Comments on: Key Takeaways from the Proposed Bill

By: Robbie

Robbie — Tue, 30 Sep 2008 16:07:11 +0000

We can hear it now. Give them any sum now and they will come back in a few months and say, “Oh, we really needed more”.

No, No, NO, NO! What part of NO do you not understand Wall Street and Congress?

By: Leo Gawroniak

Leo Gawroniak — Mon, 29 Sep 2008 22:34:49 +0000

Dear Folks, We are being told all sorts of dire things will happen if this bailout doesn’t occur. However, no one is commenting about the following: What will happen if we bail out the banks and the banks still don’t loosen credit for businesses and individuals? Also, isn’t all of this “urgency” a smoke screen to encourage the Communist Chinese to continue buying our almost worthless treasury notes?

By: same as it ever was

same as it ever was — Mon, 29 Sep 2008 18:42:34 +0000

The Wall Street Bailout Bill:
Bush McCain Obama et al.

The Realignment Of American Politics:
Anderson Baldwin Carter Choate Clemente Gonzalez Gravel Kaptur Kucinich McKinney Nader Paul Perot Sheehan Ventura

By: Tim Humble

Tim Humble — Mon, 29 Sep 2008 18:26:24 +0000

You have really good news…NOT only do we taxpayers have to buy these dogs we may have to pay for yard care too??? Why dont we send the bill to Iraq for bailing them out of their mess and they can pay the US taxpayers back in oil and related revenues. If this bailout bank deal is so good let Congress accept it in lieu of salary since they were paid to oversee this already.FIRE THEM ALL!!!!

By: Stevey35B

Stevey35B — Mon, 29 Sep 2008 15:59:11 +0000

so? what else is new? the taxpayer been getting the short end of the dirty stick for very long time. But no one will vote the current legislators out of office. It’s always someone else’s legislator needs replacing because “we, the voters of this district, will lose our position in the legislature”. Throw all the rascals out. have the opposing parties get enough intestinal fortitude to run a candidate against every existing candidate. A 9% approval rate means some of them are vulnerable.

By: chuck

chuck — Mon, 29 Sep 2008 15:46:28 +0000

Alexis interviewed Steve Forbes about this and I watch it. He stated that the mark the market law should be quickly removed. Also on CNBC’S SQUAWK BOX this morning one to the Republican Reps she stated that some of this already being proposed in this act should be implimented right away. But she had resverations on this bill too.

By: Doug

Doug — Mon, 29 Sep 2008 15:13:18 +0000

#4 is a poison pill, and completely unacceptable. Bad enough we have to bail out our own companies, but now we’re supposed to be suckers for the whole world?

By: Ted Sherman

Ted Sherman — Mon, 29 Sep 2008 14:58:59 +0000

Brian,

What about the dollar? If this 700bn dollar bailout passes and the dollar tanks, how will that help homeowners who are paying their mortgage. Gas prices will rise back to $4.50/gal, groceries will double, and energy costs will be astronomical. All of this will cause more forclosures not less.

By: Felix

Felix — Mon, 29 Sep 2008 14:23:08 +0000

Brian,
I think the Fox Business network has done a good job on covering the different aspects of the mortgage backed securities issues. Unfortunately, our Representatives in Washington don’t watch your network.
The current problem is certainly a very serious one, but, it is only the start of the problem. There will be more financial problems ahead for an untold number of homeowners who have not yet been caught up in the escalating terms of their mortgage. Why does Washington bypass giving them genuine assistance ? Could it be that many of the mortgage backed securities in the 9 Trillion dollar industry would lose value if a large number of mortgages are refinanced at more affordable rates ?
As far as the economy goes everyone with a bank account below 4 zeros knows it has been on a downhill run. Gas prices cause contractions in many businesses. Grocery costs continue to rise. Savings interest doesn’t keep up with inflation. Should I go on ?
The excuses given by the politicos are right for the above reasons. I also don’t think that the Washington crowd has the financial where-with-all to deal with the problem. Why not a equally sized group of experts from our leading universities discussing and voting on the issue ?

By: Clarence Smith

Clarence Smith — Mon, 29 Sep 2008 13:40:01 +0000

Well, my question is how will U.S government structure Direct mortgage purchasing? Any ideas on where to look.