Isn't now the time for punitive measures?

Blame…shame.

No administration, republican or democrat, should turn 700 billion dollars over to ANYONE without a series of checks and balances and the thought that there will be no accounting or the ability to investigate or prosecute if the funds are not used properly is a travesity!

Come on people, the poor bailing out the rich? $7,000 from EVERY SINGLE TAXPAYER in this country.

Phrannie, are you really suggesting that these guys should be able to walk away from their failed leadership of these companies with huge bonuses? They screwed up, they shouldn’t get a dime of this 700 billion. They way this bill was originally presented, there is nothing from stopping that from happening.

lucky for me I dont live in bush country so I dont pay any of the ridiculous taxes… though to me bush has alway been an idiot (sorry but thats ust my opinion)

This bill is only 3 pages long. How could any bill that spends 700 billion be only 3 pages long? I think something does need to be done, but it must be done in conjunction with some stiff oversight. But this bill is just bad. It is basically saying, “here is $700 billion, have a nice day.” No questions asked, and no changes to the laws that caused this in the first place.

Typical Bush fiscal policy. Bail out the rich, while leaving the middle class and poor twisting in the wind.

Over these last few days I have never been so angry in years!!!

They want 700 billion dollars without any oversight:

• No transparency
• Henry Paulson can do whatever he likes
• No court can challenge him
• He would only report to congress twice a year

I mean, what the fcuk!!!

Is this America any longer? Do we even have a constitution?

Quoting directly from the proposed bailout plan:

“… Section 8. Review: Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency. …”

Again… what the f*ck???!!!

“guess no one wants to put the blame where it belongs…”

who? obama? give us a break

okok fine maybe congress…uh. 2 years in congress isnt a lot. especially when you have a dumb head of state with powers to veto basically anything that is passed

Actually, it’s the poor bailing out the poor…The CEO’s and bankers who made a mint on this mess, were working under “free enterpise”…You can’t make up the “rules” AFTER the game has been played. You can however, make up NEW rules, to keep this from happening again. There will be darn little punitive actions, because most didn’t actually break a law…and in this country, that’s the way it works. This will go down as the the biggest pyramid scheme ever launched…starting in your own little town, at your own little bank. Freddie and Fannie…and a host of OTHER Investment banks, bought those bundles of morgatages, “betting” that there were more GOOD loans in each package, than bad loans…the bottom line is called a “balance sheet”…and guess what? They lost their bet!

We…the middle class tax payers, are not only bailing out all these investment banks…who stupidly and greedily bought the paper that your LOCALbank gave sub- standard loans on…called sub-prime loans to people who’s only requirement to get a loan, was to fog a mirror, by the way…But we will be substiduzing THOSE people with money to keep them from going into foreclosure…we’re going to get screwed by both ends of the equation.

There are some banks who did not do this…Wells Fargo…Bank of America…Local Credit Unions…But ya’ll are going see many small banks fold…they handed out bad paper, on the “hedge” (that means “wager”) that the economy would stay strong. It amazes me, that I…a lay person, could see…that this ain’t going to last forever…but apparently Greed fogged the eyes of many who played along…and the whole country is now at risk…

And…don’t forget…that it’s not just us…China, Japan, the Arabs, even the Koreans own a LOT of that crap paper…guess they got greedy too…so their economies are standing on a house of cards, too.

Yes…LOTS of greedy “gamblers” out there using yours and my money to make their bets.

p