House ignores Bush, rejects $700B bailout bill

[LaL 418]

Regardless of all of the He said-She said BS, I'm just glad it got voted down. Maybe it's just me, but I don't feel like giving my tiny amount of money to help pay the 34 million dollar "bonus" of some f##ktard who helped kill off a "financial giant". They f##ked up; it's their problem. Wall Street can go to hell too, as far as I'm concerned. Heaven forbid people actually have to work for their money...

Platy nooo! This is not about wall street anymore.

[rebeccajo 14]

Regardless of all of the He said-She said BS, I'm just glad it got voted down. Maybe it's just me, but I don't feel like giving my tiny amount of money to help pay the 34 million dollar "bonus" of some f##ktard who helped kill off a "financial giant". They f##ked up; it's their problem. Wall Street can go to hell too, as far as I'm concerned. Heaven forbid people actually have to work for their money...

I'm surprised to hear that.

Sure, these guys fukced up the entire system. But do we let that take down the entire country? Do you think it's mere histrionics when you learn that if credit markets dry up, that jobs will be lost? I can guarantee you that most payrolls in this country are backed by lines of credit, paid back when invoices are paid.

There will be MASSIVE layoffs in this country if this doesn't get fixed. And that is not a joke.

Edited September 30, 2008 by rebeccajo

[luckytxn 2,265]

Regardless of all of the He said-She said BS, I'm just glad it got voted down. Maybe it's just me, but I don't feel like giving my tiny amount of money to help pay the 34 million dollar "bonus" of some f##ktard who helped kill off a "financial giant". They f##ked up; it's their problem. Wall Street can go to hell too, as far as I'm concerned. Heaven forbid people actually have to work for their money...

Platy nooo! This is not about wall street anymore.

It was all about wall street and manufactured money. The house of cards fell.

[SqdnGuns 21]

One bad decision, one after another. All we need is another bad decision to go into oblivion!

Avoid the Broc!!

[luckytxn 2,265]

Regardless of all of the He said-She said BS, I'm just glad it got voted down. Maybe it's just me, but I don't feel like giving my tiny amount of money to help pay the 34 million dollar "bonus" of some f##ktard who helped kill off a "financial giant". They f##ked up; it's their problem. Wall Street can go to hell too, as far as I'm concerned. Heaven forbid people actually have to work for their money...

I'm surprised to hear that.

Sure, these guys fukced up the entire system. But do we let that take down the entire country? Do you think it's mere histrionics when you learn that if credit markets dry up, that jobs will be lost? I can guarantee you that most payrolls in this country are backed by lines of credit, paid back when invoices are paid.

There will be MASSIVE layoffs in this country if this doesn't get fixed. And that is not a joke.

Good. A correction needed to be done. Lets get on with it. Next time in the future start paying attention on your politicians and vote. This mess was coming a long time ago. It was said it would happen but nothing was done. In fact everyone kept feeding at the trough gorging themselves. If this plan had been done it would have meant an even worse outcome in the future. It was a house of cards and came down.

[rebeccajo 14]

Regardless of all of the He said-She said BS, I'm just glad it got voted down. Maybe it's just me, but I don't feel like giving my tiny amount of money to help pay the 34 million dollar "bonus" of some f##ktard who helped kill off a "financial giant". They f##ked up; it's their problem. Wall Street can go to hell too, as far as I'm concerned. Heaven forbid people actually have to work for their money...

Platy nooo! This is not about wall street anymore.

It was all about wall street and manufactured money. The house of cards fell.

Check your 401K balance tomorrow morning and then get back to me about that manufactured money bit.

Regardless of all of the He said-She said BS, I'm just glad it got voted down. Maybe it's just me, but I don't feel like giving my tiny amount of money to help pay the 34 million dollar "bonus" of some f##ktard who helped kill off a "financial giant". They f##ked up; it's their problem. Wall Street can go to hell too, as far as I'm concerned. Heaven forbid people actually have to work for their money...

I'm surprised to hear that.

Sure, these guys fukced up the entire system. But do we let that take down the entire country? Do you think it's mere histrionics when you learn that if credit markets dry up, that jobs will be lost? I can guarantee you that most payrolls in this country are backed by lines of credit, paid back when invoices are paid.

