Have you been living under a rock?

This is not a matter of pity, this is not a matter of emotion. It has never been nor should it ever be. This is a matter of making sensible decisions to leave as little negative impact on the economy and the people as possible.

Here I agree with you wholeheartedly. Democracy is for trivial matters, but it's not what makes US tick.

 

Really? Then why was this NOT stated at the consideration of the bailout bill when it was introduced and passed? Why is it that Congress now has to accuse Paulson of bait and switch? I am certain that all the leading financial experts know what is better for the economy, and if buying bank equity instead of toxic assets is the better way, it would have been explained right away. It wasn't.

Buying up toxic mortgages would back up the derivative market with assets instead of defaults. The mortgage defaults is what caused the problem, so if that is reduced or alleviated, it should reduce the negative effects on the economy.

 

I doubt the airlines have 3 million jobs at stake. I also doubt that they depend on suppliers as much as Detroit.

In the days where a depression is on the brink, you don't want big corporations declaring bankruptcies.

 

you also failed to mention that Detroit is not seeking a bailout. It's seeking a loan. It's the f-ing media that throws that word in every time the news hit about the $25 billion loan. They don't even use the word loan.

Bailout does not equal loan. Bailout is taking money out of taxpayers.

 

When congress has only days to pass the controversial bailout bill, under the threat that economy will collapse, panic will ensue, and martial law will have to be declared, that is not jumping through all the hoops. That's strong-arming the congress to pass the bill.

Sometimes I wonder if financial industry sympathizers on this site only watch Fox news and CNN.

What will happen to consumer confidence when Detroit goes under? It's not just the confidence that's at steak, we're talking about hundreds of thousands of jobs. At that point it's not just the spending willingness, it's the actual reduction in spending ability that goes down the drain.

 

When you operate a large financial institution.

 

When you make large political contributions-

Thought I would clear that up for you-

 

I mentioned it in an earlier post.

 

Why doesn't the government make one of the banks it is loaning asstons of money to make a loan to GM?

 

Well, I don't know if there is anyone here who can answer that question. But one of the issues is that the gov't does not exercise control over the bailout money. It seems like the treasury secretary is in charge, and he said, essentially, that there was no way any of the bailout money would go to the automakers.

 

it's because Citi and the rest of the financials matter alot more than the big three. Citi is tied to our economy and the global economy. It's not a double standard it's the government dealing with what needs attention now.

The Big three limping up for money (loan = bailout, it's the same) is not expected nor welcome. It's not a endless stack of cash. So you can't give money to everyone who comes asking.

The big three have a credit score of zero. Giving to citi is an investment, giving to the Big three potentially a huge waste. So of course the Big three has harder questions, more demands, etc.

 

BINGO...you win!!