Comments on: What should be next for the bailout plan? http://caffertyfile.blogs.cnn.com/2008/09/30/what-should-be-next-for-the-bailout-plan/ Tell Jack how you really feel Sat, 19 Dec 2009 00:00:35 +0000 http://wordpress.com/ hourly 1 By: Neatha from Kansas City http://caffertyfile.blogs.cnn.com/2008/09/30/what-should-be-next-for-the-bailout-plan/#comment-680016 Neatha from Kansas City Tue, 30 Sep 2008 21:23:05 +0000 http://cnncaffertyfile.wordpress.com/?p=1937#comment-680016 The market is balancing itself, and there has not been any bank runs and we are not yet standing in soup lines. The concept that if we don't give Sec. Paulson $700 billion today that the sky will fall is just a scare tactic. There a numerous economist that would be more than happy to work with the House and Senate committees on other options to help those poor fat banks. Let us keep in mine that there are a number of banks that are not failing. So some of them are doing what is right. Let's reward them, help the average Joe and small business, then if there is anything left, (and we have fired all the CEO's without packages) help out those poor greedy banks. Then reinstate all the post depression regulations, that the Republicans worked so hard to get de-regulated. The market is balancing itself, and there has not been any bank runs and we are not yet standing in soup lines. The concept that if we don't give Sec. Paulson $700 billion today that the sky will fall is just a scare tactic. There a numerous economist that would be more than happy to work with the House and Senate committees on other options to help those poor fat banks. Let us keep in mine that there are a number of banks that are not failing. So some of them are doing what is right. Let's reward them, help the average Joe and small business, then if there is anything left, (and we have fired all the CEO's without packages) help out those poor greedy banks. Then reinstate all the post depression regulations, that the Republicans worked so hard to get de-regulated.

]]> By: John - VA Beach, VA http://caffertyfile.blogs.cnn.com/2008/09/30/what-should-be-next-for-the-bailout-plan/#comment-680007 John - VA Beach, VA Tue, 30 Sep 2008 21:22:48 +0000 http://cnncaffertyfile.wordpress.com/?p=1937#comment-680007 The first checks written from this bailout plan should be to the American taxpayers that are facing foreclosure to save their homes and give them 6 or 9 months to get their finances in order. The 2nd check should be written to create a reserve account of credit for small business owners (with good credit and thriving businesses) to give them access to funds to keep their businesses going and then we can talk about wall street The first checks written from this bailout plan should be to the American taxpayers that are facing foreclosure to save their homes and give them 6 or 9 months to get their finances in order. The 2nd check should be written to create a reserve account of credit for small business owners (with good credit and thriving businesses) to give them access to funds to keep their businesses going and then we can talk about wall street

]]> By: Don DePasquale http://caffertyfile.blogs.cnn.com/2008/09/30/what-should-be-next-for-the-bailout-plan/#comment-679992 Don DePasquale Tue, 30 Sep 2008 21:22:28 +0000 http://cnncaffertyfile.wordpress.com/?p=1937#comment-679992 The next bailout plan should do nothing more than to make possible for people, whose mortgage has forced them into foreclosure, to renegotiate at a lower rate so they can continue to live in their homes. Not a cent for the speculators who drove up prices so they could flip and make a profit. Not a cent for the companies whose predatory lending practices led us into this mess. And sensible regulation so we don't repeat this folly The next bailout plan should do nothing more than to make possible for people, whose mortgage has forced them into foreclosure, to renegotiate at a lower rate so they can continue to live in their homes. Not a cent for the speculators who drove up prices so they could flip and make a profit. Not a cent for the companies whose predatory lending practices led us into this mess. And sensible regulation so we don't repeat this folly

]]> By: Ken Hill http://caffertyfile.blogs.cnn.com/2008/09/30/what-should-be-next-for-the-bailout-plan/#comment-679986 Ken Hill Tue, 30 Sep 2008 21:22:11 +0000 http://cnncaffertyfile.wordpress.com/?p=1937#comment-679986 I threatened my congressman with running against him if he voted for the bail out. Well guess what, he voted for it. So I guess I'm running in 2010, and I'm gonna beat him like a drum! Ken Greenville, SC I threatened my congressman with running against him if he voted for the bail out. Well guess what, he voted for it. So I guess I'm running in 2010, and I'm gonna beat him like a drum!

Ken
Greenville, SC

]]> By: Patrick of Canton, Ohio http://caffertyfile.blogs.cnn.com/2008/09/30/what-should-be-next-for-the-bailout-plan/#comment-679982 Patrick of Canton, Ohio Tue, 30 Sep 2008 21:22:04 +0000 http://cnncaffertyfile.wordpress.com/?p=1937#comment-679982 Why isn't the government forcing these executive boards to be terminated? These people screwed us in so many and so it should be their turn. We can't let the companies fail, that's a given, but we can and should dismiss the fool that got us here. That should be the first order of business, and any plan that does not propose this is flawed. Secondly you got to give more assurance that taxpayers are going to see that money again. Buying the failed and stuck mortgages does not guarantee we can sell them for a profit, especially if the economy downturns again. Maybe use the bailout money and buy massive shares in the companies that need it and disburse those share amoungst ALL of the tax paying public(which we could do several times over.) If you do that the companies get the money they need, and people can stand to make a better individual profit or minimize the loss by simply exchanging the stock for its value depending how the market adjusts. Anyways that's my two cents and I hope everybody in the US realizes that the people are making the politicians scramble today, as we rightly should, let's make them work for us, but let's all share our personal ideas too lest the government fail us with a crappy bailout package again. Why isn't the government forcing these executive boards to be terminated? These people screwed us in so many and so it should be their turn. We can't let the companies fail, that's a given, but we can and should dismiss the fool that got us here. That should be the first order of business, and any plan that does not propose this is flawed.

