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Why Bailouts Are Not the Answer

Bail outs should never have been started. These financial institutions and soon the auto industry will be "slaves" to the federal government and our government to foreign governments who hold the notes on these loans.

Our Congress can't run itself and now is going to put stipulations on all those who begged for this money . If this isn't a leap to Socialism, then what is.

The best thing thosse that took the money can do is get their house in order and pay it back to get the feds off their back and hopefully have learned how to run a business.

You hear on the news that most of us are against these bail outs. If it is true then we should see it in the results of the next couple of elections when the majority of the Democracts will be retired.

Apparently Bernanke and Paulson failed to give markets much reason for optimism, in what turns out to be a dreary first trading day of December. Dow -7.71% to 8,148.37. S&P -8.93% to 816.20. Nasdaq -8.95% to 1,398.07.

These comments by Paulson and Bernenke seem to be by design. All they are doing is signaling to their buddies in the financial arena, with their billions of $$ and our tax money, to start "shorting" the stock. It never seems to fail that they start this after a good run up on the market, just to bring it back down.

If they feel they need to open their mouths, choose the words carefully and do it after the markets close.

Bail Out Capitalism, Not Detroit

You are correct. These bail outs sends the wrong message which is if you're big enough, we won't let you die and no other need apply to take their place which will eventually put us as a third rate power.

The car makers need to make it on their own, if they can't someone will replace them.

Same with the financials. What is disturbing now is everyone wants to buy a bank to qualify for the money and another angle coming is after they get the money and decide to put themselves up for sale, the 25 billion or so will go with the sale which also could be a company in another country.

If a institution takes the bail out money, then puts itself on the "for sale" list the bail out money should go back to the treasury, whether it is a domestic or foreign company that buys them.

Anyone that can buy out a Citi Bank, Wachovia, etc. shouldn't need any federal dollars. Any that can afford to buy a bank to qualify for the bail out money shouldn't need or get it either.

Freddie Mac First to the Trough

You can thank Rep. Barney Frank for almost single handedly in bankrupting Fanny and Freddie by pushing high risk loans to people who wouldn't normally quailify for a mortage. Now we're suppose ot expect him, Reid and Pelosi to straighten the mess out. What a joke.

Congress needs to get off of the seniority system in giving out committee and leadership assignments and award these positions to people that know what they're doing.

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

The U.S. auto industry dug its own grave. Management had no vision for the future and spent money on excesses all the while they were loosing money. The unions did likewise. They got greedy and wanted more and more for doing less per worker.

No company, auto or otherwise should be handed money without certain stipulations as the CEO, CFO and executive board as well as the BOA should be replaced or why have the same people that created the problem get another chance to do the same. Union contracts should be amended for the survival of the corporation as without it there won't be any jobs anyway.

Number of U.S. Homes With Negative Equity Is Stunning

All this run for the bail out money is getting out of hand. Some are changing their business charter to qualify wether they need the money or not. The Democrats now seem to be willing to throw the money at anyone that wants it. The same people that created the problem are getting the funds with no greater intelect to use it.

The Feds need to make stipulations that any corporation or financial institution receiving the funds first replaces their CEO's, CFO's , top execs and Board of Directors that created the mess.

As for selling mortgage accounts from one bank or institution to another laws need to be in place that they are sold "in whole" and not broken up into fractions going to multiple buyers.