Do you think mr bush is right trying to save the banks

I think it’s ironic that a “laisse-faire” economy, Republican leader is turning to the government to bail out the banks. After ignoring it for this long, he wants to put a bazillion dollars we don’t have into this system that is failing based on some of his decisions.

But, we have to. There’s no other choice, the economy will practically collapse if we don’t do something.

Some economists feel the Federal Reserve could have prevented the Great Depression, or at least lessened its severity, by bailing out banks in the early 1930’s. At that time, the money supply decreased drastically and people made a run on their banks, trying to hoard what money they could. The banks were broke, the country’s loan system came to a grinding halt, and depression set in. That’s not all, of course…there were many other factors like the collapse of international trade due to tariff wars. But the line of thinking now is that a bailout is needed to prevent the nation’s loan and credit system from collapsing. I can understand the reasoning behind it, I just don’t think it’s being done the right way.

This is not about personal accountability. It is about government deregulation that allowed these types of lending pratices to occur in the first place.

This bail out is a necessary evil, but we must do it with strict conditions on oversight and executive compensation.

And as far as them having a deal yesterday. They did, that is until they relized that if there was a deal, McCain would have no excuse to skip the debate. So the republicans raised artificial objections to it so McCain can keep saying he is putting country first, and needs to rescue us. What a crock! He is doing nothing but playing politics, and putting his own self interests first. He is a disgrace.

We HAVE to…that part is not in dispute…the parts they can’t agree on, is the “conditions”…and Congress is down to only a “few” left to agree on (very good, considering yesterday morning, they didn’t agree on anything)…One thing they ALL agree on, is it HAS TO BE DONE!

They are not going to try and save EVERY bank…but these huge Investment Banks hold the majority of the mortgages in the US…if they collapse, the domino effect will be devastating.

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Excellent point, Editor!