Gaming The Financial System

Perhaps bailout is the incorrect term. Re-investment may best apply. Maybe loan could be another word. There must be a positive approach to these models. We also need a plan to see where this money is going so that we may measure progress. What would happen if we allow everything to go under?

Paulson's Plan will not work, the hard cold fact is 28% of Americans are now below the poverty line.
The Republican contention our economic problems are because Americans are paid too much and the effort to push wages even lower is not going to be helped by giving Banks cash to loan to people who cannot even qualify for a loan.

Much of the problem Paulson is trying to cure was in fact caused by Paulson himself when he removed the "net capital rule" from the banking industry, currently he is only trying to save the banking industry from the over extended position that move resulted in, the fact is Paulson is trying to save the banking industry from itself

When the consumer is an integral part of the economic policy, a bottom up economic plan if you will; is put in place things will start to change. The Republicans who without exception claim the problem is that consumer wages are too high, have effectively reduced millions of them to poverty level in their drive for lower wages and benefits, now cry for those same consumers to move the economy.
You can call it shortsighted or even stupid, it's probably both; and may in fact be criminal.

money for citi corp.,money.for banks , oil companies get !0 billions a year, no strings attached, and then they have the balls to say, hold on auto companies . this country is really mess up they are all crooks from the White House on down. this country is not what the founding fathers dream of

why do we need to bailout the big banks , they made the wrong choices , I make the wrong choices i have to deal with them , I what $7000.00 dollars to fix my mistakes

The only way everything can go back to work is stop, complete the high interest on loans,
I don't said or ask anyone to pay for what we own, Just give a brake to pay for what we own some folks they only pay the interest they are not pay the items they own, all this people don't have allready enough MONEY?
all this suppose be happen is kind of hard to explain, two years ago Mr: Geenspan predict this will happens and nobody pay attention now his predecessor,Paul Volcker just was too big the shoes for him just can't do nothing he can't stop the train,. Let me ask you you think our goverment make this happen 25 years ago thair are willing to help our people insted waste all this Money in stead Bill out all these Billionaire's. "Just a question to all American People.!

Instead of attacking the recession from the top down, why not go at it from the bottom? How about a consumer driven recovery? Instead of lending money to the banks and to the auto industry, lend it to the people. For example, instead of bailing out the lenders, help the homeowners who are struggling to pay their mortgages. Instead of making loans to the Big Three, provide 0% financing over five years for anyone who buys a new auto with at least a 30 mpg rating, plus maybe a $5000 down payment on the car - whatever it takes to get the market moving. That way you fight the recession, get a head start on energy independence, and begin to ease global warming. We have already seen how cutting down on consumption of gas brings down oil prices. With a mass movement to energy efficient vehicles, a lot of good things could begin to happen.

Just who would have ever picked Paulson for that job? Oh yeah, this is the BUSH administration. Hire your buddies, and then when you run out of them, hire someone who knows something. I guess BUSH hadn't run out of financial buddies yet. Paulson is loyal to his own. Everyone else can just suck it up.

This is an interesting option. And it seems like there needs some experimentation in order to see if this will work in the field. There are a lot of questions to be answered. Does it really matter who owns the debt? What happens if we don't know? It seems that a controlled auction could reveal some of these answers.

Fact is: these MBS's have been so sliced and diced, that no one really knows who is holding what debt, so the first thing that needs to be discovered is: who actually owns the MBS's. You can't auction: reverse or otherwise securities or mortgages unless it can be determined who owns the debt. Got a hint what they're worth: Take a look at the lehman auction about a month ago: 2 to 10 cents on the dollar is what some of those were worth. And they still havent figured out exactly who owns the debt!

SilentObserver is right. You CAPS LOCK people don't realize that nobody reads your posts because nobody takes you seriously. You look vapid. Learn to type or don't type at all.

Watch out conspiracy theorist have unleashed their caps locked fury onto the boards, take heed.
Seriously do some people who post need to apply caps lock, it's like yelling louder than anyone else to make a point, when there is not one presented for debate.

Watch out conspiracy theorist have unleashed their caps locked fury onto the boards, take heed.
Seriously do some people who post need to apply caps lock, it's like yelling louder than anyone else to make a point, when there is not one presented for debate.

OBAMA your BLACKBERRY has already been hacked by the CHINESE AND/OR RUSSIANS.
THERE IS A CYBER WAR THAT HAS BEEN LAUNCHED AGAINST AMERICA. AND THE CHINESE AND RUSSIANS ARE KICKING OUR A**ES. OBAMA NEEDS TO APPOINT COLIN POWELL TO ASSEMBLE A NEW ARMY. A CYBER ARMY TO FIGHT THE NEW WAR OF THE FUTURE. OUR ARMY IS VERY WEAK AND THE ENEMY IS USING OVERWHELMING FORCE AGAINST US. WE NEED TO ASSEMBLE A NEW CYBER ARMY BEFOR AL QUEDA CATCHES ON. IMAGINE LAUNCHING ATTACKS AGAINST AN ENEMY BY TAKING CONTROL OF THEIR OWN WEAPONS VIA COMPUTER. OBAMA NEEDS TO APPOINT RICHARDSON TO BE SECRETARY OF STATE. HE IS A CALM COOL NEGOTIATER. NON POLARIZING. HE SPEAKS SPANISH AND CAN REALLY IMPROVE OUR RELATIONSHIPS ON THIS SIDE OF THE HEMISPHERE. HE CAN BRING PEACE TO THE MIDDLE EAST. WOMEN ARE NOT TAKEN SERIOUSLY IN THE MIDDLE EAST. THE LAST TWO SECRETARY OF STATES HAVE BEEN WOMEN. ENOUGH WE NEED A CHANGE. I REALLY LIKE WARREN CHRISTOPHER WE NEED SOMEONE LIKE THAT. RICHARDSON IS THE MAN.

I looked at houses lately. Several of them cost ridiculously low (short sale, foreclose), but they are still sitting for monthswithout a single offer. The reason? Several people would like to buy these houses, they are very qualified for mortgages, but can not find one. Because banks have to use money for insurance instead of piles of mortgage papers, which probably cost 50% of their original price but for now are estimated as zero. And those papers will ne useful only after people start buying houses, but without mortgages they can not start buying, because banks do not have money... Only way to break this dead circle is to start lending people (to the qualified ones, of course) money, directly if banks resist. It seems Feds come to their senses.

Paulson, as a loyal Wall Street alumni, does not want anyone to realize just how worthless much of the Wall Street portfolios are. He has to try to cover up the mess to save what is left of Wall Streets' reputation. If the average person used inflated and/or bogus collateral to obtain a loan or to maintain a credit rating, and then defaulted, they would be facing prosecution. On Wall Street that type of behavior was applauded as smart, free market capitalism. Paulson is in a tough spot because sooner or later the rest of the dirty laundry on Wall Street will be on display. In the meantime he has to protect his buddies and the corrupt scheme they created to make tons of money by assembling, rating, and selling tons of inflated securities and then using the money to repaet the process over and over. If half ot the public knew how big the mountain of rubbish these Wall Street masterminds are sitting on; they would be withdrawing their investment funds as fast as possible. They would also be calling for heads to roll, for indictments, and for harsh jail time for the guilty. Of course that would pretty much empty the banks and brokerages on Wall Street and Henry would have nobody left to hang out with after he leaves the Bush administration.