News-Record.com

The bail out is a big mistake and burden on the taxpayers just like the Savings and Loan bail out. People choose to live above their means and banks decided to loan them the money to do so.
When the bail out is complete as it will be the people that made millions will be allowed to keep it and we will pay for it. Let them lose,let the economy take a big hit and maybe Americans will learn you can not live the way the banks imply you can. For everything else there's Master Card is bull. Pay cash. If you don't have cash don't buy it.

There are two points that must be corrected. The first is the section which says this act is non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency places way too much power in one person. The second correction should limit the payout to the company executives $250,000 or less.

We are all paying the price because of greed. Many people got rich during the real estate bubble. I did not. Now, I and you are paying for the gains of others. Milk (maybe price fixed?) costs $3.99 or more a gallon!! CEO's of Freedie and Fannie screw up and walk away with millions? Save the economy but do not reward those who abused the system. No CEO should earn more than 20 times the average income of his company, in total compensation. Save the economy, but put oversight in place!

Talk about a redistribution of wealth. What began before Enron (but became headline news with Enron) has now come full circle. Common sense, history, and volumns of psychological research tell us that some people cannot be trusted to govern their own behavior in the face of temptation. The lesson NOT learned in 2001 was that it only takes a few of these otherwise intelligent, well-meaning people, making there way to the top, to destroy a company and disrupt the lives of hundreds of thousands of people. So, who walks away from this wholly predictable demonstration of human nature with $1,500 of the $2,000 that my family will owe to the bailout effort? The CEOs and CFOs that were largely responsible for the meltdown and the politicians that lobbied for their deregulation interests. They are the ones that overruled hundreds of years of experience and common sense banking practice. If this bailout package goes through without a ceiling on salaries, bonuses, and benefits for those mostly responsible for this fiasco, it will spark a class war the likes of which have yet to be witnessed by man. Well, at the very least it should.

I become infuriated when I consider that the C.E.O.'s of the companies needing the bailout, say they will not participate if the goverment insist on limiting the compensation they receive. Maybe we should just let the free markets work this out irregardless of the consequences.

It seems as tho . . . Peterman's Reality is on everyone's mind these days . . .

Here is what is going to happen . . . A Marginal bailout to give the illusion of rescue . . . Markets will trundle along all the while . . . Recession (as defined by a big BOLD headline in the news) is officially declared . . . A slow painful recovery will begin . . . Thank God the Millionaire's of this country will make it thru with thier bags of money to float then thru the tide . . .

All the while the Little to Middle populus will neither benefit, come out on top or see anything remotely positive from this . . . we will remain the cockroches . . . scratching out our livings beneath the feet of weathly shoes . . .

Here is one for everyone...Why not give the American people a million dollors each, which will cost 350 billion dollors compared that to the 750 billion that will being going to bailout banks, etc...let the American people spend the money, invest, pay for there homes and we will make the economy better with the spending we will do...Not to mention that the government wouldn't have to spend the 750 billion and the American people would be in charge instead of the government...I think this is a great idea...It was also said on a news station...What a terrific idea!
Jo