Comments on: Bailout Plan Details:Bailout Bill Text

By: josh sullivan

josh sullivan — Sat, 01 Nov 2008 13:43:55 +0000

sec 8 gives the sec more power than the president,no one can review or question whats going on with this act

By: Try This...

Try This... — Sat, 11 Oct 2008 20:39:07 +0000

If you really want to make a difference then, simply do the following: 1. Stop paying your mortgage; 2. Gather as many credit cards as you can, drain them, then default; 3. Stall collections, foreclosures, and any attempt by the banks to collect.

This, I guarantee, will force them to change policies, because lost profits trickle up the line. Money flows … money supplies. This is the bloodline of the economy because at some point we went from cash / asset based to credit / “derivative” based, and this inflates prices, profits, and proliferates management, bonuses, etc. We are actually in a very good state right now …

By: Bonnie J. Payne

Bonnie J. Payne — Sat, 04 Oct 2008 00:06:56 +0000

There is no mention that the “wall street wizards aka CROOKS” still get their vacations and bonuses. We are all struggling and can’t even think about a vacation and certainly no bonuses for us blue collar workers. These crooks should have to repay all bonuses recieved over the passed 5 years to decrease the $700 billion bailout. No paid vacations. Have they earned a vacation? Have they truely earned these bonuses? Those greedy crooks which have ruined our economy? We have been in a recession for quite some time now. We are just a squeak away from the biggest depression this nation has ever experienced. They are NOT being punished for their greed, just well taken care of by our politicians at the tax payers’ expense. Anything pushed by W. should be the very first clue for us all how crooked this so called bail out is. Then the gall of the politicians to add all the PORK is just the culmination to the crookedness of it all! Wall Street and Washington must think we common folk are just a bunch of illiterate, uneducated barbarians!! Just like Skull and Bones!! Well ,we aren’t. We should have the largest revolt/uprising ever. Just like the Boston Tea Party, etc. I love this country and am tired of all the greed at the top. I will not stand idly by and not express my opinions. I will act upon them if need be. Americans have to unite and take our country back.

By: Jriggs

Jriggs — Wed, 01 Oct 2008 16:38:25 +0000

how is acorn getting any money?
there is to much crooked/dishonest items attached to this bill.
there should not be a bailout, but a loan to these banks to pay back.
the president could also help instead of pushing this bailout.

it all seems very crooked and dishonest

By: Thomas M. Gallen

Thomas M. Gallen — Tue, 30 Sep 2008 13:41:55 +0000

“The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.”

Two problems with the opening sentence. Prior approval by the oversight committee should be required and second the “mortgage-related assets” should be with full recourse against the lending institution that origianted the subprime loan. Make the guilty responsible.