The Bailout: New Details, 5 Key Questions

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Way to go Barrack!! Yet another solution, That throws Cubic Dollars", at the Mortgage Co, and its CEO/CFO,s Ill bet not one penny of the Billions will go one single family. How can a goverment that has a 15 Trillion +debt , find these billions of dollars??? I voted for Obama. because I was suckered into the hope that maybe?? This man would really do something to turn America around?? All hes done so far is throw parties, and Bailout Large Corporations, and waffle back and forth om Health Care, and seems to have forgotten the Million Dollar a Second War thats killing off our Troops , in a Worthless war we cant possible win , I am a Vet (US Nay Seabees ), and have two tours in RVN, With a son in the Army (A carrer Warrior), whos now on his 3rd tour of Afgahnastan!

Larry Castle of AZ 12:22PM November 14, 2009

Barack John
Left and rights of passage
Black and whites of youth
Who can face the knowledge
that the truth is not the truth?
Obsolete Absolute
Ron Ralph
Cruising under your radar
Watching from the satellites
Take a page from the red book
and keep them in your sights
Red alert Red alert

paul nader of IL 1:54PM October 04, 2008

The government works for we the people are there more of us on mainstreet than the wealthy theifs.If we the people of mainstreet just stay in our demenor Spent all we have on high fuel prices and are spent out.Mainstreet is broke and have been for a while.Mainstreet is taxed every hour of life.We on Mainstreet is really what is known as slavery. Mainstreetcan't spend and give profit to the rich.Mainstreet crisis is high fuel and retail prices with no wage increase to match rise.The USA and Congress is telling America will end if the rich do not profit with credit and intrest off of mainstreet. Newsflash Mainsteet just sit still for one year or so.Gas 2.25 and milk at 1.99 for our wages today.All news on TV is Bailout.Where was bailout mainstreet oil crisis.Come on America catch on.You can't beat them play their game. Step up to the plate.You are in slavery and we will be saving 18 cents a day to feed the children of America

Roy Johnson of SC 10:33PM October 03, 2008

Will any of the funds go to the stockholders of these institutions? Do any of the legislators hold stock in these institutions? The stocks should be deemed worthless and void before the bailout.

of NY 10:33AM October 03, 2008

Furthermore, I would say instead of bailing out if Washington start loaning banks and distribute the bail amount (700 billion) to 200 million taxpaying adult Americans this will boost economy way faster, people will be able to pay 5% down payments, it will speedup loan payoffs, eliminate debts faster and boost consumer spending which boosts economy VS bailing out will not benefit the middle class directly where as it will surely get fat pigs more fatter than ever and won't benefit average American households due to falling into the cracks. I wonder how a president gets elected if he doesn't know the basics of business management. Maybe the first requirement to be nominated as a president should be having an MBA from an accredited university.

FAyoob of TX 5:27PM October 02, 2008

I think middle class should not be responsible for banks' greed loaded policies. Banks should lower interest rates on new loans, eliminate 100% mortgage financing (should require at least 5% down payment)should eliminate extra fees & provide special refinance programs for bad credit or too much debt people who lost jobs or had work loss in during last 4 years and own a house but fearing cannot refinance due to credit and cannot pay adjustable loans this will stop further damage, will start new trend with healthy landing and eventually will get where it used to be 5-6 yrs ago. Somehow bailing out seems like rushing without thinking in an extreme manner where as the consequences can be very harmful and Washington needs some balance and not getting into quick fix schemes.

FAyoob of TX 5:03PM October 02, 2008

bailout is good for the economy and banking system
When US citizens stop getting their paychecks because their employers cannot get loans they will understand the need for the bailtout

Rich Giguere of CA 2:36PM October 02, 2008

This bill was written to bail the bad debt on Wall Street. We are forgoing the natural economic process, bank fails, some losses are absorbed by stocks, assets sold, and Federal Government takes portfolio and sells it, depositors insured. Now the US government is going to prepay bad debt at full absorbing all of the loss that has been generated by fiscally irresponsible banks.
Hard working Americans have been punished enough by this administration. We are faced with a higher cost of living, high energy prices, our jobs have been exported and now we are going to face a $110 billion deficit.
The rich will be fine, what about the working class? Will this be our future; Take a look at this http://www.BuyMyHouseBeforeTheBankTakesIt.com
Our economy is just as important as our national security. Its time that we address our economic policy, encourage domestic production, discourage outsourcing, and work together to fix America?

William of CT 2:32PM October 02, 2008

completely, absolutely, thoroughly laughable.

David of CO 10:39PM October 01, 2008

I have been watching the news, reading the news feeds and doing research..
No one has provided any hard core numbers that say this is what is going on in a somewhat direct manner…
He is what I have uncovered:
Banks have loaded themselves up with bad consumer (toxic debt) out of greed. Banks are afraid to lend to each other because they are afraid the other bank has more toxic debt than they do or they would not be borrowing from them and they may fail.. Because of this banks now have to seek other more secure ways of making money with the cash they are hording and the other secure way of doing this is short-term commercial papers (loans) to businesses with high credit ratings. This is going to create a pinch for the banks as they will pull in less money and there are currently 1700 of these commercial paper lenders so the competition is going to get tough, meaning banks will have to lower the interest rate they charge the business or create a fake crisis to justify increased interests rates charged to businesses. If they lower the interest rate and they cannot increase their consumer base on short-term loans they will not survive because they cannot generate enough short term cash.
Look at the below link from the Federal Reserve:
It is a spread sheet (csv) that has the interest rates charged to businesses over the last 200 + days you will see that currently they are higher in some categories but in comparison to other peeks they are still in a normal range of flux, indicating that banks are still making loans to credit worthy businesses and those businesses will continue to make payroll and etc due to banks lending to them.
http://www.federalreserve.gov/datadownload/Output.aspx?rel=CP&series=593ce926936cbd64b3c79b960a792b85&lastObs=270&from=&to=&filetype=csv&label=include&layout=seriescolumn&type=package
As long as the government is supporting a few big banks and keeping them a float short term loans will continue to be made
and we will continue or daily lives..
We do not need a bail out! !PERIOD!

NO BAIL SEND THEM TO JAIL! of TX 3:43PM October 01, 2008