Comments on: Govt. bailouts or free market corrections? http://caffertyfile.blogs.cnn.com/2008/09/26/govt-bailouts-or-free-market-corrections/ Tell Jack how you really feel Sat, 19 Dec 2009 00:00:35 +0000 http://wordpress.com/ hourly 1 By: DR (Seattle, WA) http://caffertyfile.blogs.cnn.com/2008/09/26/govt-bailouts-or-free-market-corrections/#comment-663131 DR (Seattle, WA) Fri, 26 Sep 2008 22:34:52 +0000 http://cnncaffertyfile.wordpress.com/?p=1869#comment-663131 Yes, let's bailout all those who folks who bought $400K homes with $40k incomes...(sigh.) Yes, let's bailout all those who folks who bought $400K homes with $40k incomes...(sigh.)

]]> By: Josh (Dallas, Tx) http://caffertyfile.blogs.cnn.com/2008/09/26/govt-bailouts-or-free-market-corrections/#comment-663128 Josh (Dallas, Tx) Fri, 26 Sep 2008 22:34:44 +0000 http://cnncaffertyfile.wordpress.com/?p=1869#comment-663128 I personally feel noone on wall street should be bailed out. Greedy exec's got into this and thier salaries and bonuses should be used to pay it back. Including the money they have already made while getting into this situation. The market will correct itself over time and that is exactly what needs to happen. A bailout by the government will simply lead to more and more of this down the line because nobody learned anything this time. I personally feel noone on wall street should be bailed out. Greedy exec's got into this and thier salaries and bonuses should be used to pay it back. Including the money they have already made while getting into this situation. The market will correct itself over time and that is exactly what needs to happen. A bailout by the government will simply lead to more and more of this down the line because nobody learned anything this time.

]]> By: David http://caffertyfile.blogs.cnn.com/2008/09/26/govt-bailouts-or-free-market-corrections/#comment-663122 David Fri, 26 Sep 2008 22:34:37 +0000 http://cnncaffertyfile.wordpress.com/?p=1869#comment-663122 this is a lot worse than wallstreet. the last generation squandered all that the two before it created. we have to go through a serious depression and start over. that means infrastructure investment, new currency backed with something tangible and a new economy. this is like giving a drug addict their fix, we might get by for 2 or 3 years before they are back asking for 5 trillion next time. this is a lot worse than wallstreet.

the last generation squandered all that the two before it created.

we have to go through a serious depression and start over.

that means infrastructure investment, new currency backed with something tangible and a new economy.

this is like giving a drug addict their fix, we might get by for 2 or 3 years before they are back asking for 5 trillion next time.

]]> By: jimmy http://caffertyfile.blogs.cnn.com/2008/09/26/govt-bailouts-or-free-market-corrections/#comment-663099 jimmy Fri, 26 Sep 2008 22:33:24 +0000 http://cnncaffertyfile.wordpress.com/?p=1869#comment-663099 what if $700B were used to pay off home mortgages? we could keep roofs over our heads and the banks would start getting loans repaid. what if $700B were used to pay off home mortgages? we could keep roofs over our heads and the banks would start getting loans repaid.

]]> By: Darla http://caffertyfile.blogs.cnn.com/2008/09/26/govt-bailouts-or-free-market-corrections/#comment-663096 Darla Fri, 26 Sep 2008 22:33:17 +0000 http://cnncaffertyfile.wordpress.com/?p=1869#comment-663096 No. The Federal Reserve is owned by "Big Business" not by the Government or "The People". The same group that has made the stock market unstable by shorting stocks for profit over the past 10 yrs is the same people who are our banking systems. The banks also profit from the mortgage crisis, as the property defaults back to them, the only problem today is they can't unload it anymore at inflated prices and interest rates. Let it topple so we can build an economy on a solid rock foundation instead of "Big Business" ideals of shifting sands. The government does not step in for the American people and bail them out. Look at the Americans who are on a five-year waiting list for disability or Medicare benefits. If the government doesn't have the money to give back to the people who paid into these programs, where are they getting this enormous sum of money from to help the people who put them in office and created our economic situation? This is one form of change and we didn't even need a new leader to initiate it. No. The Federal Reserve is owned by "Big Business" not by the Government or "The People". The same group that has made the stock market unstable by shorting stocks for profit over the past 10 yrs is the same people who are our banking systems. The banks also profit from the mortgage crisis, as the property defaults back to them, the only problem today is they can't unload it anymore at inflated prices and interest rates. Let it topple so we can build an economy on a solid rock foundation instead of "Big Business" ideals of shifting sands.

The government does not step in for the American people and bail them out. Look at the Americans who are on a five-year waiting list for disability or Medicare benefits. If the government doesn't have the money to give back to the people who paid into these programs, where are they getting this enormous sum of money from to help the people who put them in office and created our economic situation? This is one form of change and we didn't even need a new leader to initiate it.

