Comments on: The bailout

By: Noreen Dean Ronkonkoma New York

Noreen Dean Ronkonkoma New York — Thu, 02 Jul 2009 18:15:03 +0000

No one has written a comment since Sept of 08. Today is July 2 2009 and I am ashamed of being an American. MY health is poor my money is gone I have no job and the greedy banks now want 5% up from 2%. on credit card balance’s. No more God bless America, God help America!

By: Jusin Bingham, Monroe,LA

Jusin Bingham, Monroe,LA — Sun, 03 May 2009 02:49:11 +0000

I think the government should let all the weak and powerless companies fall flat on there face and let the stong companies prevail,you can’t keep bailing out companies when their doing the wrong things with the money.When the weak compains fall and the strong companies prevail then you start over instead of using all this already taxed money from the federal reserve and having us pay it back double or even triple what we started out with.

By: Leila A.Deeb,Potomac,Md.

Leila A.Deeb,Potomac,Md. — Mon, 16 Mar 2009 00:34:11 +0000

i am angry.when my husband,s Hospital is on the brink of bankruptcy the failed bloated CEOs of bailed out AIG are being rewarded.In any other country this would have started a revolution.

By: Michael,Cross Lanes,WV

Michael,Cross Lanes,WV — Thu, 05 Mar 2009 05:31:59 +0000

I am ashamed at the nation that I was taught to be proud of, not because of our brave soldiers that fight in spite of political agandes, not even the change in moral values of this nation. Instead I am am ashamed of the simplest of you who claim to be American and yet you sell out your brother for the all mighty dollar. We use to fear Communisim as a threat to the FREE WORLD but it has become GREED that has been our downfall. I don’t see a bright future unless hard hearts become soft, and the rich look at the blessings that has been bestowed upon them and pass a little down. You are witnessing a time in history that rivals the great revolution against Britain. These people of our nation have worked and fought hard for their country, now they see the same country turning its back on them. History has proven the out come of this, it will be caous and martial law in the streets. We are a people that wants to abide by the law, but when the law can no longer protect us we become Vagabonds.

By: m.l. south carolina

m.l. south carolina — Wed, 18 Feb 2009 18:04:13 +0000

my husband owns a my business. we do not qualify for foodstamps or unemployment. we are trying very hard to keep the bills payed. don’t know one week to the next how we’re going to pay the bills. then on top of everything else you have these collections agency (lvnv funding) that they have bought from a department store you had 3 years ago. so now they’ve went to court and added extra charges on to it for something you never got from them the start with and they allow these companies to place leins against any property that you may have manage to hold on to. my husband had to call wells fargo to come pick his truck up thats we’ve been paying on for 2 years becausr they would’nt refinance it to get him at a payment we could try keep it, because this lein that was placed on his credit from lvnv funding is credit score had dropped to low. not because he did’nt make the monthly payments on it because he had made every one of them. then the guy from wells fargo told him if they picked it he was still going to pay if i could have continued to pay for it i would have kept it would’nt think.so after this economy with all the loan defaults this collection agencies will have a field day and will have the courts to help them collect or take what you do have so someone please tell me how this stimulus is going to help the selfemployed ? we have to pay taxes to.

By: Howard Kilik, Mahopac, NY

Howard Kilik, Mahopac, NY — Mon, 09 Feb 2009 03:17:12 +0000

I wrote a song about it:
I Want a Bail Out (‘Cause I’m just too big to fail) and it can be found on my website: http://www.kilikmusic.com

By: Vince, Philadelphia pa

Vince, Philadelphia pa — Fri, 12 Dec 2008 21:15:40 +0000

Let the big three go bankrupt, it is the best way for the company to restructure.My salary has decreased, I can hardly pay my bills now,where is the bail out for the tax payers.This is crazy, whats next?? Who do we bail out next? The airline industry??Let those poorly run industries die

By: Patricia Hadley, Eugene Oregon

Patricia Hadley, Eugene Oregon — Fri, 05 Dec 2008 01:27:55 +0000

This is not a class issue. The money would be better spent on letting the auto workers own these companies and build cars that are green, energy efficient and safe. Give these new worker owned car companies tax incentives for building competitive autos, for the new real world we live in. Give the people who buy these “new” cars tax breaks for buying them and make them affordable for the Working Class. Build a better mouse trap is still the best capitalist principle and our workers are up to the task…give them a go and you will see wonders.