There will be MASSIVE layoffs in this country if this doesn't get fixed. And that is not a joke.

Good. A correction needed to be done. Lets get on with it. Next time in the future start paying attention on your politicians and vote. This mess was coming a long time ago. It was said it would happen but nothing was done. In fact everyone kept feeding at the trough gorging themselves. If this plan had been done it would have meant an even worse outcome in the future. It was a house of cards and came down.

You can't lay this at the feet of Washington unless you are in FAVOR of regulation. And that's not what I'm reading from you. Don't talk out of both sides of your mouth unless you know what you are talking about.

Furthermore, I don't know where you work, but the BIGGER the outfit that you work for, the more likely it is that YOU will take the tumble. Not the guy working for mom and pop.

Edited September 30, 2008 by rebeccajo

[IAMX 3,055]

Regardless of all of the He said-She said BS, I'm just glad it got voted down. Maybe it's just me, but I don't feel like giving my tiny amount of money to help pay the 34 million dollar "bonus" of some f##ktard who helped kill off a "financial giant". They f##ked up; it's their problem. Wall Street can go to hell too, as far as I'm concerned. Heaven forbid people actually have to work for their money...

I'm surprised to hear that.

Sure, these guys fukced up the entire system. But do we let that take down the entire country? Do you think it's mere histrionics when you learn that if credit markets dry up, that jobs will be lost? I can guarantee you that most payrolls in this country are backed by lines of credit, paid back when invoices are paid.

There will be MASSIVE layoffs in this country if this doesn't get fixed. And that is not a joke.

I'm far more worried about there being no lesson learned when the government bails out these companies and we fall into something much worse.

When the people pay for the government's mistake, especially when both they and the government were warned what this mistake would bring, maybe they people get mad enough to do something about it rather than continue with the status quo of shatting on the working middle and low class in favor of the #######-for-tat game with the rich interests.

This country needs to know what it's like to be in an emergent situation because we've been way too gd smug.

[rebeccajo 14]

I'm far more worried about there being no lesson learned when the government bails out these companies and we fall into something much worse.

When the people pay for the government's mistake, especially when both they and the government were warned what this mistake would bring, maybe they people get mad enough to do something about it rather than continue with the status quo of shatting on the working middle and low class in favor of the #######-for-tat game with the rich interests.

This country needs to know what it's like to be in an emergent situation because we've been way too gd smug.

I thought you were hoping it'd all go further to hell so it'd work in your favor for buying a house?

[luckytxn 2,265]

Regardless of all of the He said-She said BS, I'm just glad it got voted down. Maybe it's just me, but I don't feel like giving my tiny amount of money to help pay the 34 million dollar "bonus" of some f##ktard who helped kill off a "financial giant". They f##ked up; it's their problem. Wall Street can go to hell too, as far as I'm concerned. Heaven forbid people actually have to work for their money...

Platy nooo! This is not about wall street anymore.

It was all about wall street and manufactured money. The house of cards fell.

Check your 401K balance tomorrow morning and then get back to me about that manufactured money bit.

Regardless of all of the He said-She said BS, I'm just glad it got voted down. Maybe it's just me, but I don't feel like giving my tiny amount of money to help pay the 34 million dollar "bonus" of some f##ktard who helped kill off a "financial giant". They f##ked up; it's their problem. Wall Street can go to hell too, as far as I'm concerned. Heaven forbid people actually have to work for their money...

I'm surprised to hear that.

Sure, these guys fukced up the entire system. But do we let that take down the entire country? Do you think it's mere histrionics when you learn that if credit markets dry up, that jobs will be lost? I can guarantee you that most payrolls in this country are backed by lines of credit, paid back when invoices are paid.

There will be MASSIVE layoffs in this country if this doesn't get fixed. And that is not a joke.

Good. A correction needed to be done. Lets get on with it. Next time in the future start paying attention on your politicians and vote. This mess was coming a long time ago. It was said it would happen but nothing was done. In fact everyone kept feeding at the trough gorging themselves. If this plan had been done it would have meant an even worse outcome in the future. It was a house of cards and came down.

