Comments on: Poll: What Do You Think of the Proposed $700 Billion Financial Bailout? http://genxfinance.com/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/ Helping a unique generation achieve financial independence. Thu, 24 May 2012 01:09:21 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: djackson http://genxfinance.com/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/comment-page-1/#comment-88887 djackson Thu, 02 Oct 2008 15:50:37 +0000 http://genxfinance.com/2008/09/25/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/#comment-88887 the third option "screw the bailout" I think is a bit harsh. I believe people do not trust the government and are therefore reluctant to have to pay the price for their lack of oversight in the first place. Oh wait, now they tell me we promise to do it right this time...give me a break!! And the only real difference I see in this "new" bill is the addition of "pork". Unbelievable!! the third option “screw the bailout” I think is a bit harsh. I believe people do not trust the government and are therefore reluctant to have to pay the price for their lack of oversight in the first place. Oh wait, now they tell me we promise to do it right this time…give me a break!! And the only real difference I see in this “new” bill is the addition of “pork”. Unbelievable!!

]]> By: jim http://genxfinance.com/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/comment-page-1/#comment-88311 jim Sat, 27 Sep 2008 11:40:30 +0000 http://genxfinance.com/2008/09/25/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/#comment-88311 something needs to be done. the short-term credit markets are completely seizing up. Look at the crazy bond prices the past 2 weeks. something needs to be done. the short-term credit markets are completely seizing up. Look at the crazy bond prices the past 2 weeks.

]]> By: Xasa http://genxfinance.com/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/comment-page-1/#comment-88215 Xasa Fri, 26 Sep 2008 17:40:28 +0000 http://genxfinance.com/2008/09/25/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/#comment-88215 My two cents is this I agree Its a necessary evil...I am however tempted to let the market run its course, but the fall out from that could be a world wide issue...wars have been started for less... But I think an equity position for MY government is not that bad and its not nationalization either. Also might it be cheaper to pay off peoples upside down position on thier homes and let wall street take care of it self?? My two cents is this
I agree Its a necessary evil…I am however tempted to let the market run its course, but the fall out from that could be a world wide issue…wars have been started for less…
But I think an equity position for MY government is not that bad and its not nationalization either. Also might it be cheaper to pay off peoples upside down position on thier homes and let wall street take care of it self??

]]> By: Bill Davis http://genxfinance.com/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/comment-page-1/#comment-88085 Bill Davis Thu, 25 Sep 2008 18:24:42 +0000 http://genxfinance.com/2008/09/25/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/#comment-88085 The bailout is a necessary evil, and it must be done sooner rather than later. But rather than focus on "us taxpayers" I think we need to focus on "us citizens" -- nobody wants to re-live the '30s...and that is where I think we are headed if the bailout doesn't happen. The cost of this plan? Potentially higher inflation. But other than that, I don't see the drawbacks that others are seeing. Later, when we've stopped the bleeding, we can worry about the long-term health of the patient. That's when we can address the issues of executive compensation, payback, and additional oversight and regulations. That's my take on it. I think we can actually come out of this better off than a lot of people are suggesting. Time will tell, though. The bailout is a necessary evil, and it must be done sooner rather than later. But rather than focus on “us taxpayers” I think we need to focus on “us citizens” — nobody wants to re-live the ’30s…and that is where I think we are headed if the bailout doesn’t happen. The cost of this plan? Potentially higher inflation. But other than that, I don’t see the drawbacks that others are seeing.

Later, when we’ve stopped the bleeding, we can worry about the long-term health of the patient. That’s when we can address the issues of executive compensation, payback, and additional oversight and regulations.

That’s my take on it.

I think we can actually come out of this better off than a lot of people are suggesting. Time will tell, though.

