Comments on: Evening Buzz: Bailout Rejected http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/ Tue, 22 Dec 2009 04:00:12 +0000 http://wordpress.com/ hourly 1 By: Glenn,Louisiana http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-5/#comment-352561 Glenn,Louisiana Tue, 30 Sep 2008 13:45:22 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352561 I don't think the government should bail them out. It may hurt the country for a while but maybe the people making these decisions on wall street would be a little more careful. My home was in the path of the last two stroms that hit the gulf coast. I had to take my family and leave. It cost me alot to be gone. When I was finally let back into my area my house had been spared but someone broke into it and robbed me. The federal government turned me down for any type of renbursement becauce I have a job and a little money in the bank. I lost 3 freezers full of food. They were giving out food stamps to people who needed help,for the month, but I did not qualify because I had a job and a little money.The working peope in this country don't have a chance with the system we have in place.This is a sad place we live in. I don't think the government should bail them out. It may hurt the country for a while but maybe the people making these decisions on wall street would be a little more careful. My home was in the path of the last two stroms that hit the gulf coast. I had to take my family and leave. It cost me alot to be gone. When I was finally let back into my area my house had been spared but someone broke into it and robbed me. The federal government turned me down for any type of renbursement becauce I have a job and a little money in the bank. I lost 3 freezers full of food. They were giving out food stamps to people who needed help,for the month, but I did not qualify because I had a job and a little money.The working peope in this country don't have a chance with the system we have in place.This is a sad place we live in.

]]> By: Deb. NC http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-5/#comment-352559 Deb. NC Tue, 30 Sep 2008 13:44:43 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352559 I can't find a cell in me that thinks it is OK to bailout the big money people. I want to hear WHY congress hasn't said they will be investigated, and their riches taken to help recover. Who cashed in their stocks recently in foresight? Get that money back. They KNEW what was going to go down and you can bet they protected theirselves.! Those of us that made smart decisions with our money CAN NOT be made to fix problems for those that didn't. I also want to know that these criminals are not at the helm still. I can't find a cell in me that thinks it is OK to bailout the big money people. I want to hear WHY congress hasn't said they will be investigated, and their riches taken to help recover. Who cashed in their stocks recently in foresight? Get that money back. They KNEW what was going to go down and you can bet they protected theirselves.! Those of us that made smart decisions with our money CAN NOT be made to fix problems for those that didn't. I also want to know that these criminals are not at the helm still.

]]> By: chuckin cda http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352535 chuckin cda Tue, 30 Sep 2008 13:30:12 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352535 This is clearly a political move by the Republicans who are trying to get back winning the majority votes come November.They want pay back remembering the Democrats had their measure for the past two years. The Republicans know they are going to loose the Presidential elections so they are fighting for their lives like a drowning person.Shame on John McCain who to my surprise is blaming Obama for the Bailout Plan failing yesterday.McCain has shown that he is not the guy that will say "i'm sorry,i made a mistake" bearing in mind he closed his campaign to return to Washington to get the plan approve .It's time for the Republicans and John mcCain to shut-up and get the the job done. America--------What has George Bush done for you in the last eight years? This is clearly a political move by the Republicans who are trying to get back winning the majority votes come November.They want pay back remembering the Democrats had their measure for the past two years. The Republicans know they are going to loose the Presidential elections so they are fighting for their lives like a drowning person.Shame on John McCain who to my surprise is blaming Obama for the Bailout Plan failing yesterday.McCain has shown that he is not the guy that will say "i'm sorry,i made a mistake" bearing in mind he closed his campaign to return to Washington to get the plan approve .It's time for the Republicans and John mcCain to shut-up and get the the job done. America--–What has George Bush done for you in the last eight years?