You can't lay this at the feet of Washington unless you are in FAVOR of regulation. And that's not what I'm reading from you. Don't talk out of both sides of your mouth unless you know what you are talking about.

I did check it. I moved most of the funds into bonds quite awhile ago to capture profits. Like I did before the dot com burst. Luckily I had two good choices of bond funds.

Laying this at the feet of Washington. Maybe we all have misunderstandings about what is regulations. Regulating to me is saying a bank can only operate here and not there. I think competition is good. Telling a business they can't operate somewhere is unfair business practices and creates less incentive to do a good job managing.

Oversight and compliance is different. Now if gthat bank can go and use just their depositors money to then turn around and make loans then so be it. The people have a stake that they are entrusting their bank managers to make good loans and good business practices to stay in bjusiness. Now if that same bank is going to borrow money from a central bank to make more money and profits then they must submit to examination of a oversight board that are complaying with rules set forth. They must open the books and assure they are following sound business practices.

They are both regulations I guess. Now we have seen from looking back many things of oversight that was not done. Why? To get the ok to deregulate and be able to open branches in the Clinton era (with Reps blessing) the rules were changes that banks had to give loans to minorities and such. Not a bad idea at all. I saw no color of someones skin if they could show they were good credit risks. Something went wrong though. At first I saw that the new loans in lower income areas were working. The loans to be approved had to be more relaxed in down payments and credit scores. Banks seemed to be relaxing a bit and approving some of these loans but then a flood gate opened and a few started to get too relaxed and approve most. The economy was humming along for a long time and those few made money so others came on board and more until it was standard to throw good busines practices out the door.

We saw the video where some hearings came up and certain politicians castigated Fannie mae and Freddie mac and other politicians did not. Then Greenspan said later that this meltdown was coming if we did not get back to sound business practices and oversight. He was castigated and asked that maybe he had been around too long and should retire.

Now we are where we should be. A correction was needed and now we pay the piper. If a bailout would have happened then historical economics would have shown that the pain later would have been even worse by several shades. Catastrophic is how I would put it.

What do I know though. I am just a truck driver.

Edited September 30, 2008 by luckytxn

[IAMX 3,055]

I'm far more worried about there being no lesson learned when the government bails out these companies and we fall into something much worse.

When the people pay for the government's mistake, especially when both they and the government were warned what this mistake would bring, maybe they people get mad enough to do something about it rather than continue with the status quo of shatting on the working middle and low class in favor of the #######-for-tat game with the rich interests.

This country needs to know what it's like to be in an emergent situation because we've been way too gd smug.

I thought you were hoping it'd all go further to hell so it'd work in your favor for buying a house?

I don't see where this post disagrees with that.

[Pinocchio Liberal 268]

Regardless of all of the He said-She said BS, I'm just glad it got voted down. Maybe it's just me, but I don't feel like giving my tiny amount of money to help pay the 34 million dollar "bonus" of some f##ktard who helped kill off a "financial giant". They f##ked up; it's their problem. Wall Street can go to hell too, as far as I'm concerned. Heaven forbid people actually have to work for their money...

I'm surprised to hear that.

Sure, these guys fukced up the entire system. But do we let that take down the entire country? Do you think it's mere histrionics when you learn that if credit markets dry up, that jobs will be lost? I can guarantee you that most payrolls in this country are backed by lines of credit, paid back when invoices are paid.

There will be MASSIVE layoffs in this country if this doesn't get fixed. And that is not a joke.

Becca step away from the television!

[rebeccajo 14]

I'm far more worried about there being no lesson learned when the government bails out these companies and we fall into something much worse.

When the people pay for the government's mistake, especially when both they and the government were warned what this mistake would bring, maybe they people get mad enough to do something about it rather than continue with the status quo of shatting on the working middle and low class in favor of the #######-for-tat game with the rich interests.

This country needs to know what it's like to be in an emergent situation because we've been way too gd smug.

I thought you were hoping it'd all go further to hell so it'd work in your favor for buying a house?

