A bailout for bond insurers. How about big banks?

re: A bailout for bond insurers. How about big banks?

Fortunate one — Sun, 21 Dec 2008 03:13:45 GMT

Doug,

Take another look, please.

Municipal Governments are cutting money and employees like heck to make sure their issued bonds are valid and secure for holders.

Meanwhile, the Federal Government is printing money like heck and giving it away to executive criminals in the order of many millions to bail their butts out for their bad business decisions.

And it's me, the taxpayer, that the fed mandates me to pay future taxes to pay off the crooks that ran this bull junk economic mess that was their own doing.

My buck used to be worth as much as the next guys buck. Now the feds say they are guaranting private companies and jobs based on my buck and knowing they can tax my buck when they want to.

Never mind my own thoughts.

I riding my municipal bonds until I can convert to cash. Then I'm leaving the country!

re: A bailout for bond insurers. How about big banks?

Larry Clockwant — Wed, 12 Nov 2008 02:28:58 GMT

Everyone wants a bailout. When times were good we used to see hundreds of pieces of furniture a week at my upscale furniture store! When are they going to bailout my upscale furnitute store that only sold three used matresses this week? Things are sure bad for me, you call it a recession, I call it a depression. We haven't eaten in two days. The pet chickens are running scared. If you don't believe me have a look for yourself!

www.youtube.com/watch

re: A bailout for bond insurers. How about big banks?

michael — Fri, 19 Sep 2008 14:51:24 GMT

Why is everyone in shock? This has been happening since the creation of the federal reseve in 1913.The worlds monarchy famalies own the fed. it is another private corporation.Socioeconomic servitude, we are all slaves, the other corporations serve as tax colectors and money launderers for the worlds monarchies.converting worthless paper and now electronic money into gold ,while along the way taxing every time the "money" changes hands .

re: A bailout for bond insurers. How about big banks?

Ray — Fri, 19 Sep 2008 05:12:38 GMT

it is impossible for government regulators to come up with financial bailout plan when the president who has himself admitted that he was only a C student is leading the team. It is apparent by the refusal to help Lehman then the decision to say no to AIG then their change of mind and say yes , then to everyones surprise they decide to take control of AIG only bcause they gave them a loan that they are not capable of fixing anything. They all need to be terminated, anyone on this site could do a better job. Shareholder confidence can only be increased if the government also bails out the shareholders of fannie, freddie, lehman and AIG. Destroying shareholder value hurts the financial system. The government cause the problems not the shareholders they need to be fired.r

re: A bailout for bond insurers. How about big banks?

Arctec — Sun, 10 Aug 2008 23:39:39 GMT

Here is a list of Banks that may fail and go bankrupt.

bankruptbanks.blogspot.com

re: A bailout for bond insurers. How about big banks?

Andrew Guerin - Words from a Banker — Fri, 08 Aug 2008 16:59:08 GMT

You all need to relax, and let the Government do their Job. I had a huge Mortgage Company that was killed by the DNC list, almost lost my home, went bankrupt, etc...

We are guilty of living beyond our means people, big homes, fancy cars, and expensive dinners. Reality check, it's time for survival of the fitest. Don't complain about helping the Banks, the rates will be lowered driving the housing market to come back, and maybe then the values will come back. What's wrong with that?

I hope the Government would spilt bonds so everone entrusts in the housing market again. I believe a split in bonds will bring rates back down to 4.75% fixed for 30 years and 4.25% for 15 years, stimulating the Market. Piece*

re: A bailout for bond insurers. How about big banks?

Dale — Fri, 28 Mar 2008 20:25:15 GMT

So. When is anyone going to start talking about jailing the ones responsible for this mess. The Enron stooges are doing time. Why not the Wall Street and Bank stooges?

re: A bailout for bond insurers. How about big banks?

cathy — Fri, 01 Feb 2008 23:09:12 GMT

I think Isabella has a brilliant idea............ Why not reduce the sub prime loans to an interest rate these sub prime borrowers can handle to keep their homes. The only people this will affect negatively are the people (banks/mortgage co) who took advantage of the system to begin with. I am totally against bailing out the banks as we have to allow our corp and personal decisions to have the consequences of good and bad decisions. I am appauled that the system allows for greed to sway the gerneral market and affect all of us who live with in our means!!!!!!!

re: A bailout for bond insurers. How about big banks?

jim — Fri, 01 Feb 2008 04:28:33 GMT

I find it ironic that the big banks turn to over seas institutions to borrow money at 8 to 12% to bail themselves out but they only pay 3% and soon to be much less to Americans who have savings accounts in the same banks. No wonder the country is in the crapper. Think of what paying a decent interest would do to pick up the economy if it were paid to our citizens and not to some Arab rag head that already has boxes of cash stuffed in his closet. Our leaders are as stupid as stupid gets.

re: A bailout for bond insurers. How about big banks?

YogiBear — Fri, 01 Feb 2008 02:12:46 GMT

I think all of the banks, brokerage firms, mortage companies, etc. etc should ALL have to EAT their losses, and let them go bankrupt or bought out if they are worth saving. I also think the FED should not have made the recent (or last fall) interest rate cuts. The FED and Fed. Govt. Officials (Bush and the rest) know that the GIG is about up! Meaning this whole derivative driven "house of cards" could collapse and lead to a worldwide depression and deflation, so they WILL continue to lower interest rates and pump liquidity to every corner of finance they can, all in an attempt to keep our "modern" day financial system from collapsing.

The FED (and Bush Admin.) are absolutely horrified that we will enter a recession, which is why they lowered the interest rate to 1% last time and kept it there for a very long time (which of course created the housing bubble and current mess). What is the FED so afraid of that they will do ANYTHING to avoid a recession? DEFLATION!!! They are afraid if they let the economy go into to a recession it could "get away from them on the downside". They can "control" inflation in that everything works "okay" as long as everything is going UP. It's when housing prices, cars, etc. start to fall in value that people will start to walk away from their debt obligations, and then everything would start to collapse WORLD WIDE! The FED will do everything it can (and continue to drive down the value of the US dollar in the process), to save us from deflation. I mean who wants it to fall apart during THEIR time in office, NO ONE!

The problem is the FED lowering interest rates and the Federal Government giving tax rebates etc. (that it can't afford- that will just add another $150,000,000,000 to the already $10,000,000,000,000 Federal Debt) is like trying to cure an alcoholic by giving him/her a bottle of his/her favorite alcoholoic beverage. DEBT is what we already have TOO MUCH of, but the ONLY think the FED can do is promote more debt in order to keep the consumer spending, in order to try and keep us from going into a recession, in an attempt to keep the economy from collapsing. Think I'm crazy? History says otherwise!! The main thing that has allowed it to go on this long and to the extremes it's gotten to is because of our instant world-wide communication capabilities, and the creation of ever imaginative derivatives etc. to "keep the gig going." I have no idea when or exactly how it will end (our modern day economy with its high debt levels), but I'm certain it "will end very badly."

The two biggest mistakes made in US HIstory: 1) When Nixon cut the US dollar from being backed by Gold, and 2) the creation of the Federal Reserve in 1913