Hi Susan, I’m a college student with college loans from a private lender, Sallie Mae. Many College students out there have loans from companies like this now a days. How is this going to effect us as college students in making payments, and the interest that we may face.

Thanks
Darren Sterud
UW Whitewater
Whitewater, WI

I have a question for Susan Lisovicz . I’m 62 and want to know if I should sell some of my stocks to pay off my home?

Lost in thoughts in Massachusetts.

Ugh! It seems we’ve finally exhausted the value of a two-party system. The country is so polarized we can’t seem to save ourselves. We need the benefits of multiple parties, more choices and a true coalition form of government.

Anderson,

People are angry. They want Bush, the Republicans, Bernanke, and Paulson –who all denied a problem until a few weeks ago — to admit they made huge mistakes.

We want Pelosi to stand up and assign blameinstead of allowing disaster after disaster to occur without anyone be held accountable. Maybe we’d be more likely to endorse a bail-out if only Bush and company would accept blame. We want to see Bush contrite before he leaves office.

Kudos to Pelosi!!!!

Question for our law makers:

Why don’t we use the $700 Billion to sure up the strong banks and let the weak ones fail? The American pubilc may buy into suring up the stronger, more responsible banks so credit will continue to flow!

I am retired teacher and live on my very limited retirement. I contacted my congressman and said no to bail out…REASON, BECAUSE NO ONE WILL TELL US WHAT THE BILL IS ABOUT AND WHY IT WAS TURNED DOWN….I DO NOT BELIEVE IN THE FEAR TACTICS PRESENTED BY OUR PRESIDENT AND THE MEDIA…WOULD SOMEONE JUST EXPLAIN WHAT THE BILL IS AND HOW IT WILL HELP ME!!!!!!! WE DON’T UNDERSTAND.

Anderson,

Let’s take the 700B and invest it in getting us off foreign oil.
At least we’ll get something then. I’m not buying the arguments being made by the press.

fear is NOT the answer! its america in trouble ,we shall overcome this!hang tuff america

william
arizona

It is UN American how congress has gone home for the Jewish holiday. This just shows how poor our representatives are. Republicans and Democrats both don’t care about us the tax payer. I cant wait to vote our representatives out of office because our fellow brothers and sisters are losing their homes their jobs and their savings.

If McCain or Obama want to win overwhelmingly, here is what they should commit to at the next debate.

They will pass the $700B bill within 30 days after entering office. They will pull out of Iraq within 30 days, yes 30 days, after that in order to help save $10B per month to offset the $700B and the earlier $85B bailouts. The only way we would stay in Iraq is if Iraq pays us every month in advance. They will review every other foreign entity that we are supporting with the goal of possibly stopping financial aid within 30 days. America must first be able to feed itself and take care of itself before it takes care of the rest of the world. It really is as simple as that.

The world will understand. Whomever is brave enough to make this commitment and follow through will be the next President of the United States of America. And a great President at that.

Is it possible to find out what members of congress voted AGAINST the bailout AND pulled significant money OUT of the market in the last 7 days. I would hate to think that someone would vote against it, but then make a move that displays their knowledge of what this means for the general public. I have a bad feeling there would be more than we think. Can this be done?

It would be nice if someone in the news media actually tried to educate us on WHAT the bill has in it (without us needing to read all 100+ pages of weaselwording) and help us understand, say, the 5 biggest points of contention on which the vote hinged. Instead all I hear is WHO did this, WHO said that, WHO wants this…

How about some useful information for us voters. Provide us with some understanding of the ISSUES not the PEOPLE.

What does PMI cover, I thought this was to cover a mortgage if you defaulted.

Hi,
Hey Susan, on Opra you gave great advice!!! America Life Within Your Means! Go cash. If You don,t have the money; wait till you do.

Susan==please get the word to the Presedent-his solution is to enable more econimy by “Lies”-===IE -his statement in his speece “do the bailout so banks can began lending money”

but most of all—-with money comes responsibility! any company needing a bail out would not pay any perks to management. Salary only.

This 700 billion problem is the repuplican fault and now they want the poor people to bail them out and Mc Cain started this mess and now he wants to blame Obama give me a break the people on wall street want tgo get richer and richer and it is not fair for us to suffer with high taxes to help them out. We are living in some tough time , We cannot have 4 more years of this mess with the Mccain and Palen ticket.I have a solution make everyone who makes less than 200,000.oo to not pay their mor4tgage for 4 months.

Not Quite Mr. Cooper.

Where do you think the $700B is coming from?
The White Night must sale $700B of assets or take the money out of a bank.

For Example, $700B leaves a bank, goes to the4 Fed;s and Goes back to a bank.

Or the investor sales $700B of Stock and buys the $700B of new bonds.

If the 700 billion dollar had won the majority vote, how much would that have cost me as an individual?

What would be wrong with turning the bail out into an economic stimulus package….giving every american $2300 would go a long way to reduce the debt that is the heart of this problem….a family of four would get around $9200….that could pay off credit cards, make at least a few mortgage payments, and probably encourage retail spending?

Besides…the vast majority of americans would be for that…which would go a long way to encourage those in congress to approve it.

Here’s a very simple and educated solution;

Give every American home owner over 20 years of age $400,000. By doing this, people will pay off their mortgages, loans, cars, etc. This will benefit EVERYONE because we will be stimulating the economy much more than we would if we spent $700 Billion to buy out a single bank. Hello?!?!?!?!??? Did I also mention that the government would also tax that $400k and STILL get money back?? Yup, it’s a win-win situation! WAKE UP AMERICA!!!!

Hi,
I have been widowed for 23 years and I have a small Social Security check and also a Civil Service Pension. This is my only means of support. Do you have any idea how this situation might affect the incomes of all of the persons who are living on Government pensions? Thank you.

Suze,
What is the guarantee that this mess will be cleared with the $700 billion? What if this $700 billion bailout plan makes the situation even worse? What will we do if the problem doesn’t go away and require another round of $700 billion?

i am embarassed to be an american under a republican dumbrella. we have been mislead by bush mccain paulson house gop absent dick cheney. why would any half brain american want the republicans to be the leader of this changing country. republicans sold us one too many lies and want us to buy another one. the party cried wolf too many times. new young forward thinking presidential leadership is needed. GOD bless us all. the world we so snub is watching the wright roosters come home to roost.

I am in the process of refinancing my home in the Texas area (I was spared damage by Hurricane Ike). In fact, the appraiser was here today.

How will this ‘777 crash’ affect mortgage interest rates? What factors will mortgage banks and brokers now require from lenders after this debacle? My credit score is excellent…will that matter any more?