I don't see where this post disagrees with that.

I don't see where it supports it. And your comment this afternoon flies in the face of bitter reality.

You won't be getting a bargain in real estate - at least not if you need a loan. Because you won't be able to get one.

Pay attention. The Fed has continued to lower the rate over the last 12 months, but have you seen mortgages rates go down significantly in that time period? No you haven't. That's Econ 101 for you in 'everyday working joe how it affects ME' terms.

Regardless of all of the He said-She said BS, I'm just glad it got voted down. Maybe it's just me, but I don't feel like giving my tiny amount of money to help pay the 34 million dollar "bonus" of some f##ktard who helped kill off a "financial giant". They f##ked up; it's their problem. Wall Street can go to hell too, as far as I'm concerned. Heaven forbid people actually have to work for their money...

I'm surprised to hear that.

Sure, these guys fukced up the entire system. But do we let that take down the entire country? Do you think it's mere histrionics when you learn that if credit markets dry up, that jobs will be lost? I can guarantee you that most payrolls in this country are backed by lines of credit, paid back when invoices are paid.

There will be MASSIVE layoffs in this country if this doesn't get fixed. And that is not a joke.

Becca step away from the television!

It's not television, Mark. Ask them where you work if there's not a line of credit behind the payroll. There's one where I work.

[luckytxn 2,265]

Forgot add. I work for a large outfit. I am one of the best and get it done. Foodstuffs is our bread and butter and anything that needs hauled around here and there. If they do lay me off then so be it. The industry I am in now has been hurt very bad now for awhile. Many layoffs and companies have closed. The housing bubble hurt us as the housing supplies (Before market and after) was getting huge and approaching the largest part of our hauls. It fell flat starting two years ago. That segment is now a fraction of what it was. Luckily people have to eat.

[PlatyPius 5]

I'm far more worried about there being no lesson learned when the government bails out these companies and we fall into something much worse.

When the people pay for the government's mistake, especially when both they and the government were warned what this mistake would bring, maybe they people get mad enough to do something about it rather than continue with the status quo of shatting on the working middle and low class in favor of the #######-for-tat game with the rich interests.

This country needs to know what it's like to be in an emergent situation because we've been way too gd smug.

I thought you were hoping it'd all go further to hell so it'd work in your favor for buying a house?

I don't see where this post disagrees with that.

I don't see where it supports it. And your comment this afternoon flies in the face of bitter reality.

You won't be getting a bargain in real estate - at least not if you need a loan. Because you won't be able to get one.

Pay attention. The Fed has continued to lower the rate over the last 12 months, but have you seen mortgages rates go down significantly in that time period? No you haven't. That's Econ 101 for you in 'everyday working joe how it affects ME' terms.

Regardless of all of the He said-She said BS, I'm just glad it got voted down. Maybe it's just me, but I don't feel like giving my tiny amount of money to help pay the 34 million dollar "bonus" of some f##ktard who helped kill off a "financial giant". They f##ked up; it's their problem. Wall Street can go to hell too, as far as I'm concerned. Heaven forbid people actually have to work for their money...

I'm surprised to hear that.

Sure, these guys fukced up the entire system. But do we let that take down the entire country? Do you think it's mere histrionics when you learn that if credit markets dry up, that jobs will be lost? I can guarantee you that most payrolls in this country are backed by lines of credit, paid back when invoices are paid.

There will be MASSIVE layoffs in this country if this doesn't get fixed. And that is not a joke.

Becca step away from the television!

It's not television, Mark. Ask them where you work if there's not a line of credit behind the payroll. There's one where I work.

Where I work, my paycheck draws on a bank, where there is actual money in the account. No stocks, no line of credit. Just the owner, a minority partner, and 2 investors/partners.

[Pinocchio Liberal 268]

It's not television, Mark. Ask them where you work if there's not a line of credit behind the payroll. There's one where I work.

Its Marc! Relax its gonna be okay! The banks are eating each other up as it should be. Weeding out the bad seeds. The ppl in the markets have a stake in all this. The banks are just whining and want help. The bad ones will fall and the good ones will be fine, its just a hangover from the party.