tag:blogger.com,1999:blog-21123853.post3264212813102075807..comments2024-02-12T04:30:53.556-05:00Comments on Tim White Listens: A bailout for banks on Wall Street and mansions on Main StreetTim Whitehttp://www.blogger.com/profile/16588518063096822071noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-21123853.post-84699176533661650292008-09-30T10:53:00.000-04:002008-09-30T10:53:00.000-04:00.....what will they say thenThey will say that the........what will they say then<BR/><BR/>They will say that the bill just didn't fit with everything that they believed. They were trying to protect the taxpayer, bla bla bla.<BR/>They always have an excuse for doing nothing and they get paid 168,000 a year. It's just a matter of keeping their jobs and they just don't care about anything else.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-16194803224161622012008-09-30T10:11:00.000-04:002008-09-30T10:11:00.000-04:00A bill will be passed. Just not the first one thro...A bill will be passed. Just not the first one thrown over the wall.<BR/><BR/>The Patriot Act was passed quickly and with little review. There's all sorts of obnoxious things stuffed in there.<BR/><BR/>Bush was given a blank check for Iraq as well, and look how that's turned out.<BR/><BR/>No. Administrations should never be given blank checks, not without sincere and strong safeguards, but this administration in particular has proven it cannot be trusted and has no credibility when it cries "wolf!"<BR/><BR/>I'm for taking the pain now and passing a bill that will work for the greater good of the nation, not just some high-rollers whose bets busted.Chipmakerhttps://www.blogger.com/profile/06407470289156387654noreply@blogger.comtag:blogger.com,1999:blog-21123853.post-13692584780128616952008-09-29T22:42:00.000-04:002008-09-29T22:42:00.000-04:00One more thing....when a building is starting to b...One more thing....when a building is starting to burn, you dont sit there and discuss who was at fault or wether is more cost efficient to use water or chemical retardent. You grad whichever one is closest and will do the job and put the damn fire out. Is that concept so hard for these selfish corrupt politicians to understand?<BR/><BR/>When they dont pass a bil quickly and the economy start to completely unravel and jobs are lost.....what will they say then....oh its the dems fault, the GOP fault.....lots of god that will do. Pass a bill you corrupt slime bags.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-71858610896777712432008-09-29T22:39:00.000-04:002008-09-29T22:39:00.000-04:00This isnt just about Wall Street, that is a short ...This isnt just about Wall Street, that is a short sightedview of the problem. this is directly abotu the credit markets. Failure to pass the bill is goign to have potentially devastating affect on the credit markets which affects everyone from homeowners, to small business owners. Was it a perfect bill, no. But it was a bill good enought to address the urgent issue at hand. Voting against it was pure politics and not in the interest of the american people. The GOP congress voting against it, blew it. I have been a life long republican until today. I have had it. The Bush adminsitration first plunged us into a trillion dollar disaster in Iraq, now under its watch we have this mess. And today they cant put their own blind self interests aside and vote for the darn bill.<BR/><BR/>John McCain and the GOP lost my vote....I am done. I have had enough of this crap. I am voting democrat straight down the line this november. They damn wel better pass a bill this week before they collapse the economy.<BR/><BR/>This adminsitration will go down as the worst in American history.<BR/><BR/>ADBAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-64056524206962216652008-09-29T21:37:00.000-04:002008-09-29T21:37:00.000-04:00on the flipside, they inflate the currency and the...on the flipside, they inflate the currency and the dollar devalues.<BR/><BR/>When the market settles a bit... who knows where the cost of oil / gasoline will be?<BR/><BR/>The potential collapse of the dollar is a higher priority for me than the likely continued fall of the DJIA.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-18716863121386567892008-09-29T21:32:00.000-04:002008-09-29T21:32:00.000-04:00even you will suffer greatly.My 401k was about $70...<I>even you will suffer greatly.</I><BR/><BR/>My 401k was about $70k at June 30. And it gets revalued tomorrow... I'm not expecting good things in the market tomorrow or in my 401k statement in a few weeks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-7840086646997803052008-09-29T19:46:00.000-04:002008-09-29T19:46:00.000-04:00People should not spend what they don't have. It w...People should not spend what they don't have. It works. This includes our government. As far as this mess goes it bad and it will need cool smart heads to get us out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-65837476436880227632008-09-29T18:28:00.000-04:002008-09-29T18:28:00.000-04:00I strongly believe that a return to sound money wo...I strongly believe that a return to sound money would reduce the fear and restore confidence... and in the long run, it's the only thing that'll restore confidence.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-83148281924884307722008-09-29T18:26:00.000-04:002008-09-29T18:26:00.000-04:00market down 700 points Tim....that is part of the ...<I>market down 700 points Tim....that is part of the reason you spend the 700 billion....people are panicking</I><BR/><BR/>IMO, the issue is "confidence." But printing more money (increasing credit) doesn't address the root cause - a lack of confidence in the US Dollar. That's why I emailed our three reps nine days ago and suggested a compromise that would restore "confidence." The compromise is <I>sound money.</I><BR/><BR/>Even Greenspan questions the long term viability of fiat money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-21700217929357748722008-09-29T15:58:00.000-04:002008-09-29T15:58:00.000-04:00You can come up with a lot of reasons of how this ...You can come up with a lot of reasons of how this happened and how so many people profited from it, and say," screw them", if it makes you feel good, but it won't help country and it won't help you.<BR/><BR/>If a govt financial package is not passed and passed very soon, this country, the world and even you will suffer greatly. Right now the financial institutions are operating in a state of extreme fear that can bring our economy to a halt. What is needed is a solution to reduce the fear and help save the financial institutuions, Wall Strees and the businesses that provide jobs. <BR/>Right now, things can wind out of control and there will be no place to hide. <BR/><BR/>I think everyone should really set aside their emotions and support a plan to stop a melt down.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-59610608597036960882008-09-29T15:40:00.000-04:002008-09-29T15:40:00.000-04:00market down 700 points Tim....that is part of the ...market down 700 points Tim....that is part of the reason you spend the 700 billion....people are panickingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-90806642861149638012008-09-29T07:03:00.000-04:002008-09-29T07:03:00.000-04:00This is now how productive investing works:U.S. Se...This is now how productive investing works:<BR/><BR/>U.S. Senator $13 Million<BR/>Fed Bailout: $700 Billion<BR/><BR/>Pretty good ROI, I'd say<BR/><BR/>http://www.courant.com/news/politics/hc-dodd0929.artsep29,0,3321771.story?page=1Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-59806284956414279462008-09-29T00:14:00.000-04:002008-09-29T00:14:00.000-04:00700 billion......give each taxpayer a piece of tha...700 billion......give each taxpayer a piece of that and forget wall street and their irresponsible ways.....give me a break!!Anonymousnoreply@blogger.com