Hey Anderson,

It seems to me that we can give all the money to Wall street that they want but how does that solve the problem. The middle class are the one’s that are hurting. Why don’t we take that 700 billion dollars and set up two funds. One to help the tax payer get out of these bogus mortgages and into a note that they can afford. Sure some of these people knew what they were getting into but so did the “fat cats” on Wall Street. The second to help the American public get out of high interest creditrcard debt. Offer them a way to get into a low interest rate so they can pay off their debt. Maybe this way people will be able to contiue to so stay in their homes and pay off their debt then they can start to borrow again.
On a different note, John McCain should send Sarah Palin Parah salin.

If the market is going down, who is buying,I would think that you would only be able to sell if there’s a buyer but apparently I mistaken please explain.

Land is at least tangible. Suzie’s comments target young people and that they should not be as “concerned” as those close to retirement. I say, young people should play it smart, not “flipping” real estate, but long term investment…I had a father, who said, “land is tangible”. No matter what happens, you still have the land…mutual funds, you have nothing…when lost!

I’m going on vacation to Europe in two weeks. Will the dollar’s value decline so much that I should cancel my trip and cut my losses?

Suze |Orman has no business saying its going to take until 2015 to recover from this. THis makes people run in the other direction and panick this is very bad for the economy. I feel you need to be positive, yes tell people the truth but dont embelish and exagerate. This is not what we need right now. Get someone who really knows what they are talking about.

Why are you not telling people to not invest in any US government financial product! Give Ron Paul a call and he will tell you how to vote, how (not to) invest and start getting back to the basics of what made the US a great country.

Work, save and build your house out of pocket!!

I want to know what the great Ralph Nader has to say about this finacial crisis????? This country would have been in better hands and in a better sate had Americans seen the light back in the day when he tried to run!….

I CANNOT believe your coverage and comments. All of your analysts are reacting as if the bailout plan was the ONLY option, and that Americans are too stupid to get what’s going on. This was a horrible plan for may reasons, and Americans got that. (The parallels between iraq are eerie, including the mdeia’s willingness to buy the Administration’s arguments hook line and sinker).

The situation is very serious–maybe Anericans were asking for a better plan before they plunk their money down even more. The fact that market fell doesn’t say that the vote against the plan was misguided, only that the market is looking for a plan. Just who do you think was doing all the selling? The volume wasn’t from “Main Street. ”

Now annoying Suzie Orman is rattling on. She just lamented the failure of the bill, and the next thing she’s saying the market might not recover til 2015– give you any sense about her comments on the bailout? She knows nothing more than the rest of us.

I’ve had to ash out my 401K to prevent my home from going into foreclosure. any advice on using these funds for this purpose.

What every news station fails to understand is that the American Public (Democrat and Republican) are against giving money to the crooks that caused this mess. It is principle! Why not have the Feds loan the money at interest to the crooked institutions? That’s what banks do to us!!!

The media keeps saying it is bad bill, but we need it and it really helps main street… What a joke!!! Loan them the money, make them work out their problems like we have to!!!

What happened to all the PMI for home buyers with less thatn 20% down?

Gentlemen:
Everyone is talking about small businesses will not receive short-term loan from the bank to make payroll. But no one is mentioning the fact that one of president bush’s first action when he took office was to cut the small loan program from the SBA, which was entirely geared towards helping small businesses. Can we see the connection?

Please explain why, if the problem is bank liquidity, the banks cannot borrow from the Fed to take care of their financial needs? This is what needs to be explained relative to the alleged need of the government to purchase poorly performing assets from the banks and other institutions.

Thank you,

R. Chatov, Prof. Emeritus of Public Policy, School of Management, SUNY@Buffalo

I’ve had to cash out my 401K to prevent foreclosure proceedings on our home. Any comment on using the 401K for this purpose. This has resulted in huge losses because I have had to cash it out at a loss. I am worried about the tax implications for next year.

C’mon we all know what would happen if this wallstreet bailout passes. The big FBI investigation will be dropped, the CEO’s will be richer and we americans paid for it. Why bail wallstreet out when we can bailout america for 700 billion dollars? Its just another example of the rich getting richer and the poor getting poorer. It is time for americans to stand up and show these fat cats and politications that we dont wont there greediness to mess this country up any more than it alredy is. There are plenty of others ways we could spend 700 billion in the economy. So who really benifits from this politications and fat cats or the american people? I think we all know the anwser.

anderson when are you going to find out what the mainstream people are thinking. all i see on your show are people who have enough money to need the bailout to save there millions. If I was losing my house susie would tell me to be more conservative in the future. but if she’s losing money we need a bailout. Thats the way I see it. Lou dobbs is the only one conserned about the little man

Is it not damaging for everyone that Susie who has no credentials outside personl finance is making comments on economic matters?

What is wrong with channeling the 700 billion through the masses so they can pay their mortgage. Wont the money end up in banks and other financial institutions?

Why is she uptight about people not being able to run up their credit card when he always says one should not run debt on ones credit card?

Why not use part for stuedent grants and loans, schools, roads, small business (small bus. adm) etc. etc.

Anderson,
It is quite obvious that this current session of Congress has proven their worth, ZERO!. I call upon the people of this great country to oust their representatives and senators and replace them with people that will do something more productive. My god, a mule can do a better job than those worthless zeros who are currently representing us. Those congressmen and senators should all step down, if they have any self-respect (which I doubt), and go back to their home districts and work and struggle like the rest of us have been doing! I know now that you really do not need any qualifications to hold office in this country. Look where that has taken us!!

Signed, A frustrated citizen

A few months ago Ali interviewed me in Tombstone, AZ. He’ll remember! I challenged him then to turn and find a single bag coming out of any shops! None to be seen! We who live in the real world have been watching this come to life for a while now! My own retirement droped 2 grand in the last year! (Must not have been putting my money in oil or instruments of war huh?) I’m working in Houma, LA. right now and folks….these folks are hurting in more ways than one! What ever they do is fine with me, as long as they don’t ask Me to pay some CEO’S Salary!!!! It’s about time our “Leader’s” Lead, and stop begging for more handouts from the hard working “Middle Class”…And that doesn’t mean people who make under 250 thousand a year, it’s the folks like me who are LUCKY to make 65 to 80!

I just happenned to request a direct rollover from my previous employer’s 401k recently and haven’t had a chance to mail the check to the new fund company to set up the rollover. Did I dodge a bullet today, and is this a good time to invest while the market is down? I’m 30 yrs old with a good risk tolerance.

