Why should these companies on Wall Street or people who bought homes they could not afford be bailed out. ?

How bout a student loan bailout for me. Where does this all endWhy should these companies on Wall Street or people who bought homes they could not afford be bailed out. ?
The persons who promoted the forced legislation on the banking and mortgage industries to provide loans for persons who did not have the financial resources to repay the loans....these persons should be held accountable before congress and sent to prison. The monies that they received thru this economic crisis should be ripped from their assets, re-distributed and paybacks made. They should not ever be allowed any governement nor private posts of employment.





';You've got Franklin Raines, who was forced out of Fannie Mae, who is now an economic advisor to Obama. You have Jim Johnson who worked at Fannie Mae, he's now a Barack economic advisor. '; (1)





';...liberals run Freddie Mac and Fannie Mae as nothing more than little instruments of their own political advancement and survival, they dole out campaign contributions to Democrats, candidates and so forth.'; (1)





';The people who destroyed the home mortgage business are now totally in charge of it, while blaming the free market and capitalism. This is not about blaming Bush. This is socialists at war with capitalism doing what they can to tar and feather capitalism so that more and more people will accept more and more government in charge of more and more free enterprise, because that equals their power. Plus, they're not idiots. They know that this can't be sustained forever. Just as long as it can be sustained while they're alive, so that they have power while they're alive and that they can enjoy life when they're alive, but they know the bill is going to come due at some point. They're just going to make sure it doesn't come due when they're around.'; (1)





All we little guys can do now is watch and pray and hope for the best, that when the dust settles, we're not facing a 3rd world status.





092208 4:50Why should these companies on Wall Street or people who bought homes they could not afford be bailed out. ?
The worse the economy does going forward, the more this bailout is going to cost as home prices fall further and more Wall Street debt goes bad. Dramatic cuts in corporate and capital gains taxes might be a good start. This might be the ultimate case for tax cuts paying for themselves. In addition, we need to reform entitlements and reduce that $40 trillion in long-term liabilities. Doing so would send a message to global markets that America is getting its financial and fiscal house in order.As far as helping borrowers reconstruct their mortgages no we have more important things to do now if we don't fix this problem the responsible homeowner with a mortgage will suffer and our 401k's. I'm sorry but who takes out a loan without a fix rate who cannot afford d a house to begin with and then want the American people to bail them out.. I don't think so let's save the market! Let's not forget Obama's plan is to increase capital gains tax I told you he was not the sharpest pencil in the pack.






I don't like this bailout much either, but the fear is that there will be chaos in the banking industry and wall street without the bailout, which could lead to a run on banks and general depression like in 1929. That would lead to job losses and financial losses to millions. I hope the ';experts'; know what they are doing.
People could afford the loans when they bought their houses. No one figured on a second Bush recession.





Homes are worth less, those who have to sell cannot pay off their mortgage.





People are out of work.





Those who are working are paying less.








Could you afford your home if all of the wage earners in your household got laid off because of Republican policies? Does that make it your fault?





You Republicons are so out of touch with real Americans. No wonder you think McCain and Palin are good choices.
Because if this continues the economy will suffer, you may not have a job to go to or go into a great depression. Your property value will continue to go down. Inflation will continue to rise, without increasing compension. We can point fingers all we want to. the truth is the banks, took advantage of people who desparately wanted to have the american dream of owning a home. Which only lasted for a short while both are to blame. But the greediness of the banks are catching up to them. We have got to find a solution, sitting around and watching it crumble is not a intelligent options. Everyone will be impacted.
in order to bring back the economy back to where it is running good is why they are doing that for the banks and for the ones that are losing there homes they also need there help because the country and the economy arent very good at this point when that happens to everybody that has happened to but as for your student loan find out about it they may even help you
They shouldn't be bailed out. The problem is that if they are not bailed out, the economy will go into the toilet.





McCain was right a few years ago when he predicted this. He wanted to attack the problem then....before we got here, but the dems INCLUDING OBAMA blocked that legislation.





Now, in a down economy with this bailout increasing the deficit, Obama STILL wants to increase spending by another trillion dollars.





Obama would send this country into a depression which would rival the Great Depression if not dwarf it.





Buffy...when I had a mortgage, I could pay it off with a layoff. I kept my mortage payments low enough and enough of a nest egg to not put myself in this position. I also did not assume that the real estate market would go up 100% of the time and take stupid financing that would put me into bankruptcy with a small hickup in my finances. Sorry, but this problem rests on the idiots who strapped themselves to the last dollar buying all the house they possibly could. I have been a licensed Realtor was selling during this time. I can honestly say that I turned away 15 people who wanted to strap themselves like that...they were pushing like hell to buy all that they could no matter how much I told them to buy less in a non-risky loan program. 12 of those went to other Realtors...11 of those are in or on the verge of foreclosure. It was not the Realtors or the lenders. It was the pushy buyers who knew that there were programs which would let them pay minimum payments and get maximum house. I still sold 5 times what the average Realtor sold, and NOT ONE of my clients are in financial trouble with their homes.
I hear you. But if we didn't rescue the greedy nincompoops we would have a depression. It's just deregulation. Deregulation did this. If we want to deregulate everything, why have a government at all? Why pay taxes? But we go over and spend all of our hard earned money and regulate the middle east. Sick.
Read your history because its all going to end in the greatest catastrophe the world has ever seen. Its going to be a meltdown like in 'The China Syndrome.'
not happy with bailout,only good side is there are assets ,if houses sell we get money,student loans there is no upside. in long run it might be a bonus,but just sucks we are in this situation
They should not be bailed out.