The Week Ahead: Throw out the rulebook?

re: The Week Ahead: Throw out the rulebook?

John — Tue, 10 Mar 2009 05:45:48 GMT

Congress and the American people did not listen to President Bush when he warned in his State of the Union message in Jan. 2002 about the over lending of the housing market under Freddie Mac and Fannie Mae. The Washington Post and New York Times warned at the bill signed in the spring before President CLintons run for reelction in 1996 about the bad effects to the housing market with the expanded lending power of the bill he signed in the spring of 1996. They said it would take 10 or 12 year for this to find out. Lets see 1996 + 12 = 2008. Blame the guy that got HUGE campaign contrigutions from Fannie Mae and Freddy Mac and its employees who were making $100,000.00 of dollars a year for writing loans to people and putting them into position to lose their houses. Remember the ads - roll your credit card debt into your house loan, roll your car loan into your house loan and deduct your interest from you income tax. Good idea but not when you take and extra 5,000 to 20,000 out against your house and then you can not pay it back. DAH! You were gready, you listened to someone who was profiting by you going deeper and deeper in debt - now you are going to loose your house and I am sorry I do not feel sorry for you that rolled up your credit card debt several times and then put it against your house. You were living beyond your paycheck and now it is pay day.

re: The Week Ahead: Throw out the rulebook?

Kenneth — Tue, 30 Sep 2008 04:05:35 GMT

President Bush, and the congress did not listen

to the american people.................

Polls showed that over 70% of americans were

against the Bailout Plan...............

The american people spoke and

we pay the taxes.........

What about a Bailout Plan for those

who are losing there homes or can't

afford the payments any longer.........

unemployed, and no jobs and no health insurance,

high gas and grocery prices............

Oh yes, what about the american citizens

who unemployment beneifits have been exaushted............

President Bush, Congress.................HELP!!!!!!!!!!!!!!!!!

The American People, Voters, and Taxpayer need

a, BAILOUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

re: The Week Ahead: Throw out the rulebook?

DD — Tue, 30 Sep 2008 03:36:57 GMT

Too bad we cannot simply have a vote of no confidence in our government and none of the above for President. Is anyone out there looking out for the good of the people in this good old USA or has everyone taken with the greed and apathy bugs. Let's let our government allow more jobs to go to China, Korea, Mexico and open more fast food parlors. I am a little more than miffed about the downturn over the past few years. Are our politicians selling us out, because it's obvious they are not listening!!!

re: The Week Ahead: Throw out the rulebook?

Yo Mama — Tue, 30 Sep 2008 01:52:06 GMT

This bailout should not be for the corporate guro's. The government needs to bailout Middle Class America. the people that have worked their whole lifes to obtain the "American Dream" and are now losing everything because of poor decisions by the exact people and firms that made this mess. Why should the American taxpayers be responsible to Bailout these billion dollar executives that made poor poor decisions. They should be held responsible and make it right. I am absolutley opposed to putting one of my dollrs that I work soooo hard for everyday towards this bailout. The government should poor this money to the exact people that can rescue the markets and that is the American citizens that spend everyday in this market. Give us something to spend, people are choking right now suffering to keep their heads above water to pay bills. Send this money to the people!!!

re: The Week Ahead: Throw out the rulebook?

Charles Pierce — Sat, 27 Sep 2008 18:05:28 GMT

The problem I have with all the finacial subprime mess is that the preferred share holders who is always covered some way in every merger,take over,and bankruptsy . But the common share holders is always left out in the cold with no options, even though they put a lot of cash in the companys to help support and grow the company to reap a few of the benifits just like the prefered share holder. I have lost a lot of cash in this financial crisis in the common shares through Freddie Mac, AIG, WA-MU, & now looks like Wachavia. I will never buy another common share as long as I live until the common share holder has the same benifits as the preferred share holder. Something should be done. Charlie