Fall River, MA
Joe

you have heard of the rise and fall of the Roman empire is this the (Rise and fall of the American empire ??????

Dear Anderson,

I have a question. What is the potential impact of the financial crisis on our food supply. I understand that most farmers buy fuel, seed, fertilizer, equipment, labor, etc. with credit. They pay back the loans after the season is over when they have harvested and sold the crop. If farmers can’t get loans they may not grow crops. How in danger is U.S. agriculture?

Why is it that for two years from 2006-early 2008 the market rose 20% raising from 10,000 to 14,000. Is this not the market correcting itself. I am sorry that people saw their 401k drop by 10% but they are still above what they had in 2005? I had the foresight a year and a half ago when the mortgages were starting to go bad to take my money out of the market. So why is this hurting me. I understand if my job was at risk given some company’s that have to borrow to pay employees on occassion. Those of us that did everything right and still get hurt because jobs force us to move and can’t sell our houses feel like we are getting the shaft. I am paying a mortgage plus rent. I had 4 months worth of savings that I have now basically ran through during the last 8 months because of this. Now I am on the brink of bankruptcy and I see everybody getting bailed out but me. So I don’t think this bailout is doing anything for me.

I understand the collosal magnitude of this situation and the fact that it isnt going anywhere anytime soon. That being said, Suze Orman preaching armeggedon doesnt help people and the state of mind of the nation. Maybe we should all pack our bags, drain our accounts (what’s left of them) and move out of the U.S.. We can come back in 2015 when it will be safe (according to Suze) to show our faces and wallets again. She has offered nothing as far as a resolution or damage control other than telling everyone to pay off their credit cards. Yeah, that’s my priority…

Where’s the domestic “surge”, where’s John McCain now, where’s our elected officials? This is a disgrace and insult to all voting americans. If this package wasn’t good enough, why vote on it. This is political posutring at it’s worst.

I have a question on what to do with my stocks. My mother’s estate was completed last week. There was about 287,000 to be split between 6 of us siblings. My part of the trust was held in the trust and on Friday my brothers liquidated 5/6 of the trust into cash and left in trust my share 1/2 being in stocks and 1/2 Bonds. My friend says I should put my stocks in a money market account saying it won’t go up but at least it won’t go down.
What do you think?

We can agree that the of worlds distribution of power (USA controlling 65% of the world wealth while having less than 6% of the worlds population) is “out of balance”. The recent “financial crisis” is nothing more that than a historical inevitability..The steps to a more fair and equalized distribution of wealth and power…We’ve had a great 100 years of prosperity and this is histories’ way to allow others (India, China, etc.) have an opportunity to raise their standard of living.

I am 30 and have 5000 in credit debit, with 10000 retirement. Should I take some out to pay this off?

The problem is that everyone is yacking about how necessary this bailout is but why isn’t anyone on TV discussing the proposal in detail, put it on a big chart with bullet points in laymen terms and have fin.consultants explain it step by step, so we know exactly where our money is going. If this is our tax $, we should have the right to the actually proposal that congress just voted against. Its like making someone buy a car for 70,000, but you don’t have any info on the car.
If people could see the bailout plan, it might be easier for them to accept it.

Look the bailout is wrong and these companies in the forbes top 200 hundred need to be the ones baioling themselves out of this mess. Wipe out there bank accounts. Hey, I owe for my school loans will the government lend me 10K. please do,. I blame this largely on the presidents of this country freom the beginning. The struccture of our country has not ben in good form. Three points I;ll make then i’ll shut up. THis country doesn’t go to GOD for answers. 2. Slavery, leaving hurricane victims stranded, not helping the poor. Look we are getting a taste of our own medicine so don’t cry about it. 3. In order to have a better functioning country or world. The restriction level must come down. Now a days you must have a masters or doctors degree to even get a job. You must have a certain amount of money to get a loan. Certain grades to get into college. The bar of success is way to high. This country depends on small business owners. Why not give them grants that don’t have to be paid pack. If someone really needs the money it won’t hurt the government none to give these people a couple thousand to get on there feet. Some kids go on to college and excel more than they did in high school. All i ask is that we all starting giving each other a chance first if you mess up then hold it to restriction……………………………Goodnight

I have watched this political battle between the the candidates, along with the economic turmoil that our country now faces.
point one, it is true that someting has to be done by the senate and congress in the form of some kind of bill to help get these markets back on track, but what I see as the problem is that their are to many people with money in charge of the status quoe that will not be affected by our present situations because of all of the big monies that they have made in the past 8 to 10 years.
so how is a person that makes under $20,000 a year going to survive, and which candidate is willing to suppress what he makes per. year to make things happen for the little people???

it is not the american people who should do whats best for the country,but the politicians,big business and the rich! they got us into this mother of all messes.

I would like to know Why did they leave? I would like to know why don’t they help the middle class families who carry the country? Couldn’t they pass bill that will allow those of familes who are loosing their homes to forclosures to have a mortage refiance amiste ? The home owners , who can make the monthly payments put what they are behind on the back in of the loan & refiance them at let’s say up to 8% in interest & if they refiance again & get inthe same situtation so be it. If they want a bail out the stock markets. Help the people keep their homes & not keep mr. Mccain & ceo campain managers rich. Remember he was repremanded for lobbying 5 years ago.

Why can’t the Government guarantee 250 Billion in bonds similar to savings bonds and sell them to the public with a 5 % to 10% return after 5 years. I don’t think people want just a promise from the government that the money from the bail out will be returned to the tax payer.

I haven’t head anyone on CNN or other news media nor the canidates offer suggestions for addressing this crisis. I offer this suggestion as an Obama supporter. Simply, Change this bill to address the lopsideness where the corporations benefit (eliminate the golden parachutes), while taxpayer foot the bill. Also the government need to take an equity in the corporations that are balled-out. Most important, add provisions to help home owners in mortgage default and the rest of us little people.

i have a question for mr andersons financial experts, In this time of crisis i, like many americans, have some credit card debt. Its not overwhelming ,but there none the less. would it be wise to hold onto every penny we have left in savings for any unforseen emergency or let it get used up alieviating our debt but have nothing left in our savings accont? we currently have about 8-10 months of mortgage payments in savings and the majority of it would be used up on debt payments

Anderson
What is wrong with Congress they take off for a Jewish holiday while the biggest crunch in the stock market since the great depression.
They take off more time than they actually work and they need to do there jobs and get this worked out.
We can’t say the Pledge of allegiance or pray in our public schools and they are taking in God we trust off our money. The Politicians we have in this country make me sick.
Frank
Palestine TX.

