EDITORIAL: No bailout

This Washington Times editorial is dead on. This bailout is a really bad idea. Even a liberal Democrat like me can agree with the Times on this issue.

My sentiments exactly. As any American with even a rudimentary education can see, this is not free-market capitalism. It's only because these companies are big political donors that we're even discussing this craziness. NO BAILOUT! I also agree that McCain must take a stand against this. Bad debt is both the buyers and sellers problem. NOT OURS.

Each company that comes to get a bailout should be required to get the money from the bankers that made the bad loans / bad decisions in their own companies.

Interesting. Only McCain should take a stand on this. By default it is his problem? Is it because Obama made his stand already when he helped take down senate bill S-190 which was a bill to help regulate the Fannie Mac issues, could have prevented the trigger mechanism for the economic brown out and was cosponsored by John McCain.

After listening to the Senate hearings, you can bet the Democrat behind closed doors counter proposal will include three entities: 1) It will be less because it will be; 2) Selective - Democrat mainly bailouts and control; and 3) It will focus on class warfare; punish all the rich corporations The Democrats want to control the transition from a free market economy to a regulated market economy. Bush's plan was comprehensive, included all the failed businesses and left the control to the next congressional administration. The Democrats will push for a bill that gives them the advantage of controlling their interests regardless of who is elected. Allowing judges to change the payment terms on mortgages and Schumers suggestion on traunches were the key selection and control indicators. The $100 billion stimulus is just a reelection package of class warfare and does nothing to resolve the issues.

No bail out. If McCain supports this socialization of our country, he will lose.

I have no problem in giving the banks a loan secured as a floating charge against their assets, and on condition that they replace their entire board of directors, and that these directors are disqualified from sitting on the board of a financial institution ever again. Giving them the money free-gratis is another matter entirely. The government, if it takes over these bad loans, should also value all defaulted properties. Make a judgement on what their value will be at the bottom of the market, and offer them to the defaulters at that value, or just auction them to the highest bidder and credit the money received against the bail out. I appreciate that property values generally will suffer. However, this is the best way to get a recovery on its feet. Tough love is the best love.

No bailout

The ORIGINS of this banking catastrophe are Fannie Mae and Freddie Mac with their AFFIRMATIVE ACTION BANKING METHODS !!!!!!!!!! That is where we need to start the clean up, but the Congress is not warm to cleaning up their mess. Congress must investigate the two b-stard, mutated cesspools they created -Fannie Mae and Freddie Mac !!! Where is our Congress on investigating the collapse of the housing industry?? Where are the Senate and the House on commencing investigations of this collapse where the taxpayers are left with TRILLIONS of debt and housing fixers have made millions????? Where is the Congress on investigating Fannie Mae and Freddie Mac?

If they do this rediculous bail out, I say we join forces and get as many of them voted out of office as we can...both Republicans and Democrats. Our parties have been taken over...I begin to think these folks are some kind of aliens from outer space. They just don't listen and their judgement is just not there. NO BAIL OUT! I have emailed all my Representatives and Senators saying NO! I hear their email boxes are locking up and the phones are ringing off the hook. Let's melt them down!!

This bailout is utter madness. Bush's irresponability and Congress' complete cowardess have reached insane levels. The market can and should deal with these companies without the gov'ts intervention. If they are to go bankrupt then so be it. This would remove the poisonous debt from the finacial system and deleverage at the same time. This so called solution will perpetuate the problem. What a disgrace the Republicans are going along with this abomination. Anybody want to start a 3rd party?

No bailout? You guys are arguing from ideology, not reality. What about all the individual & group investors, the individual pensioners, the entities and other companies that have money or other financial interests tied up/related to these failed financials? You don't think they deserve a bailout? Do you think that these companies don't interact with uh, well, let's see, the global economy? Come on, this isn't just about CEOs getting their salaries! You don't let hundreds of billions of dollars just disappear from the global economic engine without hurting the average American (not to mention the rest of the world). You let the market "handle" this by letting everything come crashing down, and we'll ALL be hurting. Yes, this is a mess, and yes, those directly responsible MUST be punished, but we can not let the victims of this crisis needlessly suffer. I mean, come on, when an arsonist starts a fire in his apartment building, the other tenants don't just say, "Well, throw him in jail," and then continue living in that building as it burns, doing nothing!

No Bailout! It's wonderful to see the majority are against this greedfest. The mismanagement, needs to be sorted out in a free market,and in court ( prosecutions for fraud, and corruption ). Look out White collar criminals, it's time we took back America, and cleaned out the rats. Just because they got away with ripping us off with the price of gas, they must think they can cheat us again, and Americans are stupid. Well, We've been manipulated once too many times. Yes Wall Street, you have wakened a sleeping giant.

No bailout is GOOD. I am so SICK of hearing about the poor individual investors who have "diversified" mutual funds/stocks in their portfolios LOSING money and COMPLAINING. Wah, wah, wah. Get a clue. The stock market is LEGALIZED GAMBLING. It's the same as going to a casino and demanding 8-10% returns on a roulette wheel and crying when you don't get those returns. You took the risk. Now pay the price. You lost. Just like the casinos always make money in the end, so do the elite wall street types. You bought their "sales pitches" over the past 10 years to invest, invest, and invest. What could go wrong they'd say? And you all believed them like little sheep. And now that the bottom has fallen out, you want help from Uncle Sam for YOUR (yes YOUR) bad decisions to trust the markets would always be a "sure" thing. Fat chance. No bailout, so that everyone from the rich CEO's to the stupid individual investors can learn their lesson...live within their means (no credit) and stop GAMBLING their money on things they know nothing about...the markets.

http://www.cato.org/pubs/tbb/tbb-0508-25.pdf Don't give up. Look around, you are the majority! This bail out is not needed and is a huge global power grab. Alarmists revisit history on the failed efforts of government that caused the great depression misery. Different economic facts but same thesis government can only make things worse. Stay strong we have work to do as congress sneaks back into session this week.