreement so that the REPUBLICANS would PASS the BRADY BILL. George W. Bush signed the CAFTA(Free Trade With ALL THIRD WORLD COUNTRIES China is One of Them) Free Trade Agreement FOR GREEDY WALL STREET!!! DEFINATELY NOT FOR US HARD WORKING AMERICANS!!!!!!!! And its US HARD WORKING AMERICANS LOSING ARE JOBS TO FOREIGNERS! WE CAN NOT COMPETE WITH CHILD LABOR ETC. WE used to be able to pay our mortgages bills etc. But when CEO's want to please GREEDY WALL STREET THEY TAKE OUR JOBS AND SEND THEM TO THIRD WORLD COUNTRIES!!!!!!! So these AMERICANS, that LOST THEIR JOBS And could not make their payments anymore, SHOULD BE TOP PRIORITY ON THIS SO CALLED BAILOUT!!!!!!!!!!!!!!!!!!!!!!!!

Doug of OH 12:59AM October 02, 2008

ABB, Ltd, a huge global conglomerate in Zurich Switzerland after a devastating drop in company profits required two of their retiring execs to repay money they took from the company upon leaving.
"In 2002 ABB asked Goren Lindahl, the company's former chief executive, to return some of his $50 million retirement pay, which its board called excessive. ABB also asked its former chairman Percy Barnevik to pay back part of his $87 million pension package. The size of the pensions was disclosed at the same time as ABB's huge $691 million net loss for 2001 made headlines and drew sharp criticism in Switzerland and Sweden."
That is exactly what needs to be done to these corrupt, or just plain incompetent, CEOs of the failed Wall Street firms, Freddie Mac, Fanni Mae (ad nauseum). They took money under "false pretenses" as they were hired to run a profitable business and to protect the interests of their shareholders and their customers...of which they completely failed to do. They should be indicted for fraud.

LG Hoover of OH 8:36PM October 01, 2008

I wonder if its possible to sue congress for mismanagement of public funds if they pass this bailout? Its obvious that the American public keeps telling them no. THere is no way they coul claim to be acting in our best interest if they are not even listening to what those interest are.

MET9 of CT 2:09PM October 01, 2008

That's the REAL question. But I think I like the idea of Fed loan sharks even better, it's not as messy. The greedy fat cats should understand that completely. But Congress doesn't have the guts.
I for one am not convinced of "mutual assured destruction" if the bailout doesn't happen. I'd also like to see the "invisible hand of the market" really allowed to work here, if only to slap those who keep insisting on it. Save the billions for social programs when Wall Street proves that it's piratical behavior and well-disguised thievery were NOT in our best interest.

Zach of NY 12:40PM October 01, 2008

I agree with you regarding the Bailout. Now it's being coined as a rescue. How stupid do these people think we are? What really gripes is the Paulson involvement. You talk about the fox garding the hen house, this is it. This guy has deceived the American People since day one. We have it under control and here we are. Something should be done about the moral hazard issue and the bailout doesn't address it one bit and until it does I am not going for it. They better get it right or there will be a lot of new faces in the House
of Representatives next year and Congress when there time comes.

Richard Fosnaugh of TX 12:11PM October 01, 2008

Why don't we jack up the interest the loans to these banks to 30% a year, just like they do to us when we miss a credit card payment and charge them a $30 million over-limit fee.

Jeff of FL 11:41AM October 01, 2008