I really think our younger adults need to understand how serious this economic condition is today. We should educate them on the 1929 crash and how this may impact the “X-generation” and the entiled generation of me first.

Poor president Bush, he started his term with a disaster and ends with another disaster.

I love your reporting Susan! Yeah you literally are at the ground zero of the financial world. Maybe the electronic malfunction was a symbolic sign of what is still yet to come. It may not be the end of the world as we know it,but we sure are in for a long bumpy ride.

The Bell is Broken. Wall Street is GREED. Regulate and tax these FOOLS. They can bail themselves out by paying a tax on trades. Blame the guy in the White House for the last 8 years and the guy trying to suceed him. WAKE UP AMERICA..

they say its credit cards and mortgage debt,i got a good idea use the 700 to renegotiate the rate on these mortgages on as many as they can……but they wont do that because the real bailout is not the seniors or the people but the ones who lost millions in the stock market and other investments and now have a paltry few million to live on from their previously grandiose hordes of cash

These Are the Bush Tax Breaks, Higher Gas, Higher Food Costs, Higher Medical Costs oh yes Declining Home Value.

please explain tonite to the voter. Someone has to get the message across, Rosh Hashona or not, where is Congress? There won’t be much to come back to. Which Senator is going to show his stuff? Enough political fingerpointing, just put your heads together and fix it. This is not good that we are seeing how “broke” Washington is. The rest of us, and other countries are next if no one acts.

Are my double tax free municipal bonds safe at this point?

why is cnn not talking about the 2004 hearings about fannie and freddy where republicans knew this was going to turn out bad but dems saw nothing wrong!!!

If you have a debt with a bank that goes under, what happens to the debt?

When is someone going to mention that while the Congress was doing their thing, Ben Bernanke was “injecting $630 billion from the Fed into the system. What the hell is going on?

How can we find out if our rep. voted for the rescure plan. Can you tell us if it is posted anywhere.

Lame Duck will sign ANYTHING NOW, Regulate NOW!!!!!! NO MORE De-Reaganonomics….

The Democrats and Republicans need to come together and do what is right for all the people and stop playing the blame game. They should also think, “if the people of the United States goes down – all of the politicians will go to .” It is time to solve the problem and act for the good of everyone.

My boyfriend and I are currently in college and plan on getting married when we graduate. Is this market going to make it more challenging for us to get a mortgage? Could there be a credit freeze?

I have been repairing my credit about seven months ago,i only have a car payment(430),two credit cards that are paid off.Last month applied for a loan ,what is going to happen and what should i do.I own a carpet cleaning buisness,i make 69,000,i have 10,000 in savings,my score was 539,its up to 590.Im i out of luck.

I can’t help but think that if this bill had some actual provision for the averge working person it would have passed. We are looking at billions going out and helping the rich. What about the person who is trying to make a go of it but is having difficulity? Help them see what is needed other then give those who have a lot more and watch your friend have there home reposed.

You are right – it may not be the end of the world but I don’t feel fine. I got up this morning to find out that my Wachovia stock is worthless. I am so angry that the bailout plan was not passed. What are they thinking? I guess it doesn’t matter – they have money to burn. I don’t.

Paulson is NOT Trustworthy. He is taking care of his Country Club Buddies. BUSH is FORCED to sign ANYTHING now..

We need to show congress that we are still running the United State. Those who are do not practists the Jewish holday should have to ansewer to their voters why they felt the need to take off durning the countries time of turmoil. Hold them accountable.

I’m a mother of 3 teenagers and i work at Walmart. I have very little and live paycheck to paycheck. I started 401K about 1 month ago. Do I continue this as I am 45 years old? Also what does the future look for my teenage children? What can I do for our future??

Thank You~

Mary

I guess that Tax Rebate ” Economic Stimulus Package” was just a band-aid!! 7 months down the road and we are on the brink of a recession/depression… I knew something stunk about that. Give 2000 we take 2300 back…..

I applaud the decision today of not passing the bailout package. The information supporting the bill does not add up. Frankly, does anyone understand how buying up the bad loans with the bailout package will relieve the credit crunch? Is it because now the banks have free money from the government to loan out, and they can return to the frivolous lending that got us in this mess in the first place? Won’t that result in more bad loans that will dig us deeper in the hole.

How about an alternate plan – We should let the banks fail, go through Chapter 11, and the presiding judge order them to forclose the defaulted real estate loans to recoupe money. The foreclosure sales should be at or below the current market price, not the kinds of foreclosure sales that are going on today where the banks are still not willing to take much lost. This way, the bank will get rid of the bad loans, and, at the same time, unleash an inventory of more affordable real estate into the market that will kick start the economy. I know many folks who were priced out of the housing market years ago are ready to jump in when the price is right. I’m one of them. That’s what true free market economy is all about – let the natural economic cycle heal itself. That’s my humble 2 cents.

Stop trying to scare everyone. You know it’s not going to affect the average person. It’s you stock matket palyers and investors that its hitting, and you guys deserve it, you wanted deregulation so you geiuses could make money hand over fist well you made a bad decision and now its time to pay the piper, not us, you1!

you keep talking about people that are not retiring for 10 years, what is your advice for me I had planned to retire next year and 50% of my money is in a 401k that I can’t move out without a taking a large hit???????

Question? Could someone be manipulating the market so the ones with money could buy short and sell long? Could the gov. do this? Could the nay vote do this? I am not up on this. To solve the problem?
Give every house hold an equal portion of the $700 billion dollars. This would cause spending without need for credit wouldn’t it? This would help everyone wouldn’t it? I guess i am lucky. I have no money
anywhere. I believe that anyone who steals from the taxpayer should be put in jail. Don’t you? After all, if we do not pay our taxes, we will be put in jail. Sincerely, SAM

Hey i thaught we put you democrats up thier to watch things you are in th majorty party and can pass this themselve.I thaought you were the party for the little guy not fat cats.On wall street o well i guess i was wrong again mabey my vote aginst one of you will change your mind and let you know you are not a good party now just whiners like flosie who blew the whole mess today. Now i know the democrats are just mouthie thats all.

You mentioned as one of the biggest issue is that your home is not worth what it was before this crisis because of bad credit markets, that is part of the biggest problem about the housing market. They see homes as a profit and not as a necessary part of life, you know shelter. A home should never be viewed as an investment since housing is a basic need of human existence. See the problem? It is okay to want to make a few bucks on the sale of a home but at what price? I do not have any debt and am in the military and have a savings account, an annuity and a stock portfolio. Even with all that, I still cannot afford a home because the prices are so outrageous unless I take out a loan which is more than I can afford to pay back. So how is the housing market correcting itself a bad thing? How is the credit market coming down from ridiculous highs back to the reach of normal people a bad thing? Would the government bail out privately owned businesses such as coffee shops or cafes? No, these huge corporations have money, their board members have more money than 100 average citizens will make in 20 years. Let them shoulder the monetary losses since they squandered the money in the first place.