By: J. Anderson, St. Augustine, Fl

J. Anderson, St. Augustine, Fl — Fri, 14 Nov 2008 00:32:11 +0000

Why does it seem the GM and its blue collar workers are not worthily of help. We are punishing the blue collar for the crimes of the executives. There are so many blue collar arenas who share the pain by cutting their hours so that no one has to loose their job while our financial system white collar workers are entitled to the entire kit and kaboddle with absolutely no accountability. We are rewarding the breeding of narcissism in the white collar arena. Here comes 1984. The haves, and the have nots.

By: Terry Apilado, Reno, Nevada

Terry Apilado, Reno, Nevada — Wed, 15 Oct 2008 20:11:14 +0000

The Government and Wall Street are in bed with each other. We need to get the Government in bed with the Average Middle Class Tax Payer.

By: Mildred Honolulu, Hawaii

Mildred Honolulu, Hawaii — Sat, 04 Oct 2008 07:39:04 +0000

I put a large down payment. Only offered the stupid loan I got. I have been responsible did not take any equity out of the house. Went to 2 interest increases and was going for my third which would put me at 12%. Fought and got an abusive modification. Mortgage modified for 5 years at initial rate of 7.85% for five years. 100% going to interest and in five years if unable to refie then the loan goes back to in horrific self. Calculated by 6% above the index and an interest increase every 6 months. I already know I can’t refinance.
You tell me how irresponsible I been. Holding on to this house and giving Countrywide and my association every cent I have. My question is who is getting my $2,200.00 a month? Because it aint me. In five years I will still owe the same amount I owe today but will have to pay $132,000.00 to someone who is claiming they are broke and have to Washington bail them out. Who is going to bail me out?
I work four times harder then those rich politicians.

By: BY THE PEOPLE, DC

BY THE PEOPLE, DC — Tue, 23 Sep 2008 22:13:03 +0000

http://www.usa.gov/Contact/Elected.shtml

FOR THE PEOPLE, BY THE PEOPLE, Copy and Paste everything you write here to the appropriate addresses!

By: Janet, Dallas, Texas

Janet, Dallas, Texas — Tue, 23 Sep 2008 22:12:56 +0000

There should not be any bail out to the Wall Street crooks. The CEO and CFO and all the executives of these failing financial institutions should pay back their bonus and compensation and all the benefits.

By: Roy Tuinila, Gardner, Ma

Roy Tuinila, Gardner, Ma — Tue, 23 Sep 2008 22:02:11 +0000

I just wonder when America will wake up and realize this is just a play to replace the financial industries fake money that doesn’t really exist (they call them securities and they don’t necessarily need to have real money backing them), with the real stuff.

If you want to fix the economy, increase the wages of the 90% of the population that only make 10% of the wages paid in America.

By: George Brooklyn NY

George Brooklyn NY — Tue, 23 Sep 2008 22:01:22 +0000

And we have the gall to call the Native Americans stupid because they sold Manhatten for 24 dollars? To all you morons who bought overinflated homes I say STUPID and you deserve to go out of “our” house not yours because you didn’t pay for it and you got stuck with it before you could flip it.

By: L, Texas

L, Texas — Tue, 23 Sep 2008 22:00:44 +0000

Early Christmas present before Bush finishes his term. They figured if Obama raises taxes on the top 5% of wealthy americans, they need to get compensated before Bush leaves. That’s what it comes down to.

