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The obvious disgust that a large segment of the public felt about the financial-system bailout plan, and how that translated into phone calls and e-mails to congressional offices over the weekend, helped deliver today's shocker: the House's "no" vote on the plan.
The stock market might not have rallied even if the House had approved the bailout, but it seems unlikely that an OK would have led to a 777.68-point, 7% drop in the Dow industrials, which is what we got.
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People who oppose the bailout plan, and who want financial companies to pay for their sins in the housing debacle, will see today as a victory.
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Finally let them take responsibility for the actions that crashed our markets. In the end 700 billion dollars will be just the start, regular people still will be unable to get credit and the rich will prevail! Isn't it funny to make the people crippled by this pay for its' fix! How about instead use all the money we send to Iraq and dump it into our economy. We have no money for the Americans but always have it for the global economy. Middle class will not tolerate the screws of justice tightening down on them anymore! Politicians have extended their greed as far as it can be tolerated! STOP SCREWING US. you can't expect someone in congress or the president who is filthy rich to even comprehend our situation!
10/1/08 7:11am about on Oct 1st, 2008 at 7:11am
NO BAIL OUT LET EM GO DOWN TIME TO TEACH THE RICH LYING CROOKS A lesson
10/1/08 9:34am about on Oct 1st, 2008 at 9:34am
The banks and financial systems did this to themselves. They first gave low interest rate ARM mortgages to individuals who I believe could make the payments however once the ARM became due the rates doubled and tripled because of low credit scores. The increased monthly payment is what forced this mortgage problem. If the banks would simply extend the existing interest rates many of these homes wouldn't have gone into foreclosure. Why should the taxpayer bailout those who made bad decisions? Credit was manipulated by the financial geniuses; now that it has come home they want to turn to the taxpayer. They were smart enough to create disasterous loans. Lets see if the are smart enough to turn around this situation. After reading the draft, I REFUSE TO PAY A DIME TO ANYONE who has made unwise investments. Especially bailing top executives of these banks and financial organizations out of a corner they painted themselves into, and letting them retire with their GOLDEN PARACHUTES, while the taxpayer gets left paying for the $700 billion bailout!!! Those golden parachutes should be taken away from the executives of these banks and finacial organizations that were greedy and self-first attitude (me, me, me) that got us into the financial situation that we are in today. Why is that my problem? What we do now is let all of you who were blinded by greed suffer the consequences of their actions. Get it? THEIR ACTIONS! NO EXECUTIVE COMPENSATION PACKAGES!!! LET THEM LOSE ALL THEIR MONEY, LIKE EVERYONE ELSE AND PAY FOR THEIR SINS!!!!!!!!!!!!!!!!!!!!! I FEEL THAT THIS 'NO EXECUTIVE COMPENSATION - GOLDEN PARACHUTE CLAUSE' MUST BE INCLUDED IN THE BAILOUT IF ONE IS TO BE PASSED!!!!!!!!!!!!!!!!!!!!!!!!
10/2/08 11:17am about on Oct 2nd, 2008 at 11:17am
The financial crisis is hurting the whole world, esp America. It's starting to lose jobs in every sector and harming everyone. It's not the time to dick somebody out for punishment. The bailout is to stop our wealth from further loss. The 700mil is not for use to compensate the Wall street guys. It's an investment for the taxpayer to buy the assets at deep discount price. Even toxic assets could give us a good return for significant low price after the crisis has gone.
10/3/08 8:03am about on Oct 3rd, 2008 at 8:03am






I believe the dow dropped because of the "promise" that was offered on Capital Hill; and Capital Hill's inability to keep their promises is what was reflected in the 700 pt deficit. If Capiatl Hill would have said days ago it will work through a solution and when it is the best solution we will offer it to Wallstreet. Then, I don't believe we would have seen such a dramatic drop. The voices from Washington are no different the the voices of the speculators in the oil business. When they speak, or speculate, about what may or may not happen then the market responds.
9/30/08 1:28am about on Sep 30th, 2008 at 1:28am