I am a 31 year old female who is literally working on my small business loan proposal right now. Am I a fool to think I will ever get approved. I live in Detroit and am looking to borrow about $150,000. What do I do?

I am one of the few people that is not late on there mortgage and have very little debt, but I do understand that if we do not do something to fix what is happening we are going to see something we have never seen. The reality of this is, weather we want this to happen or not it needs to happen in order to move on and try to get our economy back.

Instead of playing the blame game or complaining, let’s have some suggestion on how you would fix this mess. Here is my suggestion.

The federal government is going into the mortgage business. They should offer every home owner/property owner a 30-year low mortgage at between 3-4% interest – with the condition that the loan would max out at the current balance on your existing mortgage only; no add-ons in the form of new debt consolidation or purchases. I think enough people would take advantage of this massive re-fi to spark a natural comeback. It would give private citizens a sense of ownership in the solution; lower monthly mortgage payments, and free up money to pump into the economy. It would let banks and companies survive, save jobs, and fix the economy from the bottom up.

Greetings Anderson and fellow concerned Americans,
I propose we organize a non partisan grass roots movement headed by gurus with a track record who understand how we got here and how we can get out with mimimum risk and losses. We need our best and brightest – experts like Warren Buffet, Steve Forbes, Alan Greenspan, etc. And we need them now!

Let’s corral this brilliant team for Tuesday and Wednesday and come up with an alternate proposal or an adaptation of the congressional plan that we can understand, accept and ratify. I would have more trust in their plan and proposal than what our elected officals in congress are coming up with. I’m sure other Americans feel the same way. If we can’t use these experts separately, can we bring them into the discussion and hold open, televised hearings?

Thanks and let me what I can do to help. We are all in this together.

I’m 22 and just got pre-approved for home loan. With everything going on is it still a good idea to buy a house?

I thought the Democrats had control of Congress. Why is everyone blaming the Republicans for not passing the bailout bill? Can Nancy Pelosi not lead or control her own people?? Can the Democrats not pass a bill without the Republicans?? Why bailout anyway? If I personally get too deep in debt no one bails me out. I can borrow against my assets but who ever bailed out the little guy??? Why not loan wall street money against their assets and if they ever make money the taxpayer gets his money back. It becomes a bailout only if all their assets go under. I would love to get someone to take all my bad debts and I could make a record profit the next year. How is that fair to the taxpayer to help wall street make more money while we struggle to get by?

All I here on the news is that the House members who voted against the bill are irresponsible (95 Democrats and 133 Republicans). They voted what main stream America believed in not a bailout for the rich and FAT CATS. Where are the provisions to bail out the homeowners? Convert all the adjustable home loans and high interest rate loans to affordable 30 or 40-year loans. The homeowners than can meet the mortgages, have money left over to pay credit cards and utilities and still put food on the table. The draw back will be less money for the million dollars CEO’s.

Return of FDR days 1930’s (our Country did this before). Green economy is GOOD for America, Regulate Wall St., Regulate Banks, Quit outsourcing and Borrowing from China, Raise Tariffs, Raise Wages. We must turn the page NOW in NOVEMBER from this Katrina Economy..

Why the push the vote the bail out ? many of us don’t have jobs now !and the jobs that are here are disappearing overseas! we don’t have savings now!!! and most importantly we don’t owe anyone anything my mortgage is paid every month i don,t live beyond my financial means.
I work in a fairly well paying job yet I struggle and try to save i do without,, its time for large scale goverment change on both sides of the politcal isle.
your bail out will only prolong the agony and the rich and the politicians will find the loophole as they always do. time to feel some pain so we can be motivated to make real change Americansare lazy and we won’t act until we are forced .

If anyone has money in the bank or elsewhere and you are afraid of losing it, go buy a person’s house that is being foreclosed on and you can agree on an interest rate you both would think is OK. Then you can either have a lifetime annuity, or you can sell the loan to a lender when the economy is sane again. You can save someone’s home and your lifetime savings. Power to the people!!! SAM

William the Dems took over in Jan 2007. The Republicans had control from 1994-2006, just so you are informed..

I am curious about the PMI Insurance that alot of us have had to pay over the years. PMI insurance pays off the lender in the event the borrower defaults on the mortgage. Did some of these companies recover any of the Insurance money? Shouldn’t this have helped the losses.

How can our representatives leave for 2 days when they have an emergency going on? These people obviously have never worked in a corporate environment where when an emergency happens all the people involved stay engaged and resolve the problem no matter how long it takes. We should make sure and vote against these individuals if they are running in November. Robyn – Frisco, Tx

For a bedtime story Phil Gramm John McCain’s Campaign Manager remember the guy who saig that we we’re “whiners” recently regarding the economy. He is also known for being Deregulator Phil. We are now feeling the FALLOUT from that Legislation..

If the politicians are so concerned over this bailout plan ; why not put it to “mainstreet” economics? A tax law change that would allow individuals tax releif from withdrawls on the dwindling assets of their 401K and pension plans contingent on reinvestment of the withdrawl into the housing market. This would allow the common folk to reinvest this long term money into the sector that actually is the cause of the problem and to buy up the bab dept that the finance market is dealing with. Any sale of the asset prior to retirement age would obviously be taxed including the basis for the purchase of this investment property. AC; An opportunity for proposal and discussion….is this such a bad idea?

Let’s be candid here. Of course the market would fall after the bill failed. Has anyone seen any brokerage commercials lately? If we would just shut up and let the market settle, the private sector will correct it with the largest ownership shift in market history. These assets / liabilities will be picked up. If a failing corporation is left to die, there is probably a good reason. The corporations which show fiscal responsibility will come out of this stronger than ever and everyone will gain. If you cannot win the election, destroy the economy under the opponents congressional political reign. Enough of the political scare spin.

As a long time loan officer i’m wondering why the FHA Secured Mortgage expires 12/31/2008 and we have probably over a billion plus more in additional bad debt with adjustable rate arms coming due in 2009 (3 months) and what percentage of those are already or will be in foreclosure because people are already upside down on their mortgage!
Has the bailout addressed this issue and have these additional bad mortgage assets been inlcuded in the 700 billion?
Why don’t they caclulate what 700 billion per american ia and give that amount to every household…..give it directly to “MAIN ST”. The people who have low credit scores, bad debt, over spend, low income will spend it……………the rest of us will invest it. It’s a win win situation without padding pockets of our already wealthy corrupt CEO’s who got a slap on the hand and aren’t in jaiil!!!