]]> By: Bob T http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352486 Bob T Tue, 30 Sep 2008 13:04:03 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352486 On AC360 last night, I heard much talk about how Congress has failed. I think many around the Country view Congress in the light that they succeeded! This bill was ill-conceived with half baked solutions, it did little to protect the consumer, it did little to make changes and control companies that are bailed out, it did little to take majority ownership and clean house, it did little to cut and/or fire upper level management. If I purchased a company that was distressed and close to bankruptcy I would clean house and install new management where needed to turn the company around. This bill had very little common sense and again, did little for the consumer. Trickle down economics such as this bill is, is more of the same. I have had enough of this President and his cronies robbing us blind…..can I make it any plainer than that? On AC360 last night, I heard much talk about how Congress has failed. I think many around the Country view Congress in the light that they succeeded! This bill was ill-conceived with half baked solutions, it did little to protect the consumer, it did little to make changes and control companies that are bailed out, it did little to take majority ownership and clean house, it did little to cut and/or fire upper level management. If I purchased a company that was distressed and close to bankruptcy I would clean house and install new management where needed to turn the company around. This bill had very little common sense and again, did little for the consumer. Trickle down economics such as this bill is, is more of the same. I have had enough of this President and his cronies robbing us blind…..can I make it any plainer than that?

]]> By: debbyarr http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352480 debbyarr Tue, 30 Sep 2008 13:00:48 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352480 I think the reason the vote failed is because of the media. The media keeps calling it a "taxpayer bailout of Wall Street" when it's not that simple. All of America hates the idea as described by the media but they haven't been told all the facts. The politicians in Congress are acting like politicians and not voting for something that the country needs because they're afraid of not being reelected. If something doesn't pass, it's going to be a black Christmas because stores won't have the credit (money) to buy their Christmas stock which is what a lot of stores depend on to stay in business all year. I think the reason the vote failed is because of the media. The media keeps calling it a "taxpayer bailout of Wall Street" when it's not that simple. All of America hates the idea as described by the media but they haven't been told all the facts. The politicians in Congress are acting like politicians and not voting for something that the country needs because they're afraid of not being reelected. If something doesn't pass, it's going to be a black Christmas because stores won't have the credit (money) to buy their Christmas stock which is what a lot of stores depend on to stay in business all year.

]]> By: Rose Wapenski http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352467 Rose Wapenski Tue, 30 Sep 2008 12:52:02 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352467 Does the taxpayer get saddled with a $700 billion debt for generations if the bailout fails? If it fails then what happens?? Does Wall St. continue to ask for more money?? Does the taxpayer get saddled with a $700 billion debt for generations if the bailout fails? If it fails then what happens?? Does Wall St. continue to ask for more money??

]]> By: Guillermo Castanon http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352452 Guillermo Castanon Tue, 30 Sep 2008 12:36:37 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352452 I have said to my friends since 9/11 that the real terrorists are not those that kill us and get it over with in a hurry. Since I consider myself a good christian. The real terrorists are those who have the power to make us poor, beg, and hope that the govt. will have a handout after all of our means of sustenance have been depleted by those individuals who plunder our retirement funds, or investments or savings. Those who take away our means of survival in a humane and civilized way. Those whose greed know no bounds and whose butt don't get in trouble because of deregulation. We continue to think that big business will take good care of us because we have invested our lives helping them get were they are as workers or consumers, but, once again we forget that our human nature is such that we need to be checked and balanced by something or someone. I have said to my friends since 9/11 that the real terrorists are not those that kill us and get it over with in a hurry. Since I consider myself a good christian. The real terrorists are those who have the power to make us poor, beg, and hope that the govt. will have a handout after all of our means of sustenance have been depleted by those individuals who plunder our retirement funds, or investments or savings. Those who take away our means of survival in a humane and civilized way. Those whose greed know no bounds and whose butt don't get in trouble because of deregulation. We continue to think that big business will take good care of us because we have invested our lives helping them get were they are as workers or consumers, but, once again we forget that our human nature is such that we need to be checked and balanced by something or someone.

