Companies start competing for bailout money

I think Both parties in congress had a big hand in the bailout, but as usual we are Divided by parties (dems & repubs) so we are Falling. The only way we can accomplish anything is to Unite as American people and tell them all what we want done...... and Now

My wife and

My wife and I own a plant nursery.You can guess what kind of shap we are in.When money is tight we are the first to suffer. Our business is bairly holding on as are others in our industry. Bailing out the banks is not going to solve the problem. The small consumer has to have money to spend to fix the economy. My idea is to take that bailout money and give a debt credit to middle class America to pay off some of their debt. This way the banks will get money .The little guy will be relived of some of his debt and the system will start working again. What good does it do to get the credit markets working again if the consumer can't afford to borrow.

I

Bush already brought back a brigade for civil unrest and thats 5000 guns and people to use them.

This is double dipping when the Insurance companies need money and be paid from we who have to use them.

I say let them all sink into welfare and then come and see us for a good spit on. either Bush is crazy??????????????????????????????????????????? or we are? just getting tired of being an american from this little punk boy who can't even eat a pretzel without choking on it and his little friend Cheney.

No bail out now as they are bidding on who needs what and we are the ones hurting.

no more bailouts "period"!!!!!!!

R Crockett, you are such a "CROC", Obama has never said anything of the sort. Where were you and all of the extemist gun idiots when it came to protecting your rights to privacy with that "CROC" of legislation called the Patriot Act. Would one who so strongly defends the right to bare arms also be as concerned about their privacy rights? Your so full of S--- and i am so happy people are finally seeing through this crap. Go put your white pointy hood back on, at least then were only subject to how stupid you sound.

It looks like the next president won't have to worry about what to do with the 700 billion. At the rate their going there won't be any left when he gets in office.

Notice Paulson is leaving with Bush??  So all the rats are going to jump ship together after the money is gone.

Soon the middle class is going to go under

I think we already did....

Let's form THE LEGAL AMERICAN TAXPAYERS CORP. and claim this Bailout for ourselves!!!!

I own a small business that's going to go under without help until the economy turns around.  Where do I apply for bailout money for my company? 

Now the foreigners are going to get into the banking business in the U.S.  The 700 billion is to bail out the Investment Banks that pay the huge salaries and big bonuses and they continue to use their bail out money to do the same. At the same time, the community banks do not seem to be getting much if anything yet these smaller banks, operating in small town america that make loans to grow crops, feed cattle, for mom and pop businesses to help their local communities are not given opportunity for the funds.  The crooks get more and the honest bankers get screwed.

Big guys first - little guys never -the american way!

This issue is not a Bush issue or just Republican created.  It took the vote of representatives and senators of both parties to pass the Graham/leach/blyley act which killed the fire wall between Investment and Commercial Banking.  Community banks opposed the bill but the crooks in Washington get their money from the biggies who fund them and the theiving lobbyists. Lobbying should be outlawed period. And the amount of funds given towards anyones run for an office should be limited to the area, district, state etc. that is eligible to vote for them.  Union and corporate contributions of any amount should be illegal. To blame any one person or political party for this fiasco is not reasonable.

Hey, the bailout should include our college grads who have thousands of dollars in student loans.  Their loans should be paid off by this program.

Yep!  Let's all line up for corporate welfare!   Sounds like "socialization" to me and perhaps some "re-distribution of the wealth"!!!!   WOW, where are the republicans when you need them  to spew their poison on the corporate world?

Susan-300440....apply at the ballot box in November.

R.Crockett...you're full of it!   The only statement Obama made about guns is that we can't have people walking down the streets with AK-47s.  Democrats won't outlaw guns any more than Republicans will stop catering to the elite.  It takes a pretty low mentality to believe what you're saying.  If you're only concern is keeping your guns and that's what you'll base your vote on then I feel sorry for you!

I think AIG should not get another dime . I think if a company gets any of the bailout money the top ten CEOs of the company should be fired no bonuses they did not deserve them if they were doing their jobs and doing them right they would not have been in the shape they are in now.

Washington will never change until we have #1 term limits.

#2 do away with lobbyist and have our representatives actually ask the people for their opinion and then vote as the population wishes on every issue.

I am just "SICK AS HELL" over this bail-out crap! I do indeed wish that "EVERY SINGLE FAMILY" that is facing foreclosure would stand up against them and tell them "The Banks Etc..." to go to hell.

What ar they (The Government) going to do about it if we do ?  Don't tell me: They will probably make Saddam Huesien look like an angel compared to their hitler style "LAW & ORDER"....

When you can bail out corporations that literally "set the people up to fail in order to make profit" and then leave the innocent to suffer you may as well call yourselve the devil. So is it the "White House" (Our Government) and or is it the Devils House... Lets paint it red and get creative people...  

Amen !!!    Son's of a @!$%#es better stay clear of me and my family! I despise the government of USA any more !!!

Devil's Advocates.... thats who those damn republicans are !!!

OK folks, we are really going to have to work hard if we expect things to change.  Currently, we live in a kleptocracy that was an oligarchy previously.  If you don't know what those terms mean, please look them up.

Though it's good to see people fired up enough to talk about getting our current congress out of office through voting, I seriously doubt that will be a solution to our problems.  Democrats and Republicans are merely two sides of the same coin.  They are ALL POLITICIANS and by definition are performing their functions quite well -- scheming and maneuvering to gain leverage and power.  You can write, call and protest against congress all you like but there are no laws or provisions in the constitution that give the citizenry power to remove them from office.  Only congress itself can remove one or more members from its bodies.

