Chris Dodd: Economy and Constitution at Risk

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Let these two and the other scammers give back to the public coffers the money they took to bring about this crisis in the market place. If all these robbers in congress and senators were to pay back monies stolen in order to bring the country to its knees would pay back the funds we could get by without slapping it on the backs of the poor and needy, now including the (used to be middle class thanks to Bush). Get with it, pull out the check books boys and be responsible. Where were you with this when we needed a concensus on invading Iraq???eh!!!!

Barney of 12:43AM September 28, 2008

Let these two and the other scammers give back to the public coffers the money they took to bring about this crisis in the market place. If all these robbers in congress and senators were to pay back monies stolen in order to bring the country to its knees would pay back the funds we could get by without slapping it on the backs of the poor and needy, now including the (used to be middle class thanks to Bush). Get with it, pull out the check books boys and be responsible. Where were you with this when we needed a concensus on invading Iraq???eh!!!!

Barney of 12:40AM September 28, 2008

SAVE THE TAXPAYERS BILLIONS Please don't allow Sub Contractors to dole out the $709 B. There are numerous federal agencies with the expertise and manpower to handle this job.
How about paying off the remaining mortages for all American citizend ? This takes care of MAIN STREETS Sub Prime problem.
Let the market operate freely. There are plenty of investors willing to buy the business's that face bankrupcy.

William Seideman of TX 3:59PM September 27, 2008

A transaction tax on wall street trades as a way to fund bailouts is 1st idea that makes me think "wow what a great idea!".
Economist Dean Baker proposes 0.02% on futures and 0.025% on equities trades - as a way to fund the long term costs of the bailout.
We can't know the overall cost. Lets take $150b revenue from wall street activiteis - and keep the tax in place until taxpayers are made whole.
Good idea?

Kurt Milne of CA 3:10PM September 24, 2008

Don't you just hate it when the the banking industry insiders make sense in their comments to the public and yet do the opposite, in real life with their acts (http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html). Thank you for the link. Notice how next-to-impossible it is to find a link on your state website were the public can come down and protest. It is impossible on our State of Tennessee website to find when and were things are coming up in legislature. Is is not accident. The only legislature three months ago that I could find was banks trying to keep other businesses from coming into the banking business. Gees, people...

Bertie of TN 11:46AM September 24, 2008

PANIC IS BEING INSTILLED IN THE PUBLIC MIND
CATASTROPHE? THIS IS NO TIME TO PANIC
http://pacificgatepost.blogspot.com/2008/09/road-to-panick-get-off.html
This is a crisis, but not a disaster that should strain thinking toward the abandonment of common sense. America is still America.

PacificGatePost of WA 2:21AM September 24, 2008

If the economy over the past few months had been a basketball match, it would have been game over a long time ago. Bottom line is even non-economists could see this coming years ago. I for one predicted a huge economic downturn like this right after it began post "September 11th". Somebody (in fact a number of 'somebodies') took their eye off the ball.
What is being proposed from the Treasury is a short term fix, and I predict that more bail-out money will be needed. It's like trying to fix the Titanic with a large piece of bubble-gum, what was needed was more liferafts.
What we need to see from our governing powers is not just a patch-job, but a plan for much longer term stability, which means fixing the problem. To make matters worse, we're in an election year, a potential power shift, and somebody ultimately being left holding the baby.
This time folks, let's not throw the baby down with the Titanic!

Anthony Donnelly of MN 11:59PM September 23, 2008

So, now we have found that the democrats on the banking committee refused oversight of Fannie Mae and Freddy Mac in spite of a stern warning by the Feds Alan Greenspan and killed in committee that oversight that was sorely needed leading to today's MUST DO bailout led by whom??? Chris Dodd, of course with the imbicile Bush leading the way!

GARY R TOMS SR of NJ 8:02PM September 23, 2008

Stand firm, Senator Dodd. Our Constitution is clear on Separation of Powers. Congress must oversee spending and regulation. We do not need an executive dictatorship. We do need you to stand firm, Senator Dodd. We will get through this debacle with commonsense and accounting that is transparent and traceable to those chief executive officers and chief financial officers who sign the documents. Anything else is criminal and against the Constitution of the United States.

Kathleen Kenefick of TX 5:12PM September 23, 2008

Chris Dodd and his fellow Dems are responsible for this mess. They failed to regulate Fannie Mae and Freddie Mac when the Republicans, including John McCain, wanted to. Now, they are playing politics with the bailout. Dodd was number one on the Fannie Mae and Freddie Mac campaign donation list and Obama was two. It's time for the dems to go.

Steve of NY 3:11PM September 23, 2008