Wall Street Bail Out Bill of 2008 Fails: A Victory for Freedom...and the Stock Market Too

[...] Wall Street Bail Out Bill of 2008 Fails: A Victory for Freedom…and the Stock Market Too [...]

This interdependence that Clinton keeps pimping out doesn't look as promising, to the US anyway, as it did in the 90's. Notice how addicted to over printed dollars Japanese banks are. And furthermore. What say we start calling these bailouts (wachovia) what they really are. Buyouts!

Why not have the sec chairman do the marks to markup ..Without any legislation necessary..Is that like the kid suggessting you let the air out of the times of an 18 wheeler stuck in a bridge and they want to dismatle the bridge first to remove it?

Barney Frank should find a Democrat named Fred and together with Wilma Pelosi they could present their plan to put America back into the stone age, and at a press conference all they,d need to say is yuba duba doo. If the plan fails Fred could say WILMAAA.I hate to be sarcastic but these clowns could make a fortune on Saturday morning cartoons.

Question, How many times will they say, we have to get a deal done ASAP? No honey we can't have a Christmas until congress gets a deal done. I need help, I just can't continue my life without a deal. I'm just scared.

The KISS principle, Cold Gin time again!!!

Why is it that President Bush is taking all the blame for the effects of Bill Clinton's liberal policies? Shame on the democrats for trying to fix their failures with socialism! It's almost a miracle that the republicans came to their senses and acted as conservatives. Shame on them for letting the democrats get this far!

Why do we let 400+ people decide for 35,000,000? Isn't it time for us - US Citizens - to increase the size of the House of Representatives so they are more responsive to us who write their paychecks!

Apply the KISS principle to the Bailout. If there is such a 'sense of urgency" that we Americans have a "fear of loss" then why can't the negative media moguls explain what it means to the rank and file Main St of America. This is an economic situation whether American or Global that has to re-set itself and "no pain no gain"!

Pelosi got on TV and stated the 78% of us (the people) want this bailout. I would like to know where she got her number from because I can not find a single person that wants this bailout plan to pass. This bailout does not represent "the people" it represents the politicians! What ever happened to let the market take care of itself, isn't it called Laize Faire? What do the people get that were not stupid enough to buy a house that they could NOT afford to begin with? We get to help pay for the stupid people loosing their houses now (because they should not have made that decision in the first place). Lucky us. I had the opportunity to get one of these ARM loans, I thought better! In addition, we get to help wall street because obviously the crooked people as well as fat cat CEOs can take all the gains and their golden million dollar payouts as long as it is profitable for them, where are they now? Waiting for the taxpayers, much less fortunate than them to begin with, to pay their way out of what they caused!!!!!!!!!!!!

What ever happened to the word "Traitor" in American Language? TRAITOR: Noun:a person who betrays friends, country, a cause, etc. [Latin tradere to hand over] What ever happened to the law governing a "Traitor" in our society? What ever happened to our "Statesmen" governing as "Patriots"? Have we "Traitors" among us? Will they be punished if by nothing else but de-frocking of their titles as Representatives or Senators? I hope they will be sought out and punished by the people by electing true patriots.

Good to see that democracy still works even though the fat cats really want our money. I wasn't to eager to see the american people and their children and their children's children bail out the greed of the big business elite.The bailout is on us to be paid in full through our taxes and then some. HOORAY FOR DEMOCRACY

I'm glad this bill failed, but for those who want to play the blame a particular party game need to realize that both parties were at fault. Seriously, this goes beyond political affiliations. Bush proposed this bill and it fails... so people write yay for RED, shame on blue... WTF? Yes, Clinton's administration did hurt us but so did Bush's. Get over the whole political B.S. and remember to make sure those who voted yes on this bill don't get re-elected back into office. Those who voted no clearly listened to their constituents and correctly voiced their opinion by voting nay. Both parties nearly failed us. Remember that. John (a true bipartisan voter) Reno, NV

Cody, yah, yah, yah,...but don't count your chickens before the hatch. The capitalist, free enterprise system is far from safety. Our eleceted posse are poised to yank it into the arms of nationalism - lead by the speaker and perhaps buttressed by a benevolent Obama. I might hold on to that cash for the time being...I do, however, believe that that little thing called our Constitution will be upheld honoring our Capitalist system... Unfortunately, we're gonna have a lot more pain and suffering before we get there...

Could'nt of siad it any better my friend!!! We are all hurting!!! Still pushing in Central Florida!!! Kevin

Thank God congress listened to Ron Paul!

DOES BARNEY FRANK OWN ANY TEETH?

It's incredible to me to listen to these Wall Street folks saying "we need some help" and soon. They got themselves into this mess, let them get out of it.

I expect the stock market to drop below 9000 and then begin to rise sometime early to mid 2009. However, I also believe that the CEO's of these companies involved in this debacle all need to lose their life savings and their jobs due to their outright destructive actions to our economy. Their actions if initiated by a foreign power would have been an act of war...thank god this "bailout" (federally funded golden parachute) failed! Now we shall see a WHOLE LOT of regulation finally...perhaps some accountability as well....

WOW!!! Can you imagine the world today if congress had voted and defeated the Iraq War? And America was dealing with a budget surplus...The shock and awe did not work this time. And my family of 5 did not lend the government $10,000 this afternoon. YES!

I just did the math on the "We Deserve It" email that is circulating and it's wrong! Even at $700 billion it's only $3,500. Wow, disregard prior post!

I amazed that the house had found a sack and said no. Still leary as to what the excutive branch may do with the fall out from this. I don't think we have seen the end of the government big daddy here to save scum bags is totally over. Think we all need to keep the pressure on them to not even think of trying another bill.

CODY: WHEN WILL THE AMERICAN PUBLIC SUPPORT THIS ACTION AND CALL FOR THE RESIGNATION OF THE DEMOCRATIC LEADERSHIP? IF THE LEADERSHIP WTH A MAJORITY THOUGHT THIS WAS SUCH A GREAT DEAL WHY DID THEY NEED THE REPUBLICANS? IT APPEARS THE TYPICAL AMERICAN INVESTOR HAS HAD IT WITH POLITCIANS AND BY LOOKING AT THEIR PERSONAL LOSSES WILL VOTE THESE INCOMPETENT BONEHEADS OUT!!!! THANKS AGAIN FOR WORK AND KEEP UP THE GOOD FIGHT! LOREN

Amen. My heart skipped a beat in happiness and hope when I saw that that bill was NOT going to pass. The next few years are going to be hard. Very hard. My industry is always one of the first to get hit and one of the last to recover -- so it spells out a long, dry season for me. But, even with the hard times ahead, I don't want the government dipping into my children's wallets to shore up a pile of bad legislation and regulation and, well, greed. The sooner we hit bottom the better. Like the depression, when the government gets involved the bottom takes much longer to find, the suffering is greater and there's a new litany of laws and regulations to create more problems down the road. Now we need to pray they don't get back to together and manage to screw us later today... 'course, it's after five in D.C. -- not sure if they know what it means to put in a full day's work. Poor babies.

I have worked my @#$* off my whole life and no one has ever bailed me out. Now our law makers want me and the rest of the middle class to bail out Wall Street. Where were these same lawmakers when our financial institutions were loaning money out like their was no tomorrow. Everyone knew that adjustable, low interest and zero down loans were going to break the bank some day, well guess what! I personally don't want a single dollar of mine to help bail out our government and those financial institutions with there 50 million dollar a year CEOs. They can all go pound sand with Bush. Thank you, Ray Gonzalez