Comments on: CBO: Bailout Could Make Economy Worse

By: richard d L'Amore

richard d L'Amore — Tue, 30 Sep 2008 14:56:48 +0000

I say let the chips fall where they may. As always those at the top, investors, and those legeslators pushig for this will benifit. If credit dries up a little , perhaps we need to tighten our belts to what we can afford.Thats how our parents made America great…

By: Sean D. Martin

Sean D. Martin — Thu, 25 Sep 2008 17:28:58 +0000

the bailout could expose the way companies are stowing toxic assets on their books, leading to greater problems.

Yeah, that would probably send some ripples through the marketplace which would be, no doubt, uncomfortable to bear. But is anyone else bothered by the underlying attitude that it’s ok, nay, essential, to lie and cover up?

You discover someone is doing something illegal. Should your reaction be “This has to be stopped.” or “This has to be covered up so it can be allowed to continue.”?

By: LiveFreeOrDie08

LiveFreeOrDie08 — Thu, 25 Sep 2008 05:23:06 +0000

As of today I agree completely with that assessment.

Looking at the subsance of this bailout I see more elephants in the room than there were at the “Hookers & Blow” party in St. Paul.

Why the amount?
Why NOW NOW NOW?
Why are there no summit meetings of the industry leaders wherein someone says “The US Taxpayer will MATCH whatever you guys put into an escrow fund”

…and the most popular pachyderm…what was the deal with section 8? SOMEBODY wrote that, right? It’s about as anti-oversight as you can get, yet yesterday Paulson’s backpedaling faster than Lance Armstrong facing a marriage proposal. Why was it foreseen to be necessary?

Let’s sleep on this whole thing, like, say…until Nov 5th.

By: jr

jr — Thu, 25 Sep 2008 03:12:44 +0000

Jim Cramer and Ali Velshi want to be friends with benefits with Paulson

By: Rex Hammock

Rex Hammock — Thu, 25 Sep 2008 01:14:47 +0000

As economists tend to do, the CBO director played both sides and also said, “If there’s no package whatsoever, there is a very substantial risk of utter financial market chaos.” ( http://www.reuters.com/article/bondsNews/idUSWBT00980520080924 ) A classic damned if we do, damned if we don’t.