Couple of economists on CNN Sunday night said bailout was a bad deal.. where did it safeguard the upside down homeowner or the credit card debtor?

the depressed credit market is more due to gas prices and risinhg unemployment than interbank non-liquidity

maybe in the people–as Jefferson noted–there is indeed a reservoir of true wisdom

This is for those who don’t think this bailout bill will effect them. Car dealerships have been turning away people with credit rating of 700 because they can’t find banks to finance the cars. But I shouldn’t be worried about that. Let people drive their old cars. Except my son sells cars and works strictly on commission. I can help out; what’s a Mother for? Then again, I’m retired, on a pension that’s an annuity. In other words, it’s based on the stock market. Well, my son can always sell his townhome and move back home. But wait, he won’t be able to sell his town home. This effects all of us. It’s not just buying cars or getting mortgages, jobs are at stake.. Stop calling this a bailout bill and start calling this an investment plan.

Bravo to those that voted no. The American Citizen has been misused and abused long enough by corporate America’s Greed. Our Politicians have not only allowed this abuse but supported it by passing laws that frankly favor corporations and misuse the citizens trust . Maybe it is time to tear down the walls and start anew. The corporations gambled based on greed and they lost. Give them the boot The taxpayers don’t deserve to foot the bill to finance a bailout of corporate.
If our politicians allow this bailout then they need to be replaced with ones that are pro-American taxpayer !!!!!!! Lets bailout our citizens and increase the corporate taxes to pay for it.
After the comment made by pafloosy (D) there is little doubt that there are no signs of life in that skull.

It’s unbelievable that members of Congress don’t understand the basics of the market. If chicken little says the sky is falling, the sky falls…if you don’t see where I’m going with this, we have no chance of saving the financial markets from total collapse.

it doesn’t matter what the plan is as long as everyone says, “yes”!! i f everyone or the majority says no even the best plan will cause the markets to fall. It’s all perception and those that have a forum dictate what happens, regardless of what the truth is.

we as a “people” have to come to a consensus. Good, bad or indifferent, it doesn’t matter. Panic and indecisiveness will send the markets and our lives into a tail spin not seen since the Great Depression. We need to decide and we need to do it today!

Peter Israel

I just read an amusing article trying to makeover the bailout as an governemnt sponsored investment of cheap undervalued assets. The reality is that the majority and perhaps vast majority of what the treasury proposes to purchase is toxic waste that no investor who has a whiff of intelligence is buying now or will ever buy. I can see the logic of the S&L bailout and the Freddie Mae/Mac bailouts along those lines, but I would still be very wary of buying those. The reason is very simple and that is the value of a home. It was very stable adjusted for inflation for 100 years. Then there was the housing bubble. The housing bubble sure did much to make the junk S&L mortages worth selling again, but it wasn’t real. To make these mortages worth anything we would need a second housing bubble to artifically inflate the real house value again. When do you think that will happen again. You would do well to think that it may never happen again in our lifetimes. The bad news is that housing values still have a long way to fall before reaching pre-bubble values and this bailout will have accomplished zippo 6 months or less from now. Well I should not say nothing, since it will have blown nearly a trillion taxpayer dollars to keep firms floating a while longer so that investors smart enough to cash out now will have more time to salvage what is left of their gains from when the bubble was inflating. And those “hard to assess”mortage backed derivatives? Toxic Waste is as good as comarison as any for those.
To those whining about losing their retirements or savings tied up in the market in this way, I can only say, if you needed the money for the short run it should not have in the market. If you invested in the market you gained to get where you are because of the bubble just as you lose to it now. This is what is called risk and is the reality of any marketplace. If you are able to leave the funds in the market, you will likely be better off than before this mess within 5 years but not less than 2 years. The biggest losers are going to be those who cash out within the next year or so and those who cashed in at height of the bubble.

What does this do for the average person’s credit score?

No one likes or wants to help out big business fix their mismanagement, incompetence, and irresponsibility in America’s largest financial institutions. Moreover, this is perfect example of Bush Administration’s corporate greed mongering, tying the regulators down and not enforcing oversight. I was a federal regulator, and my duty was to America, because Presidents come and go. For the last 8 years, the Bush administration has been about the illusion of reality and not reality itself. The administration didn’t do it’s job right or with enough aggressiveness, and now the curtain has been pulled back and Bush can’t hide reality.

In addition, it is more irresponsible not to pass some stop gap measure to shore-up Wall street, but it must have teeth, BIG TEETH. Corporate CEOs profit not one red cent from this, they suffer right along with the rest of us, if not more so. Any bail out must have over sight, Main-street does not trust YOU (White House and Congress) any longer. You have to earn our trust. Congressman’s Udall and Pearce in New Mexico voted not to pass this. It was not perfect but it could have been amended later if needed.

Congress has messed with peoples lives and retirements, and future. It’s obvious that you are no longer qualified to represent Main-street. Don’t waste time on political excuses, we don’t hear you anymore. We will have new blood in Congress this election.

Great! Because of the political selfishness and irresponsibleness from Congress, as well as the greediness of Wallstreet, my kids’ future is in jeopardy. Their college fund have been affected by todays’ breakdown as well as our retirement. I’d like to find-out who the “nin con poops” who voted against the bailout, as well as tell Pelosi to keep her mouth shut.

We cannot afford to just sit and wait for congress to decide to vote. I’m not for the bailout but I don’t want to lose what ’s left in my reitrement account which is dwindling by the minute.

RenoAndy why aren’t you in Washington right now. You are right on.

It annoys me that every political commentator suggests that we all agree that something needs to be done. I don’t agree. How would ‘no bailout’ change the lives of everyone else? The little guy will find that he can no longer borrow against his 5K credit card when he has 3K already on it (gee, that’s a shame – no more extracting 2K of bad debt) People that can’t afford homes won’t be able to buy one. People with $ in the markets will lose $, but that’s not me, or most people – I have a small 401K linked to the markets and yes, that is going to lose $, but I’m too busy living from paycheck to paycheck to put $ away anyhow – I suspect that’s true for most of us. When all of the creditors that are going to have to go bankrupt do go bankrupt a huge vacumm will be filled by savvy investors that are not stupid enough to lend $ to people that cannot afford to pay it back. The markets will settle down because new regulations will be imposed – there won’t be anyway to live without them. Sounds like a buying opportunity to me.