By: J. Nash, San Diego CA

J. Nash, San Diego CA — Tue, 23 Sep 2008 21:55:14 +0000

What some folks here fail to understand is that to “stick it to the pigs” and “let these companies go belly-up” is tantamount to letting the entire economic system collapse, and you are a fool if you think you are insulated from the repurcussions of that scenario. When banks, the banking system, and ultimately companies’ (both big and small) ability to access cash goes away, so does our economy–ALL OF IT. Rampant inflation, massive unemployment, spiraling foreclosure…is it starting to sound like the great depression? It should, because thats what we are looking at, right over the edge of the abyss we stand on. A lot of companies lent money when they shouldn’t, a lot of people borrowed when they shouldn’t. All parties have suffered plenty (writedowns and foreclosures), and the $700billion bailout isn’t going to alleviate pain on wall street–its going to keep it, and main street, from evaporating. The likelihood is that the federal government will recoup if not profit from the bailout, while participating banks will suffer massive losses…but hopefully survive. This isn’t robbery, its about keeping our house from burning down, and we better act now. Venting your frustration is about as useless as it is juvenile. So get over it, and then get better informed. Thankfully people who understand the intricacies and interdependency of our economy are doing something about it as opposed to moaning about how life is “unfair”.

By: Jude Jordan, Stillwater, OK

Jude Jordan, Stillwater, OK — Tue, 23 Sep 2008 21:47:45 +0000

If you, like myself, are fed up with this government…then stop the bailout. Next, do everything you can to allow the companies fail. Next, stop paying taxes.

You see…a government can’t function long without money. We bankrupt the government…then we take control of our own lives. Imagine self determination…can you imagine it?

Could you imagine riding ourselves of a war in iraq? Riding ourselves of federal programs geared to fuel corporate interests (fascism)? Rid ourselves of agencies that tell us how we can carry out our lives?

The federal government was orignally only intended for national DEFENSE (not OFFENSE…ie Iraq war) and to safeguard against monopolies and commerce between states. That’s what our founding fathers intended.

George Washington is rolling over in his grave…so too the great Thomas Paine. Why don’t we return the country to the people…let their hard work be rewarded by giving them the freedom this nation was intended to have.

As things stand now…anyone with less than a net worth of a million dollars is really just a slave to their own debt…credit is nothing more than shakles. Who instituted this “credit” life style?

Who told the people that this “mortgage” society IS NOT a “renter” society. The banks own your home…you rent it with the interest you pay. Who owns the banks? The elites! They are land lords…and you are a servent.

Why did this happen? Cause homes prices were allowed to sky rocket so the land lords could put more of you in their pockets.

Welcome to the “slave” class.

By: George Brooklyn NY

George Brooklyn NY — Tue, 23 Sep 2008 21:47:13 +0000

We already have a rescue package for homeowners 300 billion dollars for these I wannabe landlords. These people are so irresponsibile they forgot the government gave them 300 billion dollars in July. These hippie homeowners can’t even collect rent and we are giving them billions of dollars.

By: tony, saratoga springs ny

tony, saratoga springs ny — Tue, 23 Sep 2008 21:46:16 +0000

Well, the way I see it is that we have to get it approved and pushed through. Not doing anything will result in everyone from CEOs making millions to minimum wage earners suffering serverely. The entire economy would tank. The KEY is to get it right and to get it right now. Failure is just not an option. So, I don’t mind it being held up and not just pushed through. We can’t screw this up. Yep. we are all going to pay for this and so will your children. If we don’t do it, there will be a nightmare…..if we do it right, we can rebound. If we do it wrong, it will again be a nightmare. we don’t have a choice at this point people. Is it fair…? No…but was it the alternative. If the economy tanks, we will all be in a mess that you just won’t believe. I am a principle person but I can’t be one now. Get it done, take your time, and get it done right….but it better be soon..