Comments on: The opening bell didnt ring today... a bad sign http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/ Tue, 22 Dec 2009 04:00:12 +0000 http://wordpress.com/ hourly 1 By: Dan Conner http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-4/#comment-352644 Dan Conner Tue, 30 Sep 2008 14:49:29 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352644 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. 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.

]]> By: Tina http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-4/#comment-352613 Tina Tue, 30 Sep 2008 14:17:37 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352613 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. 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.

]]> By: Mary http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-4/#comment-352563 Mary Tue, 30 Sep 2008 13:46:28 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352563 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! 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!

]]> By: William http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-4/#comment-352562 William Tue, 30 Sep 2008 13:45:45 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352562 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. 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.

]]> By: John Slone http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352544 John Slone Tue, 30 Sep 2008 13:36:27 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352544 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 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

]]> By: Tony http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352522 Tony Tue, 30 Sep 2008 13:21:11 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352522 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. 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.

]]> By: Nancy McCallister http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352447 Nancy McCallister Tue, 30 Sep 2008 12:32:11 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352447 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. 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.

]]> By: susan cooney http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352443 susan cooney Tue, 30 Sep 2008 12:25:16 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352443 Can the public go to the opening bell while visiting NYC? Can the public go to the opening bell while visiting NYC?

]]> By: Michael Farkas http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352431 Michael Farkas Tue, 30 Sep 2008 12:02:43 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352431 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. 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.

]]> By: Alfreda Parker http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352413 Alfreda Parker Tue, 30 Sep 2008 11:23:45 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352413 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 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

]]> By: Dave http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352390 Dave Tue, 30 Sep 2008 09:26:20 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352390 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. 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.

]]> By: Greg Cooke http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352389 Greg Cooke Tue, 30 Sep 2008 09:18:57 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352389 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 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

]]> By: Francis Grey http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352380 Francis Grey Tue, 30 Sep 2008 08:11:36 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352380 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. 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.

]]> By: Mario California http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352365 Mario California Tue, 30 Sep 2008 07:36:22 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352365 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. 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.

]]> By: Jonathan http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352350 Jonathan Tue, 30 Sep 2008 07:01:20 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352350 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. 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.

]]> By: John http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352348 John Tue, 30 Sep 2008 06:57:47 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352348 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. 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.

]]> By: John http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352345 John Tue, 30 Sep 2008 06:51:07 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352345 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... 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...

]]> By: Tiffany http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352339 Tiffany Tue, 30 Sep 2008 06:46:06 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352339 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: Peter Collins http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352318 Peter Collins Tue, 30 Sep 2008 06:20:41 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352318 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 . 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 .

]]> By: Ida M. Lancaster http://ac360.blogs.cnn.com/2008/09/29/the-opening-bell-didnt-ring-today-a-sign-of-things-to-come/comment-page-3/#comment-352319 Ida M. Lancaster Tue, 30 Sep 2008 06:20:41 +0000 http://cnnac360.wordpress.com/?p=10943#comment-352319 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 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

]]>