I am amazed that if this system has been in such bad shape for so many years, why have we been told to invest in a broken system that was doomed to fail?

Dave Rongey

www.ask-the-electrician.com

How can the American people keep bailing out big companies using taxpayers dollars? This mess was only a matter of time. The second great depression could be around the corner, only time will tell.

I'm quietly enjoying the best buying opportunites in years. Anyone who plans to be in the market for 8-10 years will be rewarded for a cool head and common sense conservative stock picking.  I love bad news!

About 80% of these articles summarily state, "and the borrowers couldn't pay back their loans" as if that passes for insightful analysis. 1-We should isolate those whose non-mortgage finances demonstrate irresponsibility; 2-How many of the others were guilty only of trying to chase the American dream of entrepreneurship while 3-The 'house of cards' economic boom became a bust, sabotaging their efforts and dragging middle and lower cincome workers with it? Seems to me we got just what we wanted: outsourced jobs, massive de-regulation and lack of oversight in supposedly heavily regulated industries, corporate and tax laws that put capital overseas, a 'bought' Congress, 'globalization' and accompaying trade deficits, massive rewards in the hands of the few, short term corporate thinking, and on and on.

Thats what happens when you shaft the middle class

we should demand that the ceo and the board members share in the pain instead of the shareholders taking the entire loss.how did things get this bad no oversight it was better with regulation.the ceos are walking out with millions leaving the shareholders holding the empty bag.

You think people are hurting now because of the woes on Wall Street. With the Democrats already controlling the House and Senate, if they take the White House, we are going to see the biggest tax increases in American history. We will all have less to invest in our retirement.

It is unbelieveable that a CEO would recieve $10,000,000 when the company goes under. The board of directors should be held accountable, and I'm sure that they to still receive bonus's plus other options.

I've seen this happen at the company I just retired from (Bank) and they continue to get away with it.

The shareholder is the one that really gets hurt, after all they invested their hard earned money in good faith into this company, and for the goverment to to bale out the Inst., its the tax payers who will pay, and it is not looking good for our kids and grand kids.

poor americans

This thing is just  a house of cards just waiting to be blown down, its been a long time in the making, many administrations are responsible plus corporate greed and coruption in all areas, this is a cumulative effect. Detroit now wants a bail out, too bad, they should have had insight, like honda which is doing ok considering! Detroit built SUVs and truck and ecouraged people to buy them as the profits were big, thinking the cash cow would never die, well its rotting in the field now. Bush and co start a war in Iraq claiming WMDs, none of which were ever found, ten billion spend on intel  a year and they got it wrong????? And after all wasnt if Bin Laden who took out the trade towers, We find Hussien but not BL??? How many billions a week for this war and no BL??? how many US GIs killed wounded??? all that money being sucked out of the US for what? and all the jobs shipped over seas. Consumers didnt help this, using their homes as ATMs to buy what?  no one lived like this fifty years ago  and they did just fine, now the party is really over and here comes the hangover from hell. Consider this, the US govt owes out ten trillion dollars,  the deficit is huge and that gets dumped on the national debt, now big cos are selling out or going bankrupt, the subprime mess, the credit mess, out of control spending from the guy on the street to wall street and so on, you can only put so many sticks on the camels back before it breaks and I hear it cracking!