Got to agree with the Dems on this one

[mhall]

Alright I agree we have to bail out some of these Monster companies or else we are probably gonna go into a dang depression. But why are these CEO crooks that caused this problem to start with being able to walk away with MILLIONS of dollars. Sorry fellers but I have a real problem with that one. They shouldn't get one red cent in fact they should have to pay back money for causing the problems in the first place for being greedy idiots. This one really gets under my skin......... badly.

[Bobby Headrick]

I agree with you on this. It looks like if the CEO's made extra big bonuses then could they have gave some back to help keep their co afloat, some of these guys walked away with millions, and now we get stuck with the bill. AIG insures my retirement and other fed and state jobs retirement, now that gov is going into the hsing and mortage market with this other bailout, Mark what are we to do? Are we in a ression yet? Sure looks like it now.

[DJD]

Not sure what to agree on? Help me out because I guessed I missed something. (gotta be careful before I agree with a Lib)

What gets under my skin is that "Barry" acts like there was not one single Lib responsible for this. It's all Bush's fault..wrong! My thought is that because of all this foolish subprime lending it has caught up with the crooked lenders, make them pay and lose any job they have now or in the future with money. Wonder if any push on equal rights for minority buyers helped push these no money down, first time buyers, variable rate loans through in order to be fair?

What about me? I did it the right way do I get any help? I could use it. Do all these fools who can't pay their loans get off scott free? I'm pissed........ especially if ALOT of idiots get a free ride on my dollar. I don't understand all of this yet but did I mention that I'm pissed off big time.

[Devils Horse]

Till June the former CEO of Fannie Mae, Frank Raines was in charge of selecting VP candidates for BO.

Barack Obama has gotten $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac. Second only to Christopher Dodd, Connecticut Democrat and Senate Banking Committee chairman who's raked in $165,000. Hillary has also gotten a nice drink from the well to the tune of $75,000.

McCain co sponsored a bill in Jan. 2005 that would've produced regulations for the 2 Macs. Near as I can tell the bill has been ensnared in the Committee on Banking, Housing, and Urban Affairs since July 2005. Now Fannie and Freddie are on fire and the the government is using our money as water to put them out.

Yep, we need some change alright, but not Obama's brand of change.

[mhall]

Fellas let's put away who got what out of who, blah blah blah, just for a moment. I don't know who's fault it is I'm not smart enough for that. All I am saying is if we are going to bail people out of the hole, CEO'S SHOULD NOT be walking away with millions of tax payers dollars and that is exactly what is happening. They have to legally disclose these figures for the public record and what these thieves are walking away with is past sinful. Forget about politics just for a bit and look at this for what it is, INSANE at best. The American taxpayer should be outraged, I know I am, it's sickening.

[mhall]

I did read the other day where John McCain warned anyone who would listen that Fannie and Freddie both were on the road to disaster, this was over two years ago. And this was a liberal writer who wrote this so if he said something positive about McCain it must be true.

[Devils Horse]

Fellas let's put away who got what out of who, blah blah blah, just for a moment. I don't know who's fault it is I'm not smart enough for that. All I am saying is if we are going to bail people out of the hole, CEO'S SHOULD NOT be walking away with millions of tax payers dollars and that is exactly what is happening. They have to legally disclose these figures for the public record and what these thieves are walking away with is past sinful. Forget about politics just for a bit and look at this for what it is, INSANE at best. The American taxpayer should be outraged, I know I am, it's sickening.

Mark, don't see how 'who got what out of who blah blah blah' can be put aside, since that's pretty much what it all usually comes down to.

I assume you're calling for government regulation to keep CEO's from walking away with millions while companies' employees are layed off and their retirement savings wrecked. If you want to forget about politics, how would you have us fix it? Armed rebellion?

I agree something needs to be done, I just don't know what. The federal government has already proven they can't manage our money, let alone properly regulate private interprise.

Maybe a simple new federal regulation saying the officers of a publicly traded company can only make up to X amount in salary including bonuses and stock/options. There is a minimum wage, maybe it's time for a maximum wage.

That sorta gives me the creeps though, I'm leery of the very notion of too much government involvement with companies, mandatory salary caps, etc.

[know1]

I absolutely oppose the bailout. I think it's wrong to do this and even more wrong to use our tax dollars for it.

Where does the government draw the line at bailouts, anyway? I suppose my company is too small to bailout.

I guess if the government is going to bail them out, I do agree that the executives shouldn't walk away with bunches of money, but then again what is too much? Should the regular employees' pay be cut too as long as we're at it? I do not think the government should have anything to do with telling private businesses how to operate and how much to pay people.

