The Bright Side of Bank Bailout 3.0

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fascinating conversation
You are right, it is exact
We will be glad to see you

oxintymibunty of AL 4:45PM May 10, 2010

is a bank good or bad thingg? explain

kimberly of FL 10:59AM February 04, 2010

Hello

elisioropiert of AL 3:12PM January 09, 2010

+1

soundtracks of AL 6:23AM July 17, 2009

My mother recieved 20.00 dollars extra from the government for ssi and had her foodstamps reduced 20.00 and now she has to pay 20.00 for her care giving from social services.
Thank you so much for the raise now my mother is out 20.00 dollars.
Next time think these wonderful raises out before handing them out.
AIG wow you really thought about that raise.....

Peggy of OR 8:51AM March 18, 2009

Im not an econimist. If the government would have sent the money to everyone, including childern, an equal cut of the bail out money, I would like to think the the vast majority would have paid off their mortgages, bought new cars, paid off credit cards, ect. So whith that being said would every one right now have stimulated the economy and we would be no where near the same mess that we are in right now. There would still be jobs. Tent cities would not be popping up all over the country. Then the FED would have made there money back also as instead of people not paying taxes, since they are out of work, the money would also go to them. Local tax athorities would also have the money run towns from the increase in sales tax ect. I know in Orange County Florida has had to cut $100,000,000 from its budget most of that is schools. The problem is still and always will be here untill the FED gets out of bed with the fraudulent banks and lobiest to begin with. Untill that happens it is only going to happen again. The new legistation for all of the lenders are mostly on the smaller players while the banks are getting few to none new rules and guidelines. All of them need to fail and a new system needs to be put in place instead of handing money to the crooks who started this mess. As I always belived in "Birds of a feather flock together" so the FED are crooks right along with the banks.

SIMPLE AMERICAN of FL 9:52AM March 12, 2009

Everyone is telling us government does not have a choice, it has to keep giving money to the banks.We need them, if they fail it will be dooms day!Wrong.We need an orderly system that would lend money to people/businesses to help revive the economy not an institution that takes tax payers money and gives it as bonus to its managers!For now this important activity must be done by government directly. Either nationalizing the banks or just start a new agency or government bank and fund it with the 700 billion available.Banks who got the first 350 billion must return it now.In 2-3 years once this government bank is up and running it can be sold to private sector again.There is no way to solve our problems using the same old banks who created it. Let them go!

majid jazayeri of CA 9:54AM February 14, 2009

We now near 11 Trillion dollars of national debt. Isn't the trillion dollars more we add on each year right now enough stimulus already? The US, from the government down to the consumer, has been gorging on deficit spending and now it is time to pay the piper and the only solution politician can come up with is more deficit spending. I have a seven year old son and every time I see new tax cuts, rebates and stimulus packages I can only think that he will have to pay for our immense appetite and unwillingness to live within our means either at a personal or government finance level.

Anthony Ladd of CA 1:35PM February 09, 2009

Peg bailout funds directly to consumer and business lending. Banks should receive $1000 in bailout funds for every $10,000 that they lend out. Simple. It gets money into our hands and restores proper ratio 10/1 of loan capitalization. Please forward to mr. geithner.

Tony D of OH 12:00PM February 09, 2009

OK but so are the people who took the loans.
Although I bet it sure felt great moving into that big, new, home in that upscale neighborhood.
People knew they couldn't afford those loans and still took them. I agree with letting the businesses/banks/etc fail but I don't want to pay for some loser's mortgage too. They should have known and did know that they couldn't afford a $500k house on a $30k annual income!
How about a little personal responsibility?

hElp! of DC 1:28PM February 05, 2009