Thanks for leaving me exactly where I was if not worse zoo.

Actually no, the FDIC?  Remember?  Besides,so far it has not been banks, but brokerage houses (indeed Banks are eating them up).  So the bailout is not about banks.  And the bailout would not be helping "people" but bad businesses (they business is losing their money, not the entrusted client money).

And that is as insulting, condescending and stupid as I have seen.  As the old saying goes, you may be thought a fool, but you dont have to open your mouth and prove the point.

For the record, neither I nor any of my siblings, cousins or children used the military for college money.  We took another route - we worked for it!  I know that is very surprising to a "I want it nooooowwwww" liberal mentality, but it still occurs when people want to be proud of their accomplishments, and not condescend other's life decisions.

Disclaimer:  "worked for it" is not meant to imply the GIs do not, only that there is more than one job in the world.

As much as I hate the thought of it, I think the bailout is needed. These firms have their tentacles woven into the entire fabric of the economy. Not just investments but jobs are at stake. But I don't feel money should just be thrown at this either. The gov. should take control of the assets (properties and interests) hold them, and then sell (liquidate) them when it can make the difference up. At least the taxpayer (hopefully) will get something for their money in the future. I do not like the creation of increased bureaucracy, but it looks like no other choice here. Also fix the problem to prevent it happening again and no rewards for the trouble makers. Sounds simple, but it isn't I know.

Let's keep in mind that this is something almost everyone believes is necessary while not exactly wanting to. Let's face the reality that everyone has their hands dirty on this one, we can't really say with out a doubt either Republicans or Democrats are fully responsible for this. Greed does not have a party affiliation.

This was a major mistake, and as humans, is not a surprise to be honest. So I think rather than pointing fingers at something that already happened, is impossible to reverse and that this finger pointing will do no good at the moment, we should be focusing on how to fix it (the best possible way), how to avoid this repeating and making sure no one truly benefits from this.

This is a real problem, not some minor situation that should make or break a party. This is everyones fault. plain and simple.

This is a mentality that certainly crosses party lines

Obviously not, it's their money after all. Well, the ones who actually pay taxes anyways. But when I say "almost everyone", I am talking about those who will vote on this. This decision is not an issue that us Americans will have a say in. This will be decided by politicians, regardless how much outcry there is because after all, we appointed them up there to do this for us, otherwise what would be the point of having Senators and Congress men if we could od the job ourselves?

Evereyone every time someone points the finger at who's to blame. This has become a political circus in a way, the way they are playing with other peoples money. This is politics at it's best, nothing but pointing fingers and placing blame. they can't even agree on how to resolve one of the greatest issues ever faced by this nation. Instead, they bicker as usual.

Talk about optimism. I never said the bailout is the solution. I said we should focus on fixing the problem meaning we need to find a solution whether it's bailing them out, lending them the money and make sure they pay it back when all is well or simply letting them rott in their own greed. Either way we have a problem and crying about what is being done while not providing a better solution is wasting time and not resolving anything. Again, they need to try anything and everything they can if they believe this could be a major disaster if nothing is done. hell, even McCain is proposing a different idea, all while Obama is concerned with the debate.

It's everyones fault. Those who bought houses they couldn't afford, those who gave them the loads regardless if they could afford it or not, those who gave insurance for all of this, those who knew this would happen but were more concerned with making as much money as possible before it all collapsed and even the average citizen is responsible for not making it their business to educate themselves and not pushing our reps to do something about it. Besides, it's not like this is coming from everyones pocket. ost taxes come from higher income earners and if it's up to Obama, it will come from 5% of the tax payer population, so in reality only those who actually pay taxes will be the ones having their money used unfairly. But hey, everyone here is now an economic expert right? All of a sudden, everyone has na answer on this site. Why the hell you all here with the naswer and not in DC trying to resolve this?

NO, it falls on the democrats.  WHo blocked attempts at reform at every turn.  Now it has come back to haunt them.  But like all in "Newspeak" they will vilify wall street and the sheeple will bleat their contentment.

It was actually specific democrats and republicans who do not know the difference between over and under regulation, specific republicans and democrats who were being pressured by lobbyists and either did not know enough about the issue or were more concerned with campaign contributions to be able to make a good decision.

Some saw the problem a long time ago others didn't. Some who helped create the problem tried to fix it along the way and others didn't. Most of them now see the problem....some of them are trying to fix it, some of them are trying to hide their prior ignorance, some are trying to hide their shady involvement, and most are still manipulating the issue to try to get reelected.

Oh really? Show the exact legislation would you please. You might as well add Dodd since much of what he has "advocated" is nonsense also. But be careful if you are referring to Fannie/Freddie. They are not the root cause of the problem, merely a symptom.

Wow....pretty good distortion of the facts...or maybe just abusing the timeline and facts to make it look like it was partisan thing. Fannie and Freddie were giving contributions to almost every member of the house and senate. The house bill failed to pass in a Republican controlled congress. The senate bill was first shelved during a Republican controlled Senate.

http://www.allbusiness.com/government/532756-1.html

Here's a decent article that explains how these two bills went back and forth. Two sides unwilling to budge an inch either way.

The Hagel bill which was co sponsored by McCain was a better bill, yet it never even made it to the floor.

Then when you go on to the next round of bills in 2007 its the same shit over and over. Neither party willing to budge an inch.

Get it into your thick skulls.....This is both parties screwing us not just one.

In any case the GSA's did not cause the problem. They were regulated in the amount of sub prime mortgages they could hold. The problems are the subprime mortgages most of which have been made through the investment banking industry. 80% of these mortgages are subprime and are what is wrapped into the mbs's and cds's that are causing the current credit crunch....CDS CREDIT DEFAULT SWAP.   In otherwords the investment banks made mbs derivatives out of subprime loans had the rating agencies put AAA on them and then they packed them into the mutual funds and investments of unwary investors. They were also packaged as CDS Rated AAA and traded on the market into hedge funds and also to Corps like AIG to hedge their main businesses. The investment banks have failed because they can no longer sell them. AIG failed because they cannot sell them to get cash to pay off claims(most likely from the the last two hurricanes) and so on and so forth.

So I hope you checked all your investments because these assholes both Dems and Reps are about to finish off the demolition.

The bailout will simply drive us further into debt, allow these corrupt companies to continue their poor practices, and ignite inflation.  No more privatizing profits and socializing costs, let's take the bump on the head and keep going.

I guess that is your only defense now (and if you are an independent, you sure are sensitive to democrat criticism).  WHen you cannot deny the facts, say they are distorted.  Want to go to the congressional record?  You will lose.