The sky isn’t falling Henny Penny. Sorry, but I don’t believe that no bail out means a Mad Max world.

What if you had 2 year arm on your mortgage and the arm is up
within the next month. What do you do now? Will you lose your house?

My wife and i invested 300k in the market, 230k is in mutual funds and 47 in maney market the rest in stocks.

Myt stocks took a huge hit, the mutual funds same thing. Should i liquidate all my mutual funds while i still have time and take a 60k loss. Whit this money i could pay off my house and just leave my stocks to see what happens. Im very nervous i just had a baby and i am a contractor. My work has not been steady and i really need some advice. My broker is no help, he is depresed and i think he is in a rough spot too.

What I don’t understand is why are we relying on congress to come up with a plan? Why are we not putting a working group together with the smartist people in this nation, our professors who teach economics at Yale, Harvard, and other universities and others who understand this problem. When the Iraq war was going south we didn’t put the economist in a room and say “come up with a plan on the Iraq war”. We need the smart people making this decision so that this does not happen again in the future. Lets not make a quick fix, lets look at this in the long run.

My husband has a 401k plan that is administered by his company. It is over 250,000. I’m told that any amount over that number is not insured by the FDIC. Is it legal or possible to move the excess into some other kind of account without paying a huge penalty?

I am 67, my husband is 73, both retired, and living on our Social Security and interest on investments. Should we take money out of the stock market to pay off 1 or more of our 3 mortgages?

After all this he said they said and pointing fingers, I just hope the American people see how congress is handling this situation and come election time we vote them all out, we need to just clean house and get rid of the people that have been there for 15, 20, 30 years. Its time for a fresh start and fresh faces. Its time for change and its time for the American people to take back this nation.

At what point will the govt realize…..and people like Suze Orman…that many, many of us have already had to dip into our 401Ks, that we can’t afford to buy stocks…..Not because we live on credit or beyond our means, but we just can’t afford it. The average AMERICAN does not have a huge savings account, or retirement account, that we have been living pay check to pay check for quite some time…we get paid less and all living expenses have increased………that is why we just don’t care about bailing out Wallstreet… The govt, uses fear to get all of us to think this is so necessary, but I do not believe it and I do not think that many of the analyst get the average american!

Anderson,

How can we move the Congress to work together. Our country is at a lost if not one of these elected “leaders” cannot work together. The media and your team need to raise holy H.

Go to the representatives neighborhoods and start asking the voters how they think their Congressman did today. Vote him/her in or out at next election.

Someone needs to take the bull by the horns and move these people.
We are subject to a great breakdown not only in our economic survival but of our country foundation. If our own elected leaders can’t do the job, who will?

The Congreess and the President and all other officials need to get the job done NOW. If they worked for private enterprise, they would be fired if they couldn’t make such an important deadline.

We should remember each and every one of these elected officials at the time of their re run for the office they have sorely and unforgiveably neglected their duty to their constitutents.

David Green is correct that the non Jewish folks need to come back and keep working on ideas and edits of the proposed bill for relief.

As most of us look at the inaction of our Goverment we have to wonder who really looks after the peoples interests, Our so called elected oficials that we voted for? Seems not only is the Banking system out of touch but our GOVERMENT also. We are hurting on so called Main Street. Maybe its time for for the people, We main streeters should just revolt! Yes REVOLT! We should go to the streets and scream LOUD and clear, Shut down your Business and going to work, Walk the street to your Goverment and so NO we are not going to stand for this anymore. if the Economy is tanked, lets tank the GOVERMENT….What do we have to lose anymore.Maybe we should lose those that are not in touch anymore which is our Goverment!

Isn’t this the fuzzy math that Governor Bush accused Al Gore during the 2000 election???? Yes it is fuzzy math….

Yes, this is dire…we all lost in our 401 K’s etc, but if a deal for bailout is passed in Congress at the end of the week, can’t the market go up again, correcting these losses? I don’t understand that the loss in my retirement account is permanent.

The way I look at all this is that those who voted for passage of this horrible bill support big business. Why does our government continue to support the “HAVES” and doesn’t do the same for the “HAVE NOTS?” George Bush and Hank Paulsen have lost any semblance of supporting the average citizen and only want to see their investments protected and grow. I suspect something will eventually be passed and our tax dollars will go to prop up Wall Street. Still there are plenty of “experts” even within CNN who are yelling “foul” simply because their own investments are taking a dump. The clowns of Wall Street caused this mess, so let them suffer like the rest of the average folks do on a daily basis.

when the hell did the stock market fall? i done some thinkin’ that the government should give everyone $500,000, that way we can pay off loans, and car payments and other poop like that. why can’t everything just be free!? politicians are trash, just like suze orman! i think my i.q. is just about as high as my shoe size, don’t know if i can say that for the rest of you idiots that posted comments!? if you think you have a good idea keep it to yourself, cause more often than not its going to be trash.

They say banks are not loaning money for houses, cars etc. Why not?

8 years of Republican Leadership = 2 wars and 1.2 Trillion Dollars loss. Let’s vote them all out of office on November 3.

I can’t believe that 12 Republicans would do this to the country just because they were offended by a speech? Give us all a break.

And here’s the kicker – both parties have the audacity to go on holiday tomorrow in the middle of this crisis!!!!

Why do the majority of economists disagree with what CNN and the rest of the main stream media are reporting? More than likely it’s a combination of politic, fear, and a misunderstanding of the problem.

Infusing cash into the financial system (particularly, into housing markets) in an attempt to maintain housing prices and home building is not the right move. Let the markets adjust themselves to their true value — the fall will be brief and the value of the dollar restored. Painful, but brief..

The problem with any sort of bail-out plan is that it does not address the true issue — bad monetary policy. In a world economy based on the dollar, the fed’s generation of credit from thin air over the last century has led to economies powered by excessive debt, all based heavily on ownership of US treasury notes. Couple that with illegal government-backed insurance giants and the fed’s refusal to tighten up interest rates and you end up in the exact situation we find ourselves in.

How does ANY member of Congress walk upright without a spine? I am so sick of all this blame. Do they think we are that stupid, or better yet is it all about them? Oh and by the way are all members of
Congress Jewish? 2 days off, why because the spoiled brats had to work a Saturday and Sunday.