]]> By: Vikki http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352435 Vikki Tue, 30 Sep 2008 12:08:56 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352435 What Nancy Pelosi said was the TRUTH. You cannot pass an absurd bill like this without making laws and regulations so that something like this does not happen again. Apparently, within this bill, all it was going to do is bail out Wall St., with no changes other than a blank check....She was trying to put forth some responsibility and people are slamming her for it? Why is it as soon as someone speaks for the people, they are "partisan" and should be ridiculed and put to shame? I am happy Wall St and the rich are finally feeling the wrath the American people have been going through...to finally know what it is is like to wonder where your next paycheck is coming from, to slowly watch everything you have worked for disappear... to watch their lives and money spiral out of control. Give the money back to the American people, not Rich st! They don't need this money, the American people need it! Where's our bail out plan? When do we get saved from the government? What Nancy Pelosi said was the TRUTH. You cannot pass an absurd bill like this without making laws and regulations so that something like this does not happen again. Apparently, within this bill, all it was going to do is bail out Wall St., with no changes other than a blank check....She was trying to put forth some responsibility and people are slamming her for it? Why is it as soon as someone speaks for the people, they are "partisan" and should be ridiculed and put to shame?

I am happy Wall St and the rich are finally feeling the wrath the American people have been going through...to finally know what it is is like to wonder where your next paycheck is coming from, to slowly watch everything you have worked for disappear... to watch their lives and money spiral out of control.

Give the money back to the American people, not Rich st! They don't need this money, the American people need it! Where's our bail out plan? When do we get saved from the government?

]]> By: Jeff Hildebrand http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352432 Jeff Hildebrand Tue, 30 Sep 2008 12:04:02 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352432 When it comes time for me and my children to repay this "rich get richer" bailout, WE're going on vacation. When it comes time for me and my children to repay this "rich get richer" bailout, WE're going on vacation.

]]> By: derek duvall http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352419 derek duvall Tue, 30 Sep 2008 11:38:46 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352419 Democrats, don't give in. Lending money to wall street is not the answer. Borrowed money is part of the problem that put our economy in the state it is in. Come up with a trickle up proposal and the people will back you all the way to the bank, if they are still open. Derek Duvall. Democrats, don't give in. Lending money to wall street is not the answer. Borrowed money is part of the problem that put our economy in the state it is in. Come up with a trickle up proposal and the people will back you all the way to the bank, if they are still open. Derek Duvall.

]]> By: Steph http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352415 Steph Tue, 30 Sep 2008 11:28:52 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352415 For you all people out there who have actually convinced yourselves that the NO vote is a Republican tactic and all about the election, try reading something other than the liberal blogs you are addicted to. Did it ever occur to you that they voted no because that's what their constituents want?? We don't want Wall St. bailed out - they made the mess - let them suffer the consequences. I don't believe for a minute that these companies failing is going to affect me - it's just going to continue lining the pockets of the greedy crooked Wall St. fat cats. There's a saying out there in the world of drugs and money laundering and weapons sales -- FOLLOW THE MONEY. The trail will always lead you to the guilty party. Follow this trail and you'll see that this all began when your beloved President Bill Clinton started pushing financial companies and Wall St. execs to make more loans to low-income minorities. What did you expect from a no income verification loan??? For you all people out there who have actually convinced yourselves that the NO vote is a Republican tactic and all about the election, try reading something other than the liberal blogs you are addicted to. Did it ever occur to you that they voted no because that's what their constituents want?? We don't want Wall St. bailed out – they made the mess – let them suffer the consequences. I don't believe for a minute that these companies failing is going to affect me – it's just going to continue lining the pockets of the greedy crooked Wall St. fat cats. There's a saying out there in the world of drugs and money laundering and weapons sales - FOLLOW THE MONEY. The trail will always lead you to the guilty party. Follow this trail and you'll see that this all began when your beloved President Bill Clinton started pushing financial companies and Wall St. execs to make more loans to low-income minorities. What did you expect from a no income verification loan???

