Mad as hell - taxpayers lash out..... We asked you what you had to say about the bailout, and we heard you loud and clear: 'No way!'

  • Posted by a hidden member.
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    Sep 21, 2008 8:28 PM GMT
    "NEW YORK (CNNMoney.com) -- "NO NO NO. Not just no, but HELL NO," writes Richard, a reader from Anchorage, Alaska.

    "This is robbery pure and simple," Anna from Denver posted on CNNMoney.com's TalkBack blog this weekend.

    "It's our money! Let these companies die," added Claudio from Plainville, Conn."

    http://money.cnn.com/2008/09/21/news/economy/readers_on_bailout/index.htm?cnn=yes

    Whereas, I can prolly understand that we cant just totally turn our backs on the problem. I want to know what we are getting for our money...

    Are we just gonna get all the bad mortgages and the bank etc involved walk away after unloading their bad investiments on the public ...or do we get some control over the companies so they arent "rewarded" for their bad decisions....and just go out and do it again?

    If they just unload all their bad debt on the public because they are told they are too important to be allowed to fail, why should they worry about it if they do it again? ......"Psst, dont worry if we have problems, the public has to bail us out ...hahahahahaha.....suckas!"

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    Sep 22, 2008 3:37 AM GMT
    well...the last time government had that attitude the words " let them eat cake" come to mind...and we know how that played out. perhaps it's time again.
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    Sep 22, 2008 4:04 AM GMT
    I say bail them out. With strings. Ropes. Nooses. Attached.

    I want the US taxpayers to get a cut of the profits. After all, if the debt can be socialized, why not the profit? I want the CEOs terminated with no severance package. I want lobbyists in jail. I want their guards to belong to a union.
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    Sep 22, 2008 4:16 AM GMT
    Mickey hit it on the head... there's a chance (actually, a good one), that taxpayers will come out ahead on the whole fiasco, if this plays right....

    ...however, what I'm waiting for are the investigations that are sure to come on companies that see this as their free-for-all cash grab to "start over".

    But, whatever way you cut it, the bailout HAD to happen...

    My .02.

  • GQjock

    Posts: 11649

    Sep 22, 2008 9:53 AM GMT
    My gut reaction says .. Let them fold

    But if it actually will affect the bond markets and banking systems globally then we have no choice but to bail them out

    BUT and this is vitally important
    if there are any profits down the line that come from these acquisitions
    they better stay with the public

    Because this privatization - deregulation madness has to stop

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    Sep 22, 2008 10:22 AM GMT
    I am not wasting one second thinking about the possibility of profits for the taxpayers. If they materialize, woo hoo! But I wouldnt make one decision based on any fleeting hope of seeing any profit. The Treasury Secretary is just saying that to get people to buy into the plan.....just like we were told the Iraq war would pay for itself so the public wouldnt buck.
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    Sep 22, 2008 12:17 PM GMT
    Privatization and deregulation have nothing at all to do with the current problem. We wuz robbed suh, and by the Democrats and the CEO of Fannie Mae.

    Caslon, I wouldn't place a lot of faith in CNN, you may complain about Fox but CNN is far worse. Just this morning they had that fat weasel Barney Frank on and he said that this financial crisis had nothing to do with Fannie and Freddie and the idiot interviewing him didn't call him on it. This whole mess has everything to do with Fannie and Freddie. That CNN guy, (can't remember his name and I don't care to know), didn't do his homework.


  • HndsmKansan

    Posts: 16311

    Sep 22, 2008 12:23 PM GMT
    John43620 saidPrivatization and deregulation have nothing at all to do with the current problem. We wuz robbed suh, and by the Democrats and the CEO of Fannie Mae.

    Caslon, I wouldn't place a lot of faith in CNN, you may complain about Fox but CNN is far worse. Just this morning they had that fat weasel Barney Frank on and he said that this financial crisis had nothing to do with Fannie and Freddie and the idiot interviewing him didn't call him on it. This whole mess has everything to do with Fannie and Freddie. That CNN guy, (can't remember his name and I don't care to know), didn't do his homework.




    John,
    CNN is a professional organization, FOX is so biased I'm surprised people still see them as legitimate.

    If you are going to criticize, I'd suggest you have your facts when you berate a network. Barney Frank (and I resent your name calling with anyone) is chairman of financial services in the House. It would make perfect sense for him to be interviewed.
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    Sep 22, 2008 12:56 PM GMT
    I just wonder how much money we don't have, and how much more is going to be spent to preserve big businesses that tank. It would be nice if more could be done for the every day person.