Bailouts Options

[woody]

Since i don't see a topic for this. What do you all think of the bailouts going on right now?

[woody]

http://www.independent.co.uk/news/business...aff-937560.html


Fury at $2.5bn bonus for Lehman's New York staff

[impala454]

http://www.independent.co.uk/news/business...aff-937560.html


Fury at $2.5bn bonus for Lehman's New York staff

just a bunch of brits crybabying because they're not getting a bonus. WAH.

as far as the bailouts, I'm ok with it I guess, but think it's bullshit that the banks are continuing on business as usual in their loan practices.

[chook]

I think the DOT should take that money from the pool.

[woody]

Ron Paul on Bailout

http://www.cnn.com/2008/POLITICS/09/23/pau...=rss_topstories

[woody]

must be nice to file for bankruptcy and set aside 2.5B to get paid a "bonus"

@ 10K employees and $2.5bn, that's a 'bonus' of $250,000

[Spectatrix]

I think the bailouts are a bad idea. I think they alleviate some short-term suffering, but are largely just postponing the inevitable collapse of poorly-run institutions. They made their beds, let them lie in 'em. Let the market punish businesses that acted stupidly. It'll hurt us more in the long run if we try to prop them up.

[THECHICKEN]

I think the bailouts are a bad idea. I think they alleviate some short-term suffering, but are largely just postponing the inevitable collapse of poorly-run institutions. They made their beds, let them lie in 'em. Let the market punish businesses that acted stupidly. It'll hurt us more in the long run if we try to prop them up.

Yeah, i agree with this. Let bad companies die... its like the airline industry, others will take thier place. The clients money is still safe and can be picked up by other ... better.. companies.

[Spectatrix]

My view is... either regulate & pick up the tab when companies fail OR deregulate and let companies suffer from their mistakes. Shit like this throws responsibility out the window.

[chook]

Isn't this socialism, but in a messed up fudal way?

[Spectatrix]

It's the worst of both worlds.

And before Impala brings it up, yes, I oppose universal health care too. I admire the sentiment behind it, but it will inevitably be a poorly-done, expensive implementation of bureaucratic bullshit.

[nickluto]

I think they should go under. They have no business loaning money to people with no assets or collateral, no income, and no jobs. Sad that no one saw this coming and even sadder than no one in Washington blew the whistle.

Say what you want about regulation, but oversight/watchdogging is often less bureaucratic and equally as effective.

It's going to be tough for people to get loans for households in the near future after the interest rates bounce back up from their Fannie Mae/Freddie Mac dip, but at least the companies wont be loaning to people who have no business borrowing in the first place.

[Hartmann]

When Clinton was in office he claimed to make housing more affordable. In my opinion, his actions were the beginning of this train wreck, he was giving the signal to Fannie and Freddie to make their loan criteria easier. 2003 rolls around and Bush proposes an oversight of the agencies (http://tinyurl.com/5ptyyh) which is quickly quieted because it will keep people from getting loans.

If I was to tell you to go to Vegas and I would pay for any losses incurred and that you could keep everything you won, what would you do? You'd move to Vegas.

[Spectatrix]

Sad that no one saw this coming and even sadder than no one in Washington blew the whistle.

Sadder is that people *did* see this coming (Ron Paul and possibly others in Congress, certainly several economic watchdogs), but nobody listened.

[Hartmann]

Sadder is that people *did* see this coming (Ron Paul and possibly others in Congress, certainly several economic watchdogs), but nobody listened.

They've been saying this since what, 1999?