Secondly you got to give more assurance that taxpayers are going to see that money again. Buying the failed and stuck mortgages does not guarantee we can sell them for a profit, especially if the economy downturns again. Maybe use the bailout money and buy massive shares in the companies that need it and disburse those share amoungst ALL of the tax paying public(which we could do several times over.) If you do that the companies get the money they need, and people can stand to make a better individual profit or minimize the loss by simply exchanging the stock for its value depending how the market adjusts.

Anyways that's my two cents and I hope everybody in the US realizes that the people are making the politicians scramble today, as we rightly should, let's make them work for us, but let's all share our personal ideas too lest the government fail us with a crappy bailout package again.

]]> By: Julie from Ohio http://caffertyfile.blogs.cnn.com/2008/09/30/what-should-be-next-for-the-bailout-plan/#comment-679977 Julie from Ohio Tue, 30 Sep 2008 21:21:59 +0000 http://cnncaffertyfile.wordpress.com/?p=1937#comment-679977 Jack, So here we are once again with our leaders blaming each other for the failed bail out package, and then taking a couple days off. I'm astounded by the actions of our entire government in this crisis. What should be next, well how about this, how about they actually ask us we the people what we want? Jack,
So here we are once again with our leaders blaming each other for the failed bail out package, and then taking a couple days off. I'm astounded by the actions of our entire government in this crisis. What should be next, well how about this, how about they actually ask us we the people what we want?

]]> By: Nicole, Vancouver, WA http://caffertyfile.blogs.cnn.com/2008/09/30/what-should-be-next-for-the-bailout-plan/#comment-679975 Nicole, Vancouver, WA Tue, 30 Sep 2008 21:21:57 +0000 http://cnncaffertyfile.wordpress.com/?p=1937#comment-679975 Jack, Give each legal, adult taxpayer $1 mil, which they would pay taxes on, of course. That's only about $200 Mil.. Much cheaper and you would see the first return to the feds (in taxes) and the economy, banks, businesses and everything else would recover immediately. Dahhhhh.... Jack, Give each legal, adult taxpayer $1 mil, which they would pay taxes on, of course. That's only about $200 Mil.. Much cheaper and you would see the first return to the feds (in taxes) and the economy, banks, businesses and everything else would recover immediately. Dahhhhh....

]]> By: Joanne Buck http://caffertyfile.blogs.cnn.com/2008/09/30/what-should-be-next-for-the-bailout-plan/#comment-679973 Joanne Buck Tue, 30 Sep 2008 21:21:54 +0000 http://cnncaffertyfile.wordpress.com/?p=1937#comment-679973 The next step in the bailout should be Congress bailing out of WA and let us bring some intelligent people into WA. Congress is a joke - childish and immature (w/exceptions of about 12 of them) to say the least as it is all a game with those clowns. They are for "self" first and to heck w/the Country. Only 3% of Mortgages are in trouble and the dishonest BAnks made such a mess out of those securities by playing engr games that the toxic assets should be given to a bank w/leadership skills and let the fraudulent banks go under. Gov't can prop up the honest banks. The victims of predatory lending should be helped. WE MIGHT HAVE TO GO BACK TO PAY AS YOU GO ..... WON'T THAT BE SOMETHING DIFFERENT FOR AMERICANS. TO BUY WHAT WE CAN AFFORD. Joanne Buck Minneapolis, Mn The next step in the bailout should be Congress bailing out of WA and let us bring some intelligent people into WA. Congress is a joke – childish and immature (w/exceptions of about 12 of them) to say the least as it is all a game with those clowns. They are for "self" first and to heck w/the Country.
Only 3% of Mortgages are in trouble and the dishonest BAnks made such a mess out of those securities by playing engr games that the toxic assets should be given to a bank w/leadership skills and let the fraudulent banks go under. Gov't can prop up the honest banks.
The victims of predatory lending should be helped.

WE MIGHT HAVE TO GO BACK TO PAY AS YOU GO ..... WON'T THAT BE SOMETHING DIFFERENT FOR AMERICANS. TO BUY WHAT WE CAN AFFORD.
Joanne Buck
Minneapolis, Mn

]]> By: greg http://caffertyfile.blogs.cnn.com/2008/09/30/what-should-be-next-for-the-bailout-plan/#comment-679968 greg Tue, 30 Sep 2008 21:21:43 +0000 http://cnncaffertyfile.wordpress.com/?p=1937#comment-679968 both canidades are playing chicken, niether one wants to take complete responsibility for this "bailout". In the mean time the 23% approval president and his band of monkeys in congress cant see the real picture on main street. Great Depression number 2 is coming, heck it is here both canidades are playing chicken, niether one wants to take complete responsibility for this "bailout". In the mean time the 23% approval president and his band of monkeys in congress cant see the real picture on main street. Great Depression number 2 is coming, heck it is here

]]> By: Lynn Lahman http://caffertyfile.blogs.cnn.com/2008/09/30/what-should-be-next-for-the-bailout-plan/#comment-679967 Lynn Lahman Tue, 30 Sep 2008 21:21:41 +0000 http://cnncaffertyfile.wordpress.com/?p=1937#comment-679967 There is no next step.......let it fail and let the market straighten the mess out on its own. The market is more efficient at doing this than Washington, and the American people are more intelligent than Washington. Let's eliminate the ability of Washington to vote on bills and turn the responsibility over to the American public. We'll all be better off! Lynn Phoenix There is no next step.......let it fail and let the market straighten the mess out on its own. The market is more efficient at doing this than Washington, and the American people are more intelligent than Washington. Let's eliminate the ability of Washington to vote on bills and turn the responsibility over to the American public. We'll all be better off!

Lynn
Phoenix

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