]]> By: Al http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352396 Al Tue, 30 Sep 2008 10:05:32 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352396 Its ridiculous that we are even talking about a bail out of Wall Street investors...That's like giving a gambler his money back when we find out he's lost it all at the track...Nobody forced anyone to put their money in bad investments so why should I be forced to pay for their mistakes. Blame the failure of the resolution on anyone you want, maybe President Bush for that lame speech on how bad a shape we'll all be in if not pass(we're already in bad shape),maybe Congress(of course they couldn't even bust Roger Clemens), maybe Pelosi(for telling the idiots in the House just what they needed to hear), or maybe me and the rest of the civilized world for not being so darn stupid. Its ridiculous that we are even talking about a bail out of Wall Street investors...That's like giving a gambler his money back when we find out he's lost it all at the track...Nobody forced anyone to put their money in bad investments so why should I be forced to pay for their mistakes. Blame the failure of the resolution on anyone you want, maybe President Bush for that lame speech on how bad a shape we'll all be in if not pass(we're already in bad shape),maybe Congress(of course they couldn't even bust Roger Clemens), maybe Pelosi(for telling the idiots in the House just what they needed to hear), or maybe me and the rest of the civilized world for not being so darn stupid.

]]> By: Crystal Banman http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352387 Crystal Banman Tue, 30 Sep 2008 08:47:50 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352387 I am a Canadian and I have something to say. I feel as though this is a game of chess not checkers. In my opinion I feel as though OUR foes were not only waiting for this to happen but they knew this would happen. I am a Canadian and I have something to say. I feel as though this is a game of chess not checkers. In my opinion I feel as though OUR foes were not only waiting for this to happen but they knew this would happen.

]]> By: Mark Goldendale Wa http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352370 Mark Goldendale Wa Tue, 30 Sep 2008 07:45:07 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352370 I can't understand how one person can change a house of many. These goverment reps. have been arguing on this bail out plan and now they she made me do it . Bull , Most of us I hope do have brains. I can't understand how one person can change a house of many. These goverment reps. have been arguing on this bail out plan and now they she made me do it . Bull , Most of us I hope do have brains.

]]> By: Brian http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352349 Brian Tue, 30 Sep 2008 06:59:53 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352349 This is the second time a small group of Republican house members has derailed the bailout package, and their leader John Mccain is snickering over in the wing, thinking he'll swoop in as president and straighten this Bush mess out like some knight in shining armor. If they truly felt they were right, you'd think they'd be proud to say it out loud, but none of them have the guts to stand up and admit what they did. Everyone, including the Republican leadership, said they had the votes, so I'm sure these house voters did say they would vote yes and then voted no. There is a record, I feel that the record of the votes should be shared so we know just who to thank for possibly crippling our economy. They showed absolutely no leadership, and now they leave town and go back home wanting to be re-elected. What a farce this political process has become. This is the second time a small group of Republican house members has derailed the bailout package, and their leader John Mccain is snickering over in the wing, thinking he'll swoop in as president and straighten this Bush mess out like some knight in shining armor. If they truly felt they were right, you'd think they'd be proud to say it out loud, but none of them have the guts to stand up and admit what they did. Everyone, including the Republican leadership, said they had the votes, so I'm sure these house voters did say they would vote yes and then voted no. There is a record, I feel that the record of the votes should be shared so we know just who to thank for possibly crippling our economy. They showed absolutely no leadership, and now they leave town and go back home wanting to be re-elected. What a farce this political process has become.

]]> By: Yvette Lagura http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352346 Yvette Lagura Tue, 30 Sep 2008 06:52:05 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352346 I am the original owner of my house since 1986. I refinanced in 2005 and now the lender has gone bankrupt. A Servicing Company is still collecting my mortgage payments. When I requested over the telephone "Who is holding my note?" The customer service representative replied, "I am not privy to disclose that information. Even if you put your request in writing, there is no gaurantee the information will be disclosed." Where is my note payments going to? The servicing company do not hold a copy of my contract. I am current on my mortgage payments. The servicing company has sent me a threatening letter on the subject of foreclosure. They do not have the power to do that do they? They are not a lender or mortgage company. Please help me. New Century Mortgage defaulted on my loan. I am the original owner of my house since 1986. I refinanced in 2005 and now the lender has gone bankrupt. A Servicing Company is still collecting my mortgage payments. When I requested over the telephone "Who is holding my note?" The customer service representative replied, "I am not privy to disclose that information. Even if you put your request in writing, there is no gaurantee the information will be disclosed." Where is my note payments going to? The servicing company do not hold a copy of my contract. I am current on my mortgage payments. The servicing company has sent me a threatening letter on the subject of foreclosure. They do not have the power to do that do they? They are not a lender or mortgage company. Please help me. New Century Mortgage defaulted on my loan.

