Comments on: Not everyone a fan of the ‘Paulson plan’ to mop up toxic debt

By: Jack

Jack — Mon, 03 Nov 2008 13:12:51 +0000

main points of the zone diet…

Nevertheless there will always be a minority who will not get the point you are trying to make….

By: Brian Cornwall

Brian Cornwall — Wed, 01 Oct 2008 23:04:53 +0000

I just wonder? who are the people telling us this needs to be done? 700 billion bailout
I really don’t know anyone that will lose big money.!
the stocks will fall and you will be able to buy them cheaper, then a few years down the road they will be worth alot more..

By: Brian Cornwall

Brian Cornwall — Sat, 27 Sep 2008 00:41:13 +0000

WOW again and again when will this all end, not in our life time folks.
it’s suppose to be a free market,and the rich have finally
screwed everyone where can they go from here
oh yea, get 700 billion from the goverment…..! and the bad part is they are thinking of buying it….

By: chuck

chuck — Mon, 22 Sep 2008 19:14:49 +0000

Now when did we hear this one before…
Urging speed, President Bush said the world was watching to see if “we can act quickly to shore up our markets”.

I think it had something to do with “mushroom cloud, WMD’s and “we must act now” etc.. and of course the caveat of “trust me”.. note.. not oddly.. Iraq will,perhaps (if we ever got accurate accounting nrs) cost perhaps a bit less in dollars.. but since neither seems to be able to be cost’d out. lets just say “what the hey, another $700 BIl here and there and there and..as the man said..then and says now..

Urging speed, President Bush said the world was watching to see if “we can act quickly to shore up our markets” Or “authorized use of force”.

And who says history does not repeat.. so why learn it?

By: Brandon

Brandon — Mon, 22 Sep 2008 16:18:47 +0000

I agree that CONSUMERS, not TAXPAYERS are also responsible here. The bottom line from this standpoint is that it does not pay to be prudent or financially responsible. Period. The corporations that are getting bailed out are having consequences removed from them of their reckless business practices.
From a taxpayer perspective, the irresponsible and financially illiterate and greedy CONSUMERS of this and other nations have now run up the bill for EVERYONE, all TAXPAYERS (they are not necessarily the same).

Bottom line, it apparently is the best thing to follow the crowd and throw intelligent and conservative management of finances and integrity to the wind, you will end up paying for it either way.

Welcome to the new Moral Hazard, socialist society.

By: roger

roger — Mon, 22 Sep 2008 15:49:00 +0000

The US taxpayer has for years benefited from the great bubble.Now let them pick up the bill.

By: chuck Nashville TN

chuck Nashville TN — Mon, 22 Sep 2008 15:10:04 +0000

ANYONE..what is this thing pricing out at TODAY… as it seems to be growing each hour…$700 BIL to $1 Tril.. or what. and what is included.. $85 Bil, Fred-fan $200 or $??? bailout, banks bailouts, FDIC bailouts. WHAT IS THE COST OF THIS THING NOW..and what is the COST TO INCLUDE INTEREST on Debt etc.. DOES ANYONE KNOW?????? And our congress is “handling and considering it”.. God help the late great usa! HOW MUCH IS IT today?

By: Andy

Andy — Mon, 22 Sep 2008 14:41:09 +0000

This plan can work. I believe that over the next 3 to 5 years, taxpayers will be handsomely rewarded for saving the financial system. My guess is – all in – the taxpayers will have gained $100 to $200 billion from this bailout; which is clearly against the conventional wisdom prevailing in the media. But a bet against the short to medium-term viability of the US economy is a sucker’s bet. At least until China takes over the world in 30 to 50 years. See more analsyis at http://www.savingtoinvest.com/2008/09/tr illion-dollar-bailout-and-why-it-will.ht ml

By: chris

chris — Mon, 22 Sep 2008 10:58:38 +0000

Im from the UK, its the same over here. No matter how much the Directors and VP’s screw up they always walk away scot-free and with their bonuses and pensions intact, everytime. They should have all assets stripped and be prosecuted. It is said that Government leaders do not like to prosecute corporate heads for financial mismanagement because should the Government in turn mismanage the economy then they should be liable for prosecution, rather like one state arresting world leaders for genocide/war crimes, as soon as one country starts it it becomes a free for all, which is why none of them dare prosecute each other.

By: Stephen Deen

Stephen Deen — Mon, 22 Sep 2008 10:51:03 +0000

A free bottle of wine anyone? A free dinner anyone? A free holiday anyone? Well it seemed as if was free at the time, didn’t it. Who’s to blame? Greedy politicians hungry for acclaim and votes, tacitly allowing cheap money to fuel any purchase that allowed the feel good factor to continue. Greedy consumers who just wanted to “feel good”, never mind the consequence. Well, the consequence has just arrived. The party is over and the tax payers will pick up the tab. The probability is there was no alternative to what I perceive was the approach to finacial meltdown that perhaps is currently lying wounded - but not dead. What now? Inflation and a weak US$ - and that’s the positive prognosis. p.s. If all the now unemployed “bankers” stayed home, what would the difference be?????