The Washington Times
  • Subscribe
  • Times News Services
  • RSS
  • Mobile Headlines
  • e-edition
  • E-MAIL ALERTS
  • REGISTER
  • LOG IN
  • E-MAIL ALERTS
  • WELCOME
  • Your Profile
  • Log Out
  • Front Page Image
  • Classifieds
  • Autos
  • Real Estate
  • Jobs
  • Special Sections
  • Customer Service
  • Home
  • News
  • Opinion
  • Sports
    • NFL
    • NBA/WNBA
    • MLB
    • NHL
    • Tennis
    • Golf
    • Motorsports
    • Soccer
    • NCAA
    • Olympics
    • Outdoors
    • Other
  • Culture
    • Home & Living
    • Family & Kids
    • Fashion
    • Food
    • Travel
    • Health
    • Washington Visitors
    • Books
    • Military History
    • Life
    • Auto
    • TV Listings
    • Movie Listings
    • Death Notices
    • Entertainment
  • Themes
  • Communities
  • Marketplace
    • Autos
    • Jobs
    • Real Estate
    • Classifieds
    • Shopping
    • Dining Out
    • Education
    • TWT Store
  • Videos
    • Two Guys
    • Birnbaum on Washington
    • Liz Glover
    • Amanda Carpenter
    • Morning Briefing
    • Documentaries
    • Joe Giganti
    • Video Game Minute
  • Podcasts
    • About Headlines
    • Audio and Radio
    • America's Morning News
  • National

    Justices weigh juveniles' life without parole

  • National

    Leadership changes at The Times

  • National

    Hood suspect earlier came under FBI scrutiny

  • National

    PRUDEN: Fatal reluctance to see evil

  • World

    Envoy: Europe relies on U.S. shield

  • National

    'Anti-vaccine' attitude hampers H1N1 effort

  • Business

    Sinking dollar fuels new gold rush

Home » News » Business

Wednesday, September 24, 2008

EDITORIAL: No bailout

Rate this story

Average 0.00
after 0 votes
Login or register to rate this story

  • Font Size -+
  • Print
  • Email
  • Comment
  • Tweet this!
  • Share
  • Article
  • Comments ()
  • Videos
Subscribe to this story's comments

ttolley

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.
Mark as offensive

wvobiwan

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.
Mark as offensive

flexfamily

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.
Mark as offensive

soxconn

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.
Mark as offensive

soxconn

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.
Mark as offensive

luluaz

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

petemurray

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.
Mark as offensive

gdspeedltaolcom

No bailout
Mark as offensive

nrb

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?
Mark as offensive

Tulsa

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!!
Mark as offensive

kc1

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?
Mark as offensive

ng2008

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!
Mark as offensive

karenc

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.
Mark as offensive

thetruth12

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.
Mark as offensive

Stewdog

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.
Mark as offensive
‹‹ previous12next ››

Post a comment

There are comments on this article, submit your opinion!

Please login or register to post a comment

Top Stories

Most Read

  1. KELLNER: New Apple mouse really is 'Magic'
  2. EXCLUSIVE: Rare virus poses new threat to troops
  3. Parents buying homes for kids at college
  4. EDITORIAL: Too scared to recognize terrorism
  5. Deer dies after leap into D.C. zoo lion exhibit
More Top Stories »
  1. Court refuses to halt sniper's execution
  2. Federal Reserve opposed as big bank savior by odd allies
  3. House OKs health reform bill
  4. Annandale man killed in hit-and-run
  5. Inside the Beltway

Most Shared

  1. KELLNER: New Apple mouse really is 'Magic'
  2. PRUDEN: Fatal reluctance to see evil
  3. Deer dies after leap into D.C. zoo lion exhibit
  4. EDITORIAL: Too scared to recognize terrorism
  5. EXCLUSIVE: Rare virus poses new threat to troops
More Top Stories »
  1. Defense nominee won't reveal potential conflicts
  2. 'Fuzzy math' could drive health bill cost higher
  3. Parents buying homes for kids at college
  4. Families of sniper victims reach settlement
  5. Sinking dollar fuels new gold rush

Most Commented

  1. EDITORIAL: Too scared to recognize terrorism
  2. House OKs health reform bill
  3. 'Fuzzy math' could drive health bill cost higher
  4. Army chief wary of backlash against Muslim soldiers
  5. Health bill faces roadblocks in Senate
More Top Stories »
  1. EDITORIAL: Mr. Obama, stay away from this wall
  2. Lieberman vows probe of Hood rampage
  3. Defense nominee won't reveal potential conflicts
  4. PRUDEN: Fatal reluctance to see evil
  5. Suspected Fort Hood shooter is awake, talking

Listen to Washington Times Radio

  • America's Morning News

    with John McCaslin and Melanie Morgan

Question of the day

D.C. sniper John Allen Muhammad is scheduled to die by lethal injection tonight. Do you believe in the death penalty?

Blogs & Columns

  • POTUS Notes

    New Dem talking point on Obama approval doesn't wash

  • The Back Story

    12 arrested at Pelosi's office

  • Belief Blog

    New Vatican constitution released

  • Out of Context

    Foods that might kill libido

  • Technology

    Facebook wins round against phishing spammer

  • On the Fly

    United lifts some 'award' blocking

  • Redskins 360

    No interest in Johnson

  • Tara's Two Cents

    On their way to summer vacation..

  • SNOBlog

    Beyond 'Woody'

Videos

Advertising Links
TWT Store
  • e-edition
  • Print Edition
  • Weekly Washington Times
TWT Affiliates
  • Middle East Times
  • Golf
  • UPI
  • Arbor Ballroom
  • Washington Times Global
  • About TWT
  • Press Room
  • F.A.Q.
  • Work for TWT
  • Advertise
  • Sponsors
  • Contact Us
  • Privacy Policy
  • Site Map

All site contents © Copyright 2009 The Washington Times, LLC.