[DJD]

I don't know the details but does this mean they own these business'? Did they just give them a low interest loan to cover the potentially bad upcoming debts? I guess I need to bone up on what they have done because the more I think about it the more cornfused I get.

[MrSplitshot]

I also don't claim to be anything but confused on this deal, but the notion of the government regulating the "maximum" amount that some stuffed shirt who runs a company can make bothers me a little bit...but at the same time, the thought of the government bailing out some company that failed while the CEO walks away or gets to keep a job making millions bothers me too.

Neither seems "right" to me at the core, so it's a toss up. I think everything coming to a head 40 days from a Presidential Election is making things worse, because both sides are using it as a focus point for political pot-shots.

Nobody's there to bail me out when I've mismanaged my money during the month, bought too much fishing stuff at Backwaters, and can't afford to pay my electric bill. It's my fault - Maybe I should have to sit there in the dark with my new spinning rod and read Bassmaster by candlelight. I wouldn't expect DJD and Devils Horse and Mhall to take some extra money out of their paychecks to pay my electric bill for me. Maybe that's too simple a way to look at it, but maybe it's not.

Bottom line: You aint going to pay Paul without robbing from Peter. I'm afraid our messed up government is the kind that will rob from Peter, then write a cold check to Paul.

[TimE]

I also don't claim to be anything but confused on this deal, but the notion of the government regulating the "maximum" amount that some stuffed shirt who runs a company can make bothers me a little bit...but at the same time, the thought of the government bailing out some company that failed while the CEO walks away or gets to keep a job making millions bothers me too.

Neither seems "right" to me at the core, so it's a toss up. I think everything coming to a head 40 days from a Presidential Election is making things worse, because both sides are using it as a focus point for political pot-shots.

Nobody's there to bail me out when I've mismanaged my money during the month, bought too much fishing stuff at Backwaters, and can't afford to pay my electric bill. It's my fault - Maybe I should have to sit there in the dark with my new spinning rod and read Bassmaster by candlelight. I wouldn't expect DJD and Devils Horse and Mhall to take some extra money out of their paychecks to pay my electric bill for me. Maybe that's too simple a way to look at it, but maybe it's not.

Bottom line: You aint going to pay Paul without robbing from Peter. I'm afraid our messed up government is the kind that will rob from Peter, then write a cold check to Paul.

wHILST i rarely can follow Devils Horse post with wiser words,Splitshot you done pretty good.

[BarkelyPup]

I also don't claim to be anything but confused on this deal, but the notion of the government regulating the "maximum" amount that some stuffed shirt who runs a company can make bothers me a little bit...but at the same time, the thought of the government bailing out some company that failed while the CEO walks away or gets to keep a job making millions bothers me too.

Neither seems "right" to me at the core, so it's a toss up. I think everything coming to a head 40 days from a Presidential Election is making things worse, because both sides are using it as a focus point for political pot-shots.

Nobody's there to bail me out when I've mismanaged my money during the month, bought too much fishing stuff at Backwaters, and can't afford to pay my electric bill. It's my fault - Maybe I should have to sit there in the dark with my new spinning rod and read Bassmaster by candlelight. I wouldn't expect DJD and Devils Horse and Mhall to take some extra money out of their paychecks to pay my electric bill for me. Maybe that's too simple a way to look at it, but maybe it's not.

Bottom line: You aint going to pay Paul without robbing from Peter. I'm afraid our messed up government is the kind that will rob from Peter, then write a cold check to Paul.

Well Said. I have finally found somthing that I do not agree with My Republican Party on. Don't get me wrong I don't agree with the Libs either. I think These companies should be allowed to fail. Period. We may go into a depression or we may not. But just because ignorant people made bad decisions is no reason for tax dollars to bail them out. Tax Dollars should be spent on 3 things. Defense, Roads, and Garbage Pickup. Let the free market work. Now if taxes are raised as b.o. wants to do on these so called rich companies then we will for sure go into a recession. You will see buisnesses fall left and right. Especially small ones. Now for what its worth I don't care who is to blame. I have a good idea who is but we as a people need to stand up to put an end to this. Somthing has to be done about Politicians hands in all the lobbying cookie jars. When money is involved Politicians have no buisness taking a dime from them. It makes them look guilty. What was it that was said about a pig and chapstick or somthing like that. Well it still squeels in the dark. Anyway you get the message or at least I hope you do. Now. Who is with me on getting politicians hands out of cookie jars? Ohh yeah let me know how you think we can do this too.

Thanks for Reading and May God Bless

bP


McCain - Palin '08