Pardon my opinion, however, instead of venting this justified anger we all feel at this outrage, there must be a way to put these crooks in prison and not permit funds be taken. This should be the focus by us, the people of the United States of America. Can someone suggest a method to start a class action procedure and I do not mean going thru a goverment representative, we ll know that is useless!

Yes, let's vent our anger, however let us fight back!

MSU

Just have to laugh at Mary for her " vote the democrats out"   Guess she thinks George and the republicans have been doing a rosy job. Apparently she sees nothing wrong with jobs disappearing and higher unemployment rates, skyrocketing national debt, and spending years, lives and billions of dollars on a war that we had no business being in to begin with. It would have been different if we had gone after the terrorists instead of being mired in Iraq for who knows how long. But I guess she thinks everythings just wonderful except for the democrats. I don't care which party they belong to if they are crewing things up they should be out on there butts.

PREPOSTEROUS!  ...And we wonder why the financial services industry is in a mess today.

Texasstarsun:  Your history lesson is quite interesting. But, what does it have to do with the golden parachute issue?  As I recall, that is what the story was about in the first place.  How quickly we are distracted..another Republican manuever...get 'em distracted so they forget about the real issue at hand.

Who are the dummies that allow outrageous salaries to exist?   The trend did not start yesterday, its been going on for years.  If I were offered their salary I would take it and so would you.  I don't blame the people who get the money as much as the people who approve it.

I think Washington Mutual is a bad bank, they charge out ragious interest rates and the customer support team has no knowledge how to  handle the clients, I am glad they are through, it is not just mortgages thats bad at Washington Mutual, the credit card part of them is just as bad. they charge 31% interest on customers wuith excellent credit which is completely outragious. I say close them down

Texasstarsun says all that needs to be said about the financial mess. But you won't hear it from the politicians because it is politically incorrect i.e the end of your career as a politician.

This just makes me want to sell all of my stocks and mutual funds and go bact to an FDIC insured savings account. What will I miss out on? Oh yea the lure of 8 10 maybe even 12 percent when actually I have lost 30 percent!

Instead of a bailout, how about an indictment, followed by some prison time.

Let the market fall, and allow the true value of these CDOs be discovered- good or bad.  If we allow our feckless government to meddle in this, it will only prolong the coming recession.  Witness Japan's attempt in the early 1990s.

Texasstarsun,

You are so right. Alot of the people do not under stand that.

I am so glade that you posted that info for all to see.

Thanks God Bless you

Tom