As far as the global economic crisis, it was pre-meditated.  I defy anyone to make ANY sense out of the concept of Credit Default Swaps which lies at the center of this financial meltdown.  Companies bought bad debts from other companies and credit agencies gave these debts AAA credit ratings so that insurance companies would insure these debts for the companies who bought them.  Unfortunately, the whole world got greedy and bought into this ridiculous get-rich-quick-scheme as well.  In my estimation, if someone has not only bought my bad debt but made money off of it as well, then why isn't my individual credit report cleared of the debt?  The reason is that buying these bad debts never required any of the companies to surrender hard assets.  This is all an electronic moving of finances without actual assets being in danger...until the other countries who our government borrowed money from and/or had invest in these bad debts wondered when the bad debts would become good.  Foolish thinking but that's what greed will do to normally rational people.

Since our government nor anyone else will be able to untangle the toxic debt and see what amount of assets are wrapped up in this fiasco, why not wipe everyone's slate clean?  They can't because the Federal Reserve is in charge of issuing credit to our country thanks to Woodrow Wilson in 1913.  There is so much collusion in this nightmare and no charges will be brought against those responsible because there are too many guilty parties in high, powerful places and congress' pockets would be getting a hell of a lot lighter in the process, which they will not let happen.

I ask all of you, what are we going to do as citizens, constituents and taxpayers to turn our country around?  These are scary times but we must be courageous and dare to develop more evolved societal constructs that are just and balanced.

What Paulson is doing is consolidating the power of the fascist financiers!  The below cited article reviews this fascist process as it happened previously in history and as that fascist model is manifesting in the unfolding bailout swindles!

Panicked Flight Into Corporatism As System Breaks Down

Oct. 21, 2008 (EIRNS)—This release was issued today by the Lyndon LaRouche Political Action Committee (LPAC).

As the global financial system breaks apart, the bankers, their regulators and the governments are also breaking down, psychologically, and lashing out with statements and actions which have no substance, Lyndon LaRouche warned today. Unable to come to grips with reality, they are rushing headlong down the path of Weimar Germany-style hyperinflation and Mussolini-style corporatist fascism.

The dominant themes from this dysfunctional crowd of bozos are escalating bailouts and global financial dictatorship, as they push ever crazier schemes in a desperate effort to save what cannot be saved. What they will get is not success, but deadly hyperinflation, and the collapse into a dark age, a process which has already begun.

Typical of this insanity is the Fed's latest "bailout of the day" scheme announced today, to pump some $540 billion into the money-market mutual funds via a new Money Market Investor Funding Facility, or MMIFF, which will lend the funds to five private special purpose vehicles, or PSPVs, to be managed by J.P. Morgan Chase. These PSPVs, which will also raise funds by selling asset-backed commercial paper, will act as a secondary market to buy assets from money market mutual funds and other money-market players. Less than a month ago, on Sept. 29, the U.S. Treasury announced a Temporary Guarantee Program for Money Market Funds, with funds provided via the $50 billion Exchange Stabilization Fund; today's action creates a fund more than ten times larger, reflecting the speed with which the system is disintegrating. Some $500 billion has been withdrawn from money market funds since August.

"Isn't this hyperinflation?" Lyndon LaRouche asked. "This is actually Weimar Germany-style hyperinflation."

Meanwhile, most of the Fed money being pumped into the financial system is going not to additional lending, but to build up war-chests for takeovers and to cover known but as yet unreported losses. The big banks are planning to take over the smaller banks in droves, using taxpayer money to fund a dangerous concentration of the banking system into a small number of giant banks. Today's New York Times quotes an unnamed Treasury official as explicitly admitting that "Treasury doesn't want to prop up weak banks. One purpose of this plan is to drive consolidation."

Of the $125 billion to be provided to the top banks in the first round of equity injections, $5 billion is going to help fund Wells Fargo's acquisition of Wachovia and Bank of America is getting $5 billion to aid its takeover of Merrill Lynch. All of this conveniently overlooks the fact that the biggest banks are the most bankrupt of all, and yet the smaller banks will be fed to them, in a desperate attempt to save the zombie giants.

"You're talking about corporatism," LaRouche responded, "and we should call it that. This is Mussolini; this is fascism. It's what is called corporatism; this is fascism."

At the same time the controllers of the Anglo-Dutch Liberal system are pushing for a system of global banking regulation, to replace national control. There is discussion of using the IMF for this purpose, but in this case the devil is not in the details, but in the intent, which is to create a global bankers' dictatorship run by the forces which control the British Empire, with the intent of destroying the nation-state system, including the United States.

"But what happens if China, India and Russia and some others don't join?" LaRouche asked. "I can almost guarantee that would be the case," he added.

"We're seeing a breakdown of the system which is now a psychological breakdown," LaRouche summed it up." A lack of confidence, lashing out with wild meaningless desperation, with no substance addressing the actual situation.

"These idiots are in a panicked flight forward, with no idea what they're doing, no coherence, and are turning toward corporatism," LaRouche warned. "This is corporatism, Mussolini-style fascism, and the government is funding it. People should study the history of Mussolini, how his corporatist system was created and how it functioned."

"What are they going to do? Is the Mussolini government going to control Obama by doses of castor oil?" he asked

I don't ever want to hear another rich fat cat talk about the poor and welfare, because it is these fat cats on wall street and in banking that have added a new dimension and meaning to the welfare system and they are no better than the poorest among us because we're paying for their caviar, penthouses, Roman holidays, and hoggish ways....and that is the longest run-on sentence I have ever constructed.

The pirahnna have scented blood and are boiling the waters looking for their share.....