]]> By: C http://caffertyfile.blogs.cnn.com/2008/09/26/govt-bailouts-or-free-market-corrections/#comment-663094 C Fri, 26 Sep 2008 22:33:15 +0000 http://cnncaffertyfile.wordpress.com/?p=1869#comment-663094 We should not be bailing out banks or Americans who took out credit they couldn't afford. Why should I have to come up with extra money to keep these people in their homes. I live in a small but comfortable home maybe they should do the same and live within their means. People who save to make purchases don't need credit. The credit we are talking about making available would go to the same people who got us to this point. It you don't qualify for a 30yr fixed rate mortgage with 20% down you don't belong in the house. It is proven that without substantial savings you will not be able to keep up with homeownership. I'm tired of social programs that feel like welfare for the greedy. We should not be bailing out banks or Americans who took out credit they couldn't afford. Why should I have to come up with extra money to keep these people in their homes. I live in a small but comfortable home maybe they should do the same and live within their means.
People who save to make purchases don't need credit. The credit we are talking about making available would go to the same people who got us to this point.
It you don't qualify for a 30yr fixed rate mortgage with 20% down you don't belong in the house. It is proven that without substantial savings you will not be able to keep up with homeownership.
I'm tired of social programs that feel like welfare for the greedy.

]]> By: Rick http://caffertyfile.blogs.cnn.com/2008/09/26/govt-bailouts-or-free-market-corrections/#comment-663090 Rick Fri, 26 Sep 2008 22:33:12 +0000 http://cnncaffertyfile.wordpress.com/?p=1869#comment-663090 Enough is enough.The administration has already spent billions of dollars on wall street bailouts without any idea or plan of what they were doing, now they want billions more. This money should be going to the people in this country that really need it and not the executives on wall street. Enough !! Rick Riverton, NJ Enough is enough.The administration has already spent billions of dollars on wall street bailouts without any idea or plan of what they were doing, now they want billions more. This money should be going to the people in this country that really need it and not the executives on wall street. Enough !!

Rick
Riverton, NJ

]]> By: Glenn http://caffertyfile.blogs.cnn.com/2008/09/26/govt-bailouts-or-free-market-corrections/#comment-663043 Glenn Fri, 26 Sep 2008 22:31:43 +0000 http://cnncaffertyfile.wordpress.com/?p=1869#comment-663043 Everybody needs to take 2 steps back and breathe a little. Theres an old saying, any decision that is made by impulse ussually turns out to be a mistake. If the American people give into this bail out, the Government will just come back and ask for more a few weeks from now just like the Iraq war. We have a compulsive, spend now pay later President still at the helm with a popularity poll of somehwere around 20% so why should we believe the fear of personal failure thats driven us the last eight years? I believe this was set up a long time ago to cause an economical collapse to usher in the new world order. Seems as though things are on shcedule. Think about it! Everybody needs to take 2 steps back and breathe a little. Theres an old saying, any decision that is made by impulse ussually turns out to be a mistake. If the American people give into this bail out, the Government will just come back and ask for more a few weeks from now just like the Iraq war. We have a compulsive, spend now pay later President still at the helm with a popularity poll of somehwere around 20% so why should we believe the fear of personal failure thats driven us the last eight years? I believe this was set up a long time ago to cause an economical collapse to usher in the new world order. Seems as though things are on shcedule. Think about it!

]]> By: Peter http://caffertyfile.blogs.cnn.com/2008/09/26/govt-bailouts-or-free-market-corrections/#comment-663038 Peter Fri, 26 Sep 2008 22:31:38 +0000 http://cnncaffertyfile.wordpress.com/?p=1869#comment-663038 The strong survive and the weak die. If I loose ten grand to help pay for this bailout I won't be able to afford to get a loan anyways. Let's just have companies that do buisness smartly and if they don't they will understand the ramifications of not doing so. Lower and middle class familys don't want this legislation and the rich do, thats why most politicians support this bailout. The strong survive and the weak die. If I loose ten grand to help pay for this bailout I won't be able to afford to get a loan anyways. Let's just have companies that do buisness smartly and if they don't they will understand the ramifications of not doing so. Lower and middle class familys don't want this legislation and the rich do, thats why most politicians support this bailout.

]]> By: George http://caffertyfile.blogs.cnn.com/2008/09/26/govt-bailouts-or-free-market-corrections/#comment-663025 George Fri, 26 Sep 2008 22:31:15 +0000 http://cnncaffertyfile.wordpress.com/?p=1869#comment-663025 I oppose the bail out for Wall Street. Intead, there should be relief for homeowners. If they are allowed to refinance at current market values with better terms, they can keep the properties, the banks keep receiving the payments, the taxpayers having more cash to pay other obligations. The difference between what is owed to the banks and the new loans based on curretn appraisal, should be negotiated with the government. I oppose the bail out for Wall Street. Intead, there should be relief for homeowners. If they are allowed to refinance at current market values with better terms, they can keep the properties, the banks keep receiving the payments, the taxpayers having more cash to pay other obligations. The difference between what is owed to the banks and the new loans based on curretn appraisal, should be negotiated with the government.

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