Bailout being rejected, thoughts?

iVillage Member
Registered: 04-29-2003
Bailout being rejected, thoughts?
164
Mon, 09-29-2008 - 3:35pm

Hi –


 


The bailout being rejected is not a good thing, it affects EVERYONE.  Banks have no money, we have no money (generally speaking).


 


I was speaking with a co-worker that said the Democrats insisted the Parachute Clause be put into the plan otherwise they’d vote against it (keeping Exec’s from these millions of dollars) so that is why the Republican’s majority anyhow rejected it.  They are so greedy and now they have cut their nose to spite their face.


 


Thoughts everyone?


 


SP


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iVillage Member
Registered: 08-13-2008
Tue, 09-30-2008 - 10:59pm
It is sort of like saying 'we'll figure it out later.'

Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

iVillage Member
Registered: 04-02-2008
Tue, 09-30-2008 - 11:00pm
I have heard interviews by Wynn, Trump, my Ceo who says no don't bail them out.
iVillage Member
Registered: 10-25-2006
Tue, 09-30-2008 - 11:02pm

Exactly! Watching cspan I couldn't believe all the reps who were saying we need to get rid of 'mark-to-market'--guess those ABA dollars will be rolling in for them.

We'll be the laughing stock of the world, if we aren't already:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/25/AR2008092504285.html

-----------------------------------------------
http://www.pnhp.org/news/2009/october/meet_the_new_health_.php

http://www.youtube.com/watch?v=DQTBYQlQ7yM

iVillage Member
Registered: 08-13-2008
Tue, 09-30-2008 - 11:03pm

A wise approach.


I just hope we all remember this the next time someone starts promoting the idea of deregulation. The profits disperse around the world; we get the bill.


Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

iVillage Member
Registered: 08-13-2008
Tue, 09-30-2008 - 11:05pm
If there is one thing that *has* to happen here is a sound guidance for the future. I say ban bundling, ban independent brokers and originators, bring them back into the banks where they are accountable for results.

Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

iVillage Member
Registered: 04-02-2008
Tue, 09-30-2008 - 11:07pm
ban the bundling,
iVillage Member
Registered: 08-13-2008
Tue, 09-30-2008 - 11:10pm

The system was bound to get to this point.


Heck, for the last several years we would hear how the economy was mostly being sustained by housing, and people had to know once that blew up we would be in deep doo doo.



Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

iVillage Member
Registered: 04-02-2008
Tue, 09-30-2008 - 11:14pm
I'm just irritated that FASB just caved to pressure.
iVillage Member
Registered: 01-28-2004
Tue, 09-30-2008 - 11:24pm

Part of the trouble started with this guy in the '90s:


http://en.wikipedia.org/wiki/James_A._Johnson_(businessman)


And this guy:


http://en.wikipedia.org/wiki/Franklin_Raines

iVillage Member
Registered: 03-25-2007
Tue, 09-30-2008 - 11:35pm
Wow...what do you bet that the Europeans demand that we re-regulate our markets or they won't trade securities with us?

Sopal

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