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Just more on a big pile.
Hell NO EVER! Let the country fail into a depression.
NO, because there will be no depression just Wall Street getting fatter.
No, but I can be convinced.
Yes, but we should take another week or two to decide.
Hell YES! We need it now and in any form.
Yes, but I'm starting to change my mind to no.
What are your thoughts on the bailout?
I believe a bailout is necessary to avoid financial catastrophe. It's not a matter of good versus evil, but just a failure in the government's attempt to enter the marketplace and make home ownership more attainable. Worthy cause, but lousy implementation. People, businesses, and investments fail all the time, so hopefully we learn from our mistakes and do better next time.
Just more on a big pile.
I think its better to let everyone involved, including the stock holders to be allowed to fail. Bailout means no fear to do it again. Other companies will come in and pick up the pieces. The valid fear is that people will have a hard time getting loans. The solution then is to give the remaining financial ins utes that have done right, help backing up the money the need to loan out.
It is also imperative to remove the various legislations that caused and allowed this to happen in the first place. It is total insanity[1] to consider any bailout without removing the causes.
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I want to vote : "Yes, but I hate those greedy assholes for getting us into this mess and I think they should either a)serve jail times, b) work for minimum wage or c)pay money out of their own pockets back to the government"
Its a sad day when we bail richers out at the expense of the people honestly working themselves to death. You never get true reform from a semi fixed problem. Its going to have to collapse completely for real change to happen.
yes, if it means people will lose their homes if there's no bailout.
They will lose their homes regardless. This has nothing to do with keeping people in their homes. They've already set up halfassed programs for that.
Agreed!!!!!!!
Its going to have to collapse completely for real change to happen.
then i vote no
oh and you get no vote. Other more out of touch richers are the ones who get a vote.
That's not going to change with this bailout. This thing is all about Wall Street.
The ty thing is we are still going to have our recession either way. Actually I'm convinced that we were going to have a recession, but now with this bailout we're going to have another great depression.
We were going to have to go through the recession anyway. It's part of the natural cycle of a free market economy. Sort of like forest fires destroy but then give birth to new life.
But this thing is all about saving Wall Street's greedy asses.
Interesting, watching the vote right now on TV (House of Reps)
Currently:
Dems: 68 yea, 24 nay.
Repubs: 27 yeah, 38 nay.
Proud of the Republicans.
I couldn't agree more. Right now the banks are tightening up so much its tough to get anything done. This isn't going to change with the bailout. I'm expecting lending to be tight for at least another 2 years. No ones going to qualify to fill those empty homes.
On a brighter side if you can buy into affordable apartment housing I'd jump. Especially if its a place that skips over pulling credit for rental approvals.
117-112 is the vote in the House right now
Of course, if you have your financial house in order (wow, that was a lot of unintended puns...) you can get a great deal for a home. Lenders are lining up for those with excellent financial backgrounds.
150-144. 140 votes outstanding, 68 votes needed to pass.
Damn.
I will say this... If the House doesn't pass this thing, you are going to see the greatest one day drop in the stock market ever.
This would make Black Monday look like a good day.
162 yea
164 nay
Lots of Republicans left to go.
If every Democrat left to vote votes yea this will pass by 4 votes at this point.
This is amazing. May be witnessing history in the next 5 minutes.
Good lord, this is going to be razor thin.
DOW is in free fall at the moment.
Yea:188---Nay:207
ha look at that drop
They need 218 to pass, not going to happen.
DOW dropped 400 points in the last two minutes. Holy .
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