D.C. Debates and the "Shadow Bailout" Rolls On (Update)

[...] wrote a few days about about what I called the “shadow bailout.”   It’s about how [...]

The financial systems have been over-inflating for the past 25 years, critically so over the past 5 years. It's time to just allow the bubble to burst, feel some pain, let wall street suffer and use the money to help people at ground level. Kevin, G-Portal UK

the sky is falling the sky is falling the sky is falling TYPICAL POLITICS. BUNCH OF PEOPLE THAT CAN NOT EVEN BALANCE THEIR OWN CHECK BOOKS ARE TELLING US TO FORK OVER BILLIONS + OF OUR MONEY TO BAIL OUT PEOPLE THAT BORROWED TO MUCH MONEY. YOU GOT TO BE KIDDING. MY ADVICE TO FRIENDS HAS BEEN IF OUR GOVERNMENT PASSES THIS EVERY ONE QUIT THERE JOB AND FILE FOR UN EMPLOYEMENT THE NEXT DAY. SHOW THEM WHO REALLY DRIVES THE ECONOMY OF THE USA.

Don't forget the billions already spent on Fanny, Freddie, AIG, and others as support payments (not laons). Bailout? What Bailout?? Our country, our government, and our resources are being handed over to greedy Wall Street criminals and dollar whores as mafia style insurance payments. Welcome to the Wall Street Extortion Plan! A fully supported and government sponsored initiative to transfer your investments and savings into failed financial institutions. Garunteed to hold property for 30 yrs while it falls into disrepair and devalues to a point you have to pay to have it bulldozed. If you don't pay -you'll lose your job! If you don't pay - you'll lose your retirement! If you don't pay - you'll lose your house! If you don't pay - you can't send your kids to college! If you don't pay - you can't get a loan! If you don't pay - (reserved for future use)

I thought this was about economics? Who knows what the real number is I believe it’s in the trillions but we will go along with 700 billion. So if you have 700 billion in debt then the other end would be someone profiting 700 billion right everyone? Keep things simple. This is just like the Iraq war everyone running around in circle trying to blame the rest of the world when the problems and enemies are right in this country. We allow the country to be flooded with non europeans for economics and political correctness what do you expect to happen? America has turned into a 3rd world freak show cartoon. ok back to the 700 billion besides prison which id give most if you are looking to get the 700 billion back then just go back to the people that made that profited through the grapevine its that simple. The details the ripple effects who cares its not our problem and if it becomes our problem then good the truth will come out more of this bogus system. Their pitch is we need 700 billion now well just "f" ing go get it from all the paper asset musical chair games they play, the derivatives, offshore accounts, bundled package shit to other countries. Go get it all back now HOTSHOTS!

Please have someone tell the American people about the "pork" in the bailout. How many congressmen and senators know about Barnie Frank's "Acorn" to recieve 20% of profits IF the bailout makes money? Tell them it was Frank that required the FHA to give bad loans with 0% down. Also tell them over a year about McCain tried to pass a bill to stop the run-away economy ...it got no where! Who has really read this 100 page document? My guess is most won't waste the time! It's bad for America, as the treasury can handle each bank, company on an as need basis. It worked with WAMU and Wachavio. Enough! trust the government to make a bad situation worse.

I hear all this talk about the tax payers funding this bill and how it has a sort of "payback" and how it could possibly make money (which if run by the Government is unlikely) and for who? As many times as I have heard this statement I wonder how do we the taxpayers "make money"? We should all know that there is no payback for the tax payer. If it made any profit (unlikely), the taxpayers wouldn't see a penny of it. The elected officials would only spend it. They would find some way to spend it someplace else or put it in the general fund and spend it however they wanted to. I would like to hear the plan for "payback to the tax payers". Got any ideas?

I believe "Fox Business Network" does an outstanding job of keeping the public informed on this current situation and all things financial. However I strongly believe the panicky vocal tones and excited conversations need to be kepted in check. Please be the voice of calm for your viewers.

Its frustrating that our congress and president are trying to saddle america with more debt. Now is a time for President Bush to show america that he really wants small government, he could take advantage now to remove costly oversights, and regulations that burden banks and companies by executive orders to relieve regulations. It is outrageous that they want me and my heirs to pay the price, when we don't gamble in the market. We pay our bills as best as possible. It sickens me to watch the lawmakers dump all over our captiolist system to rush in socialism. George Bush is showing is true colors, he is a liar, theif and a big government socialist, I puked at the tought that I voted and fought for him, man are we ever fools!!!!!

No wonder that folks are so far in debt, they have a great role model in the government. It's sad to think that my kids will inherit a shell of what this country used to be.

In the Dallas/Fort Worth area, whole neighborhoods have sprung up on the back of bad paper loans. It is not uncommon to drive through these neighborhoods of $250K-$500K homes and witness cars on blocks and a goat roasting on the spit in the front yard--taking the definition of the American dream to a different level? These are the individuals who took loans and fully knew they could not make mortgage payments on these homes. My grandfather (not an FDR fan, to put it very lightly) was and my uncles are Kansas farmers. I have an uncle who still has the first nickle he ever made. These people have worked for everything they have earned and paid back any loans taken EARLY. It is outrageous to compare the two. Both types of people living in this country, knowing that one will have to continue to carry the other. How is this allowed to happen? It is sickening to see our so called lawmakers wad up the Constitution and try to use it as toilet paper. If we wanted socialism, we would live in Europe.