]]> By: OilyGasMiner http://genxfinance.com/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/comment-page-1/#comment-88073 OilyGasMiner Thu, 25 Sep 2008 17:07:16 +0000 http://genxfinance.com/2008/09/25/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/#comment-88073 What ever happened to the “invisible hand”? Is the government really “guiding” its country, or are citizens being dragger by the hair and told what to do? If I recall correctly Paulson said: “Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law of any administrative agency”. Sounds like someone is being dragged by their hair to me. This in combination with Bush’s threats of the DOOM and DISMAY which would result if the bill is not passed… seems as if we are being corralled into a particular line of thinking. I suggest that if we are to pursue this bill, it should be done with full transparency to indicate to us taxpayers exactly where funds are being allotted, as well as proper due diligence regarding the bill. We have only scratched the surface regarding the details of the Bill, and the fine prints is what has me curious. What are the true implications? Can the US simply by anything they choose? Is there a particular guideline? I read a post today, that I must agree with: “What is required is careful analysis of the important reasons the U.S. economy is in the place it is, where those reasons are then addressed in the Bill as best they can be.” http://www.stockresearchportalblog.com If we don’t do our DD we’ll be forced into deep DD (no pun intended). Whose with me? What ever happened to the “invisible hand”? Is the government really “guiding” its country, or are citizens being dragger by the hair and told what to do? If I recall correctly Paulson said: “Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law of any administrative agency”. Sounds like someone is being dragged by their hair to me. This in combination with Bush’s threats of the DOOM and DISMAY which would result if the bill is not passed… seems as if we are being corralled into a particular line of thinking. I suggest that if we are to pursue this bill, it should be done with full transparency to indicate to us taxpayers exactly where funds are being allotted, as well as proper due diligence regarding the bill. We have only scratched the surface regarding the details of the Bill, and the fine prints is what has me curious. What are the true implications? Can the US simply by anything they choose? Is there a particular guideline? I read a post today, that I must agree with: “What is required is careful analysis of the important reasons the U.S. economy is in the place it is, where those reasons are then addressed in the Bill as best they can be.” http://www.stockresearchportalblog.com If we don’t do our DD we’ll be forced into deep DD (no pun intended). Whose with me?

]]> By: Christopher Holdheide http://genxfinance.com/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/comment-page-1/#comment-88069 Christopher Holdheide Thu, 25 Sep 2008 16:55:15 +0000 http://genxfinance.com/2008/09/25/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/#comment-88069 In all reality this should have never happened. If the lenders would not have given out such risky loans in the first place. However that is all in the past now. Hopefully the lenders have learned there lesson. Don't give out risky mortgages or it could come back to haunt you. In all reality this should have never happened. If the lenders would not have given out such risky loans in the first place. However that is all in the past now. Hopefully the lenders have learned there lesson. Don’t give out risky mortgages or it could come back to haunt you.

]]> By: Jeremy http://genxfinance.com/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/comment-page-1/#comment-88061 Jeremy Thu, 25 Sep 2008 16:00:57 +0000 http://genxfinance.com/2008/09/25/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/#comment-88061 Hah! Don't even get me started on the money for GM and Ford. My head just might explode. Hah! Don’t even get me started on the money for GM and Ford. My head just might explode.

]]> By: Stu http://genxfinance.com/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/comment-page-1/#comment-88060 Stu Thu, 25 Sep 2008 15:59:31 +0000 http://genxfinance.com/2008/09/25/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/#comment-88060 I like how they snuck in 25 billion for Ford and GM. They have themselves to blame, not the economy. I guess these 'cheap low interest loans' wont extend to other auto makers. GM+Ford dug there own holes regarding penion plans, unions and other things, I'd rather see them fail and use that 25billion for something else.. grrrrrr I like how they snuck in 25 billion for Ford and GM. They have themselves to blame, not the economy. I guess these ‘cheap low interest loans’ wont extend to other auto makers.

GM+Ford dug there own holes regarding penion plans, unions and other things, I’d rather see them fail and use that 25billion for something else..

grrrrrr

]]> By: Traciatim http://genxfinance.com/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/comment-page-1/#comment-88058 Traciatim Thu, 25 Sep 2008 15:44:24 +0000 http://genxfinance.com/2008/09/25/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/#comment-88058 er, chips in your brain.... it's hard to fit large vessels in there. er, chips in your brain…. it’s hard to fit large vessels in there.

]]> By: Traciatim http://genxfinance.com/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/comment-page-1/#comment-88057 Traciatim Thu, 25 Sep 2008 15:42:12 +0000 http://genxfinance.com/2008/09/25/poll-what-do-you-think-of-the-proposed-700-billion-financial-bailout/#comment-88057 One thing I don't understand is why aren't there lots of crackpot conspiracy theorists coming out of the wood work. First the government takes control of the two largest mortgage backers basically seizing control of the populations homes, now they will seize control of public companies. . . they've already passed laws that state they can pretty much do anything they want to you just on suspicion . . . How much longer befor they start implanting ships in your brain to record all your thoughts and catalog everything to use against you when you step out of line? One thing I don’t understand is why aren’t there lots of crackpot conspiracy theorists coming out of the wood work. First the government takes control of the two largest mortgage backers basically seizing control of the populations homes, now they will seize control of public companies. . . they’ve already passed laws that state they can pretty much do anything they want to you just on suspicion . . . How much longer befor they start implanting ships in your brain to record all your thoughts and catalog everything to use against you when you step out of line?

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