paulson lost the backing of republicans

[madmansg]

the stupid fellow allow lehmen brothers to fail. He should have back it up and there will not be dominos effect.

 

[Cestbon]

Is like playing Chess. What is the next move????? Now they not moving at all. Timer is thicking and still no next MOVE.

 

[eeoror88]

Paulson looks like a con-man !!

 

[DIVISION1]

A bailout arrangement will be put forward. But not before the ripples of yesterday's shock spread throughout the world. Let us hope the damage is recoverable.

 

[pia]

Is like playing Chess. What is the next move????? Now they not moving at all. Timer is thicking and still no next MOVE.

They should just let the market forces move and reach the equilibrium. From Wall Street to Main Street, the greedy are punished.

In essence, any rescue plan taxes the hardworking prudent ordinary folks to bail out the ones who greedily ate during the good times. Let's not punish the innocents for others' greed. The failure of the plan was due to the loud and widespread opposition from these folks.

 

[Black Swan]

Is like playing Chess. What is the next move????? Now they not moving at all. Timer is thicking and still no next MOVE.

If Paulson is really playing chess, I think I can checkmate him in 10

 

[annexa]

It;s not Paulson's fault. It is Nancy Pelosi who probably make the Republicans angry so that her Democrat candidate can get one up. This women is bad.

 

[annexa]

They should just let the market forces move and reach the equilibrium. From Wall Street to Main Street, the greedy are punished.

In essence, any rescue plan taxes the hardworking prudent ordinary folks to bail out the ones who greedily ate during the good times. Let's not punish the innocents for others' greed. The failure of the plan was due to the loud and widespread opposition from these folks.

Bro pia, I think the 700 billion will not work. Because it will feed the greedy ones again.

I put it simply.

A cup is actually worth $0.50. But in their greed for loans and interest, the Wall Street assholes valued it at $20, and extended loans for $20 worth. Now the borrower cannot pay liao, they get the cup. The bailout if approved, will need the US gahmen to negotiate with the Wall Street assholes to buy the cup. With the recession, the cup is now worth only $0.20. But you think the Wall Street assholes will price it at $0.20? Or even $0.50? No. They will tell the gahmen, it's worth $50.

The negotiations will take weeks, or months. Then the gahmen will be forced to buy at $25. The taxpayer will ganna screw, again. The economy will be overpriced, again.

So, should let the assholes fail. No need to bailout. Otherwise, we are just creating another meltdown in 3-5 years.

 

[GoldenBellShield]

So, should let the assholes fail. No need to bailout. Otherwise, we are just creating another meltdown in 3-5 years.

Remember that many bankers, especially those from the investment banks were totally overpaid. Where did all these money come from? When they were this rich, did any one of them shared their wealth? Now things have gone wrong, they have made their millions and they want to let this fail?

Any rescure package must take this point into account. Make those who have plundered in the past return what they have taken. The money has gone somewhere. It should be taken back from where it has gone.

 

[ForzaFerrari88]

the stupid fellow allow lehmen brothers to fail. He should have back it up and there will not be dominos effect.

Lehmann was US$600 billion dollar in debt. Paulson just made sure he put a 10 foot pole between. He can't possibly save everyone at Wall Street. I don't think it would have made that much difference to the financial markets .

 

[newyorker88]

Bro pia, I think the 700 billion will not work. Because it will feed the greedy ones again.

ISo, should let the assholes fail. No need to bailout. Otherwise, we are just creating another meltdown in 3-5 years.

Agree totally, it is time for the fat cats and BUSH friends to face their karma.
The bubble has burst and it is time to face reality.