NinevehDinha's Blog

Thats the exact Question I want to know. Which moron, lacking experience, put is in this position in the first place?

That's a rhetorical question though for I am pretty sure I know the answer... My theory is that GREED fueled the fire thats burning the market to ashes. These "thieves" sucked everything they could out of the financial systems water bucket until it began to collapse and run dry. Now the Government wants to fix the leaking bucket by dumping more water into it. They want to use your water so the Greedy can suck that out too! Putting more water in won't stop a leak!

Sure Greedy buyers play their parts in the equation as well by buying the super home rather than the practical home. But homes should be reasonably priced, and not marked up two or more times it's value. Their marked up so much because everyone wants a piece of the pie everyone wants to capitalize off your dream of making a living for your family...

I think the FBI will investigate but that will be all they will do nothing to protect the common person. The greedy lipstick clad swine will leave us all desperately trying to feed from an empty trough...

It's hard to say what is going on until the final debates. McCain seems to be shifting his policy a little or playing it up. But remember he is from the camp that create this mess. Why we haven't regulated salaries for high salary employees coming off the top of the profits of share holders before now amazes me. How did we get here. We paid attention to own our selfish desires. The Government allowed Banks to give out credit to young people with nothing but a working future at an unbelievably high interest rate 23%. At that rate with your status you never pay off $4000.
Bankruptcy became the trend! And that was allowed! I'm embarrassed for us I don't know what to say about the corporate bail outs.
And still paying high salaries?

Here is how we got here, When banks loan money to people who weren't qualified, they were for the most part taking the word of crooked and greedy mortgage brokers, who falsified income levels, and doctored credit histories of applicants. I used to work in the apartment industry for a while and working as an accountant I used to see and fill out rental histories of home buyer applicants, I would fill out the forms for the mortgage brokers and fax back to them, on more than several occasions I would receive a call from the mortgage broker asking me if I could increase the rent amount on the form.

in response to the question posed by Ninevah, "Maybe there should have been some regulations before this happened," there were it was Bush, and Mcpain and the rest of the die hard republician Cronies that passed legislation to remove the government oversight, and regulations making the same claim that a market with government oversight is not a free market.

I also believe that a bailout is a soulution but it has to be done right, and it has to be done quickly, we can not just give the people who stole the money more money to do with as they please, we have to have some kind of oversight by congress. It is also important that the taxpayers have some kind of return on this investment, Investment what a joke, we are now all partners in wall street banks how about that. I also believe that the Exec boards of the "Bailed out" companies should give up 2 years worth of sallaries and bonuses.

The main point about the economy right now is that bailouts are only supported by 7% of the people according to a Rasmussen poll, and the government are trying to make the discussion more about how we proceed with it.

The administration does not appear to listen to the people who elected them, but sometimes people are slow to let them know how they feel. We need to contact our representatives and senators while there is still time (i.e. today or Thursday) Phone calls and e-mails are fairly quick and contact information is not hard to find. I think it's worth taking the time to let them know.

The government and the people should step back and let it fall.... This is the problem with America we forgive stupidity way to easily....

I do not feel bad for the people that will lose there homes because they over spent..

I do not feel bad for the people who will lose there jobs over this.
Why should I care for someone who worked for a corrupt company. We all make our own choices.

I do not feel bad for retirement loss's.
Its yours take care of it. Become proactive with it. Not everyone in this market is losing money. Some people are making it hand of fist.

Flat out the federal bail out plan is not for people who chose to live with in there means and were diligent with there finances.
It is for corp America.
The only persons I feel bad for are the People who chose to live with in there means and for our children who will still be paying for this. Horrible mistake.

PS-I DID live within my means...

The economy is definetely my biggest concern as far as politics go. I think a lot of people who don't particularly take a lot of interest in politics are worried about that aspect because they can see how it affects them directly. Everyone is worried about it. There's a reason it's called a "crisis". Plus the gas prices and how much money the war cost didn't make our situation much better, but it really just boils down to greed (like mentioned earlier). One word, "greed". Not a big suprise there. As for which presidential candidate is more experienced I would go with McCain. McCains big argument is that Obama lacks experience. If that's true then McCain really is the best choice (assuming he actually does something about the economy) because a lack of experience may have also got us into this mess like what was stated earlier. McCain says that he will put America first, so I hope that if he wins he will actually do what he says he's going to do. Both candidates seem to be pushing for change. We need change in this economic crisis. I don't know whether Bush's bill will help or not, but hopefully it does, and it's about time he got off his high horse and tried to do something about it. I think the only reason he's doing anything is because his term is almost over, and he wants to lower his unpopularity just a little bit before he goes out. It's just like J. Edgar Hoover. Don't do anything until your term is almost over. Hopefully the president who wins is the one who's qualified and willing to change the economy.