Shades of Schadenfreude

Sophie Grove is an illiterate liar and the evidence is in the text She says a Brit says, |We've got a hurricane coming towards us and there's nothing to be done but hunker in." No way. That is American English. And, "it's going to effect us all". The word is affect. And no, we have the same attitude as Americans. We don't want to bail out the bankers. We want them penalized and we are willing to risk losing our jobs to see it, Nobody likes the Paulson plan. It's like using a wolfd to guard your sheep. Get yourselves a proper journalist in the UK, please.

I agree that the financial empire needs to fall, but I am concerned about the citizens that will have to pay by loss of assets and retirement funds etcetera.
I do feel as though American citizens are being held hostage by a system that seems indifferent to the opinions and needs of the people. Government has gotten so big that it is no longer a government of the people by the people. It is a government for those who can provide funds via lobbyists the ever hovering special interest groups.
The financial systems, mortgage companies, investment companies et al, created the problem, they can pay it back. There is a price for manipulating the market and citizens for profit and greed, the purveyors of the problem should pay the consequences. Not the taxpayers. Your State Representitives have email accounts...tell them how you feel. Enough is enough!

I agree that the financial empire needs to fall, but I am concerned about the citizens that will have to pay by loss of assets and retirement funds etcetera.
I do feel as though American citizens are being held hostage by a system that seems indifferent to the opinions and needs of the people. Government has gotten so big that it is no longer a government of the people by the people. It is a government for those who can provide funds via lobbyists the ever hovering special interest groups.
The financial systems, mortgage companies, investment companies et al, created the problem, they can pay it back. There is a price for manipulating the market and citizens for profit and greed, the purveyors of the problem should pay the consequences. Not the taxpayers.

The financial crisis will cause problems around the world, but if that is what is needed to bring down the American Empire, then maybe it will be worth it. The world needs to free itself from global American dictatorship. With 700 army bases in 130 countries the world needs to free itself from America before they start war with Russia, Pakistan and Iran as well.
Ron Paul for president!!!!!!

its really easy if you think about it...it's a 5-letter word called "credit",It's something that has been extended without the qualifier"credibility...lol

well there are two issues I am not sure I understand.
1. Did the economy and finanical system work so well under Allen Greenspan's direction (it sure seemed to) or was it just the build up to todays crisis.?
2. Not sure I understand why its ok for the Warren Buffet group to reap such great returns year after year and collect great wealth and then we the tax payer should bail out one of his top companies (AIG)

Seems to me that ever since the Clinton politics the finanical system has not been transparent in fact just the opposite its collected huge payouts for a very few people based on creative book keeping.

well there are two issues I am not sure I understand.
1. Did the economy and finanical system work so well under Allen Greenspan's direction (it sure seemed to) or was it just the build up to todays crisis.?
2. Not sure I understand why its ok for the Warren Buffet group to reap such great returns year after year and collect great wealth and then we the tax payer should bail out one of his top companies (AIG)

Seems to me that ever since the Clinton politics the finanical system has not been transparent in fact just the opposite its collected huge payouts for a very few people based on creative book keeping.

do the math...if there are 6 billion people in the WORLD,and every single one ofthem makes a !00dollars a day.then ther still isnt enough mony to suppurt this plan...come on folks

the blame lies on...EVERY SINGLE SOUL in the world ,,,money is a tool...and tools break...get a clue

If they think America has been on a spending binge unlike anything else in history , they might be right.
If they think we spend so much because we have the weapons to back it up, they might be right.
If they think we will eventually go bankrupt despite our weapons, they might be right.
If they think we will blame somebody else and let them suffer the consequences, they might be right.

the well-to-do need to suffer for their own mistakes,not the people that keep the non-producing people afloat with speculation on what may come...this "crisis" doesn't scare poor folk...we're used to being used

What a chickenshit way to point blame yourself Dave. Blame the Enviromentalists who are just trying to save the planet. They have nothing to do with this mess. Anytime you have privately held companies (stocks in case you don't understand Dave) that are gauranteed to be profitable by being subsidized or backed by the Government you are in trouble. Let teh people who bought the stock and took the risk take the beating.

Continued - A Proposal to Resolve the Fannie Mae and Freddie Mac Financial Fiasco

The first step toward economic recovery would be to isolate all sub prime mortgages from the assets of Fanny Mae and Freddie Mac, and to group the remaining viable ones into several stock options to be offered for sale to the public, and also as a bailout measure.

That would result in an immediate infusion of cash into the banking sector, thereby ensuring that credit could be granted to qualifying loan applicants.

Individuals or organizations who choose to buy those stock options should benefit additionally from any profits later realized by their investments.

Also, any profits resulting from the bailout option should be refunded to the INCOME TAX PAYERS only, since they would be the ones who would have financed the bailout.

Likewise, but separately, the various questionable sub prime mortgages should be bundled together into other stock options which would be structured to contain a mixture of both somewhat and less redeemable loans.

Those sub prime mortgage packages should be offered first to democrats, especially wealthy ones, who might be attracted to them by their being valued at a price of 80 cents on the dollar, based on the face value of the mortgages.
.
That would afford them the option to support what democrats viewed to be a noble cause (home ownership for the unemployed), and besides, it might enable the stock option buyers to profit by 20 percent if all of the sub prime mortgages would be somehow repaid by the homeowners.

Thus democrats, especially the likes of George Soros, Barack Obama, Ted Kennedy, Chris Dodd, Nancy Pelosi, Harry Reid, and Charlie Schumer (who supported the granting of sub prime mortgages irrespective of demonstrated ability to repay) would be able to ???put their money where their mouths are???!

Lastly, there should be a guarantee that no further sub prime mortgages be granted.
Home ownership is a GOAL for many financially responsible Americans - it is not a government sponsored RIGHT for all persons living legally and illegally in the US!

I sure like reading all the finger pointing lunes on here. It only serves to strengthen my view that 95 percent of the people are basicly inept. If there is one of you that knows how and why this thing started and how it will end please stand up. If you are not all the fools I believe you are the cast your stones at the enviro- freaks that make it so hard to get a permit to build a factory or refinery in this country. You idiots will never admit that this country would not be in this mess if we didn't send all of money to Mexico, China, Eastern Europe, And all the other producing ,Poluting, and money lending countries of the world. Oh never mind you are all to stupid to even understand how the system works. All you want to do is blame the polititions and greedy wall street. While you work for the weekend. Shut up, sit back, watch your football, baseball, or movie-ball what ever it is that you want to be entertained by because you are to lazy to turn on brains and entertain yourselfs. Maybe Bret Farve or Betty white can save your sorry butts.