Saving Troubled Banks

There's another quasi-governmental agency that's lending hundreds of billions to troubled banks. Fortunately, it's not a mess. Yet.

By Daniel Gross | Newsweek Web Exclusive

Jul 29, 2008 | Updated: 12:55 p.m. ET Jul 29, 2008

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Posted By: OnlyCureJGK @ 08/05/2008 4:00:43 PM

Comment: The problem is simple corruption needs to be stopped beginning with those who have profited for years from corruption. Please look up this individual ---- Nelson Wilmarth Aldrich ---- he was the father in law of Mr. Rockefeller who's family went on to controll the private banks which became the central bank the FED which is a private institution. This individual Nelson came up with the Income Tax and The Central Bank. Follow the money and you will find the corruption behind the problems in society. For 240.00 the Central Bank the Fed can create 1 million dollars then using the IRS they can bilk the public for 1 Million plus interest. Its easy math to see they have the complete control of the US government and even the world. Money is the root of all evil. Look up the owners of Standard oil it is a circle leading right back to the FED.
Posted By: bob_hall27 @ 07/30/2008 8:12:51 AM

Comment: the answer is simple no they should not be allowed to bale out the housing market. The simple answer is to eliminate the problem from its roots. that is to get rid of the federal reserve and go back to a legal monetary system. Just because the government accepts something does not make it legal or constitutional.
Posted By: JPACTS @ 07/29/2008 8:29:49 PM

Comment: everyone needs just support term limits on us senatots /congress of 8 years in a lifetime (gets rid of the prok in our federla budget) give up dreams of new cars every 4 years, big screen tv's, drop cable extra channels and spend time meeting their neighboirs, plan on camping trips and not hawaii/caribean vacations, and government state, local and federal ALL need to give up their pensions and go to 401k with 50% march on first 6%. And all social security BENEFITS (cuurenyl being paid out OR promised to those under 65) should be permmanently frozen (with those under 65 still paying their FICA tax though)
Posted By: jblackwell88 @ 07/29/2008 5:20:44 PM

Comment: I'm afraid no one wants to hear the real solution. The banks have enabled the American people to live outside their means, and now curiously we find ourselves in a situation not unlike Weimar Germany - indebted to the bankers of the world. This camel just needs another straw.
Posted By: jblackwell88 @ 07/29/2008 5:12:14 PM

Comment: My prediction is that banks will continue to collapse, transferring their excesses to the U.S. government and by extension the taxpayer, aggravating an economy already on the verge of recession. I think there is a domino effect about to happen with the end result being the total devaluation of the U.S. dollar, and a default on our foreign obligations. If this happens, the US of A can bend over and kiss its itself goodbye.
Posted By: ThePrairiePrankster @ 07/29/2008 5:09:26 PM

Comment: Whatever happened to all that Free Market talk? Where are those who said regulating these new entities would only hinder commerce and be counter productive? Isn't it ironic that some of the overfed, fat Bankers are now asking for bailouts to protect them from themselves? Regulation can be onerous and inefficient, there needs to be a balance but the lessons learned from 70 years ago seems to have been forgotten by the greed heads and ideologues.
Posted By: just jerry @ 07/29/2008 4:27:58 PM

Comment: I personally don't mind a rescue if there are people held accountable and changes made. To do anything else simply means we could and would go through the same thing again. Those at the top have to suffer the losses their misdeeds call for; we need to rescue the system while taking down those whose greed overtook their sense of responsibility.