I am so angry at the way all of us Americans are being treated by our politicians. They obviously think that it is more important to take a two day break than to try to bring some stability to our countries economic crisis. They watched the stockmarket lose record points and they went home. Was the “Buy-in plan” the best that they could do? Probably not. But, it’s better than what we have now. NOTHING!! Shame on the 12 politicians for voting because their feelings were hurt. How about the feelings of all of the Americans who lost their retirement. Shame on greedy wallstreet. Shame on the leadership of our country for turning their backs on us by not doing their job!!!

You have got to be kidding me! These guys went home? We definitely need change, starting with the politicians who don’t love there country enough to work on there day off.

Anderson , today I wish I were an American so I could show my disgust with the Washington establishment . In particular the Republican party that is more concerned with getting re-elected , rather than trying to save the economy . I see this as the death nail in the Repulican’s coffin . MaCain better book a ticket back to Arizona as the GOP just shot his foot off .

I have been there and done that. I grew up during the great depression. Hoover promised us a chicken in every pot and two cars in every garage. Sorry I never saw a chicken—just beans and more beans. It is a hard old row to hack. Ida at the top of Texas

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!

Is nobody awake at the media level. Why not just have the SEC Chairman suspend the Mark to Market process, and bring money back into the market. I cannot believe that David Gergan, Roland Martin, and S. Orman can be so wrapped up in markets that common sense does not exist.
We The People understand a bilout plan that is flawed and does not address the real issue at hand. Maybe the Media and others have too much money tied to this market and common sense doesn’t prevail. Report the facts as they are with genuine common sense and listen to the People Of America.
Stop CEO’s and monied priveledge persons holding America hostage for a paycheck. I Love America Where I Live…

Anderson,
Why not also report the Goldman Sachs issue of AIG bailout. Goldman Sachs was invested heavily in AIG. Why do we keep bailing out management that fails to manage properly. I would bet 12 months from now the current CEO Sachs will get a bonus.

What is with all the “scare-mongering” headlines out there especially on cnn.com? What happened to the post about Bancruptcy being the answer featuring the Economist from Harvard who was 1 of 50 notable Economists who sent a letter to Congress stating that Bancruptcy may actually be a better solution than injecting more money into a failing system? That article was online for like 5 minutes before it got replaced by another “fear-mongering” headline.

If the housing market meltdown is caused by greed and irresposible grants of loans … I suggest the lenders/banks say sorry (not literally) to homeowners by giving them a better deal of loans. How about a 30-year mortgage with no interest for the first 5-10 years and a fixed rate of 3% – 5% for the rest of the loan. People are leaving their homes because they think it’s not worth paying the mortgage as they owe more than the value of the home (that’s one reason). The point is, rather than homes being foreclosed, at least the banks are getting their money back.

Hey if we’re the ones bailing some bank dudes that have screwed us all of our lives.

We’re doing it at 12% interest at least.

I prefer 28.9%.

Line our pockets from your mistakes.

I am a 22 year old college student, completely indifferent.
I would like too know in the next 20 years if the 700 billion dollar bail out were to be approved what would this mean for my future.
My Retirement, my chance to be an American that can make my way in the future and support my family. Everything is so messed up right now somebody should be too blame and if corporate executives get compensation like those of “AIG” did that is complete bull, when the majority of America is living dollar too dollar.

-Sincerely GREG COOKE

I’m glad the House didn’t support this. People like Ali Velshi keep telling us how much the American people don’t understand, but we do.
This is government out of control. Sure, the credit markets are the bottle necked, but the banks and Wall Street created this.
American people have been asking for leadership and they can’t get it.
We will have to suffer thru this until government understands that this country ids for the people and by the people, not by the credit market.

Good Morning, for the past 2 months I have watched CNN non stop
I get home from work at about 5:20 a and my television rarely leaves this channel. Having never been one to watch the news and not become depressed I rarely watched it and when I did, it was out of one eye. I can truely say your show is somehow refreshing with so much information that a smile is sure to come. I feel so much like family that I am asking for the red coffee mug that they have in the morning. yours truely

After reading all the comments above I am glad we do not have any Guillotines about.

Afterall, we may all need a piece of cake soon.

Can the public go to the opening bell while visiting NYC?

I am totally shocked that while our country is in such a state of financial demise that Washington would allow the powers(?) that can possibly correct this situation take a Holiday !!

If this were just an ordinary situation I totally understand BUT this is far from ordinary.

Republicans blames everyone else, but themselves! It was under the Republican Administration that caused this country to be practically bankrupted for supporting a over budget war, and also allowing giant Bank Executives and Cooperations to run things as they please. This country’s market just didn’t all of a sudden crash since the Dems took over congress, this thing started years ago and is now crawling from under the Rep. rug. We can’t have 8 more years of this nonsense.

Anderson,
I keep doing the math and have a hard time with the results? 700 bil $ divided by 300mil people equal 2.3 mil$ per man woman and child in the USA??? Who really is in debt???
John

Why are why talking about businesses needing to borrow money to make payroll? If a business is struggling to make payroll, then they should reduce their overhead. Look, we are in recession which means their will be unemployement. It’s unavoidable!. Loaning more money to failing businesses will only prolong the inevitable and will make the fall that much harder.

Congress—Listen Up! If you think for one minute, bailing out the hedge funds, investment brokers and security traders who did this, is going to be a win for this country, you are severely wrong!

Your “Revised” bill didn’t really address Executive Compensation like you promised the American public. Your “Revised” bill did not address the Accountability standards, we need in this crisis, and it did not put any responsibility at all on the criminals that have committed this crime of the century.

This bill should never pass! Why should we help pay down these Hedge Funds gambling ways and then give them the cash to buy into a cheap US Market, after their bad balances have been wiped clean by the US Taxpayer? We would not buying bad mortgage debt people, we would be buying someone’s gambling debt under this current proposed bill!

NO WAY!

This is what gets me, the votes were in and time was up then more time to vote. Now, they are going to go back and try to settle on another
way to spend money we don’t have to rescue the bank. A $700 billion bailout would have put us in a worse credit crunch. The stocks are going back up today. Another thing, houses that are worth 80,000 go for 300 to 400 thousand dollars in some areas and people buy them.

I think it was appropriate that the “bailout” bill failed. While Congress touted its limits on executive pay, I read that part of the bill. There is virtually no limit on executive pay. The pay limitation only applies to executives hired during the time the Government owns mortgages of a given bank. So, an executive could ask for help, then resign before mortgages are bought, then still collect bonuses, golden parachutes and exorbitant salaries. This isn’t protection of the taxpayer. This section is loaded with protections for executives.

There is little to nothing offered in the bill for people in mortgage trouble that curren tly isn’t available already. This is for Wall Stree, not the taxpayer.