Friday, April 04, 2008

bear stearns rescue

rappers

30-billion to bankersx and investors

Not too many people sympathize with the financiers whyo say Bear Stearns needed help to keep our financial system afloat.  Most of you, that’s more than 90 percent, say the bail-out of the giant investment bank was wrong.  Here are your opinions.

Let’s see.. hhmmmm $30,000,000,000 divided “buy” 300,000,000 American people comes to...hmmm,more people better able to bail themselves out of debt.
or better yet divide it between everyone whose lost a home or has credit card debt or pays high fuel, food, rent or utilities bills.
Redwolf

No way should the government bail these institutions out.
Alfred s

There should only be assistance of private institutions when there is a danger of one failure snowballing into collapse of an industry ,or where the unemployment that would ensue would be of great cost to the general population. In our state the potential closure of community hospitals due to heavy financial burden is an example where public assistance would certainly be well spent.
Russell L

Big investment houses that were exempt from federal regulation will use Policy makers and Judges that have interest and stock in keeping the casino going in favor of the house to cover up the fact that they have utterly failed to fulfill their fiduciary duties, inflicting long-term harm on the working class.
These financial wizards did not lose their shirts on the sub-prime mortgage disaster, they got out while it was good and Stuck the loss to their fellow wo/man.
These officers and directors allowed the imprudent investment despite the fact that they clearly knew or should have known that such investment was imprudent.
Will you let me take your money and loan it to a crackhead and let me take my cut and let you deal with getting your money back ?
Zuke

It’s not the institutions that need the bailout, it’s the people, such as my family that got caught up in the subprime and predatory lending schemes that need the help.  We’re the ones losing our homes, livelihoods and families because of it.  Give the people the money
Sue T, Lakeland, FL

I do not think we should be bailing these companies out!  If I make bad investments, who bails me out??  No one, and no one should.....my fault, my loss.  I am tired of hearing of people being bailed out for being GREEDY!!  Elaine, Glocester

If I owed that much money to people, would my government bail me out?
No because, I am not a special interest group and I can donate to their campaign fund.
Leo S, West Warwick

Most definitely NOT ! We should not bail out Bear Stearns. If it were you or I looking for a bail out from a financial blunder there would be no government assistance. I don’t want any of my tax dollars spent trying to help save a company that was out to take advantage of people who were stuck in a sub prime mortgage “Black Hole”.  Thirty billion dollars is a lot of money and it could go a long way toward helping people who are truly needy. This craziness of giving our tax dollars away to “Pork Barrel” projects or foreign assistance or financial bail out’s must stop. If the politicians in Washington feel so bad for Bear Stearns then I think they should all donate all their personal assets and their salaries, to help bail out Bear Stearns. As for me...I would rather sit back and watch a company like Bear Stearns drown and if they were to ask me for help....I’d throw them a ROCK.
Fred G, Shannock

This government, state or federal has no connection to its constituency. We are played as cash cows (taxes) to finance idiotic policies. Examples of genius planning--consumer/service economy (manufacture nothing ,just consume) sub-prime mortgages (bad credit, cannot handle daily expenses, maybe a mortgage will help!!) “gambling” to balance state budget (a dependable income , you can BET on it). What we need is a new political base, not lawyers and union officials but someone with financial or accounting backgrounds. The Bear Sterns etc. celebrated huge profits for years in the housing bubble my feelings now -the free ride is over- I didn’t get any of their profits and they shouldn’t get any of my money (taxes).
Risk equals Return. 
B.Mac, Cumberland

It’s a catch 22 situation. If you over-regulate banks etc. they won’t do much business. But if you let them do whatever they want to do, it brings on shady practices. However, once the horse is out of the barn, it’s too late to regulate. Now you have to restore confidence in the system. The only way is a bail-out to stop the bleeding. Then repair the system.
the bank stank

Of course we should, we wouldn’t want to decrease their opportunity to SCREW US.  OUCH, I forgot that I had my tongue in my cheek and I bit it; actually I should have bitten it before I said that we should bail them out.  LET THE S.O.B.s SINK AND THEN THROW THEM A BOULDER !!!  A REALLY BIG ONE !!!!!!!!!!!!!!!!!!!!!!!!
Joe T East Providence

By all means, let us the tax payer take it in the posterior one more time.  Singularly, we’re just poor, dumb smucks!  Together we’re a mass of boobs with a seemingly bottomless wallet.  After we bail out Bear Stearns, let’s identify some other deserving Wall Street Fat Cat institution and hand out an early Christmas bonus.  Hey, where can I sign up for this dole?
Robert c

Must be nice to have a deep pocketed parachute packing admirer who can bail out the bigshot risk takers.  You can call it the government but it really is US paying for the parachute!  Maybe we SHOULD have privatized the SSA and all retirement funds letting the investments in Stearns issue the coup de grace’ to those who REALLY NEED a parachute.  The best is yet to come...er...or I mean the worst.  Our house of cards is tilting and class wars are on the horizon.
Leave me alone daddy government!  Let me be free!  Oh Oh I’m in trouble!  DADDY!  DADDY!  COME QUICK!!! No! No! I don’t want advice or regulation.  Just refill my toy box and GO AWAY AGAIN DADDY!!  I’ll call you if I need you!  GO clean up football like that nice Spector guy does....we got this handled....... right........ after you bail us out!
You can always invest in the military complex.  You may need it. Hey I have another investment idea.... Halliburton! Can you invest in a company recently moved to the Arab Emirates?
Dave, Harmony

I don’t normally answer a question with a question but here goes. Who will bail us out when we go bankrupt? The” Genius” should have the answer without taxpayer help. Let them sink.
Lee L. Woonsocket.
No. No. No.
I’m sick of taxpayers having to bail out incredibly stupid people. Those financials morons were greedy enough to lend money to anyone, with no regard for anyone’s ability to pay it back, so they could pocket millions of dollars in commissions and fees. They deserve to lose their shirts. Furthermore, they should all be fined heavily.

Dee
Johnston