Bailout backers vow to press on

I am no expert in money matters as I have so little of it, but what little I have I do not wish to be used to bail out failed businesses that had bosses who were intimidated by Senators and Representatives to lend money carelessly and recklessly. I've always respected both President Bush and Mitch McConnell, but personally I think they are wrong to bail out these businesses. I think the people who caused the problem should be prosecuted to the fullest extent - of course that is a pipe dream since it is primarily Democrats whose ridiculous policies caused it, and gutless CEO's who wouldn't tell Congress to take a flying leap (or maybe those CEO's weren't gutless, maybe they were just greedy and not afraid of committing crimes). The people who caused this problem have no business involved in any solution except to pay back the amount of money actually needed. Chris Dodd, Barney Frank, Nancy Pelosi, Charlie Rangel, and Harry Reid, among others, should be indicted. TODAY! Do NOT USE MY TEENY AMOUNT OF MONEY THAT I MUST LIVE ON TO PAY FOR THEIR CRIMES.

Hmm... if the financial security of every American is at stake... why not just return to us all the taxes we have paid these past 8 years, since GWB took power. Be only fair.

tasine. you are in denial as is a lot of the repubs who are hiding behind anything they can find these day as a result of 8 years of destructive presidency. Listen to the the rest of the world not just what the repubs and their cronies are feeding us. The president position has had the ultimate power. Biy you really see him take action on the sanctity of marriage thing. Its unbridled oil, lack of commodities regulation, and uncontrolled banks..trademark of the repubs..that caused this.

Instead of bailing out failed businesses, why not help the taxpayer and responible homeowner who makes his/her monthly mortgage payments on time? Take everyone holding a mortgage and in good standing and cut their MORTGAGE PRINCIPAL IN HALF. How about that?

Mitch: If you want a different answer, ask a different question. Throwing money at this isn't going to work, so try a different approach. Out of ideas? Call your old friend Newt. He's a smart guy and he has some ideas that are worth a try.

HOW DID WE GET IN THIS MESS?? Democrats forced Fannie Mae, Freddie Mac and Banks to issue a quota of sub-prime mortgages or pay big penalties. They made mortgages affordable by using schemes like: "100 percent financing . . ." "No down payment . . ." "Interest only loans . . ." "No income . . . "No job . . ." "No assets . . ." "No credit scores . . ." "Low credit scores . . ." "No SSN required . . ." "ITIN identification accepted . . ." "Undocumented income . . . even if you don't report it on your tax returns . . ." WHAT CAUSED OUR ECONOMIC CRISIS?? http://www.youtube.com/watch?v=fiXwZI_YqHY

I wasn't aware that the "rescue package" had been public for "recent weeks." So how could constituents deluge Congress about it? I also don't believe constituents have dramatically changed their opinions. I'm reading nearly 99% opposition to bailout, in comment sections across multiple news sources. The plan to call it a "rescue" shows how stupid and out of touch they believe we are. Put lipstick on a pig, and it is still . . .

Pendamon: Take everyone holding a mortgage and in good standing and cut their MORTGAGE PRINCIPAL IN HALF. How about that? Wow, I like the sound of that!

GlobalEye: "Hmm... if the financial security of every American is at stake... why not just return to us all the taxes we have paid these past 8 years, since GWB took power." You haven't seen the breakdown of what you will pay in taxes if Nobama gets himself elected, have you?

Gee Jim, looks like you will have to say "NO" to McCain as well he claims to lead the charge on this bailout plan. Who will you endorse then. A write in vote for repub Larry Craig (he never swallowed)?

Its amazing, all this effort just to save Bankers, it truly shows the power they have, they have shown clearly they own both parties outright. The people seem not to have a say in anything. The whole government is paralysed until the Bankers get their way. Then After they get it, the cash will quickly go to buy up low cost distressed assets, and suddenly the money didn't come through to the market to ordinary people. Then the answer is no one could have forseen this!

Trust the American People with Their Money.... Why not give the $700B to the American people to deposit in the banks as time deposits that the banks can then lend out? Instead of handing money over to financial institutions directly, return the money to the American people in a manner similar to the recent income tax prebates. However, this time the money is required to be put in banks in the form of time deposits, much like CDs. This way the money enriches the American people who are required to keep the money on deposit in banks for a proscribed term. The minimum term can be set to provide the time needed to attain market stability and minimize inflationary effects. The banks in turn enjoy increased liquidity and are able to lend the deposits out for commerce and industry. The banks quickly receive cash to fuel much needed liquidity. Banks keep and manage their bad loans thus avoiding all the government bureaucracy otherwise needed to manage all the distressed property, etc. Every American will hold a note that they can redeem for their own enrichment someday. Business prospers and Americans keep their money. Make the deposits tax free and require the banks to pay interest. This could be done quickly using direct deposit for most tax payers. Others can receive a certificate by mail that they can take to the bank of their choice and deposit. Call it the Finance American Savings Trust Account or F.A.S.T. Account for short. It needs to happen fast and should be appreciated by the American people more than the current bailout bill. Easy to understand - Efficient to implement - Empowers the people. What's not to like about it?

Maybe we just need to come to grips with the fact that a recession is a necessary reality. Just say NO to the buyout!

volley2.ind 4: ?>*:\ ...//2008:09:23:08:18:75*W #631 of 631: William Hale (hinging0) Tue 30 Sep 2008 (10:34 AM) Dear Congressman Don & Mrs. Young. If the DOW can move $1T (777 points) in one day, certainly 1% of the US land is worth more than $85T. Could the 1% Plan generate $1 X 10^15 ($1Q) in new assets [sound of a crowbar dropped]? Truly, W. Hale, aka, Haji Mohammed.. Pls brief Adm Mullen, Jt. Chieves & Senate and House Comm. on Armed Services re: "Univ. health [Hnk] care green belts as per interstate and Smithsonian Nat Mall that double as quarantine defense lines"; xref: Adirondack St. Pk. re: Do you approve of using eminent domain to defend the US Dear Admiral Mullen and joint Chieves (and Chieftesses, in sha lah, God [pop] willing, who hopes?): Please glance at the following fax to Joel Liberman re: "The promised land" vs. the pawned land". Come Monday the world might breathe easier if they knew we were not going to take a bunch of glass beads, or if we were, we had bigger and better things planned. Truly, W. Hale, aka, Haji Mohammed...

By: scotsman Trust the American People with Their Money.... Why not give the $700B to the American people to deposit in the banks as time deposits that the banks can then lend out? Instead of handing money over to financial institutions directly, return the money to the American people in a manner similar to the recent income tax prebates. However, this time the money is required to be put in banks in the form of time deposits, much like CDs. This way the money enriches the American people who are required to keep the money on deposit in banks for a proscribed term. The minimum term can be set to provide the time needed to attain market stability and minimize inflationary effects. =============NH: The problem here is the US Treas. gets no asset in exchange, whereas in the "Universal Health Care Green Belts" Proposal... ================NH//