]]> By: Tiffany http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352338 Tiffany Tue, 30 Sep 2008 06:43:39 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352338 Wall Street Bailout Suggestion: This morning a viewer presented a new idea to help the economy......Our government wants to give 700 billion dollars to wall street and have tax payers pay the price. Why don't they give every tax paying American a one million dollar stimulous check out of the 700 billion? This would only be 300 million dollars. Then require each tax paying American to pay off debts ie..mortgages, credit cards, etc. In addition, they would have money to spend (which would stimulate the economy) and money to save & invest which would help the banks and wall street. The viewer who presented this was a genious and I don't know who he is. I would vote for him for President! Wall Street Bailout Suggestion: This morning a viewer presented a new idea to help the economy......Our government wants to give 700 billion dollars to wall street and have tax payers pay the price. Why don't they give every tax paying American a one million dollar stimulous check out of the 700 billion? This would only be 300 million dollars. Then require each tax paying American to pay off debts ie..mortgages, credit cards, etc. In addition, they would have money to spend (which would stimulate the economy) and money to save & invest which would help the banks and wall street. The viewer who presented this was a genious and I don't know who he is. I would vote for him for President!

]]> By: Goose, Tucson, AZ http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352324 Goose, Tucson, AZ Tue, 30 Sep 2008 06:22:46 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352324 Mr. Anderson why are you pushing this bail out? I moved my 401k investments out of stocks back in November of 2007. Why, well that's when the housing market problem started to appear in the headlines. Guess what my loss so far has been minimal. I have kept a small amount in short term investments but mostly no stocks. Yes the stock market has lost $1.2 trillion but we need this correction. I don't believe its a correction until we see the DOW in the 6-8 thousand zone. Let the market correct itself. Once the carnage ends congress should passing the appropriate regulation followed by job creation stimulus like infrastructure repair/upgrading. Mr. Anderson why are you pushing this bail out? I moved my 401k investments out of stocks back in November of 2007. Why, well that's when the housing market problem started to appear in the headlines. Guess what my loss so far has been minimal. I have kept a small amount in short term investments but mostly no stocks. Yes the stock market has lost $1.2 trillion but we need this correction. I don't believe its a correction until we see the DOW in the 6-8 thousand zone. Let the market correct itself. Once the carnage ends congress should passing the appropriate regulation followed by job creation stimulus like infrastructure repair/upgrading.

]]> By: Mary http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352323 Mary Tue, 30 Sep 2008 06:22:19 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352323 Do we forget how dynamic markets are? While it's obviously a huge loss today...the bigger question is where will we be in a day, a week, a month or 2 years? Why is American obsessed with government "solving" everything? It makes me nauseous. What ever happened to empowering individuals to take responsibility for their lives. If government hadn't mandated financial institutions to give loans to unqualified people, we wouldn't be in this mess. Now we've got to allow the markets to correct. It'll take time...but, in the end, we'll be a stronger country for it. Do we forget how dynamic markets are? While it's obviously a huge loss today...the bigger question is where will we be in a day, a week, a month or 2 years?

Why is American obsessed with government "solving" everything? It makes me nauseous. What ever happened to empowering individuals to take responsibility for their lives.

If government hadn't mandated financial institutions to give loans to unqualified people, we wouldn't be in this mess. Now we've got to allow the markets to correct. It'll take time...but, in the end, we'll be a stronger country for it.

]]> By: Doug DeFrain http://ac360.blogs.cnn.com/2008/09/29/evening-buzz-bailout-rejected/comment-page-4/#comment-352320 Doug DeFrain Tue, 30 Sep 2008 06:20:56 +0000 http://cnnac360.wordpress.com/?p=10924#comment-352320 We need more good paying jobs. Not a bailout. Thanks to NAFTA. We need more good paying jobs. Not a bailout. Thanks to NAFTA.

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