Landmark Day for American Capitalism

Does it seem counterintuitive that news about banks being in such bad shape as to need bailouts actually leads to stock market jumps?

Landmark? Just another blow to the the working class, Let them all go Bust; But NO ! just keep the Press turning out "FUNNY MONEY" that will just add to our pay back later, I'm turning my small business into a "BANK so i can get a nice easy Bailout.

OMG !

Do we realize that the government via the taxpayer is funding all the subprime loans?

We have everything we need. Relax, enjoy what we have.

Thanks, you two, for telling it straight. I appreciate it, and look to Tech Ticker every day for a bit of honest analysis and insight.

What we need are the manufacturing and companies our congressmen and senators give incentives to move over seas. We need jobs not bailouts.

I had to pawn my phony Rolex!

Why does it seem that BofA can invest poorly in two major acquisitions and receive a "present" from the govt. in the form of a bailout? Meanwhile millions of us own homes that are worth a fraction of what we paid for it a year ago, yet we're the ones suffering and paying for the corp bailout..... AMAZING!

Capitalism is dead. The banking elite now rule america. Notice I didn't capitalize "america". The America we knew is gone. If/when the capitalism is restored, I will return the capital "A" to america.

If the taxpayers are paying off the subprime loans thru this bailout hoax....why are the banks being allowed to forclose on the mortgages. Seems like the banks will be getting paid for the loan and get the property also......something smells about this, always did.

People kiss your tax money good bye. Start save your money to pay tax in few years!!!!!!!!!!! You can thank your congress and Mr. Obama for that.

As a fiscal conservative this is all v painful. However, unhealthy banks cannot lend at all. They need freshly printed cash if we are all to survive this... or learn to speak Chinese and Iranian. The scariest thing I've seen on financial news TV over the past 20 years was the shot of WAMU customers running to their branches to pull money out. The time to stop the rock from running down the hill is when it gets close to the edge. After hearing that the sales of safes were up... it took me three times to get this... the mentality of Americans began to sink in. So, there's a pain and there's trauma. So just go ahead and kick me. Repave my street and rework the bridges. Just be sure this country can out-compete other countries.

It's all about socialism and has been since FDR. Why do people think we're still a capitalist country? Unlimited money printing always crashes the fiat currency empires like the US just like it has done to past empires. yada, yada, yada.

funny how one program can put $550 trillion dollars of derivatives out in the world and no one can write a program to get them to come back... no no one can red...oops! read in Congressional Record, pages 12595-12603.....

Ah... it's just wonderful... these banking entities are willing to borrow against our kids, kids, kids future... they will never live to see any more than the interest to be serviced. There is no value to live debt free and within your means - because no one running this country does, they would know how to operate a household within budget. Those who live debt free/reduced are being penalized (BIG TIME). Just doesn't pay to be responsible. Welcome to THE GREAT RECESSION.

Stop paying your credit card, auto, and mortagge loans now. The currency devaluation is alkot closert han you think. The YEN carry trade will put the final knife in the coffin as the Japanese policy makers push short-terms higher to ward off core inflation. They can't make up inflation numbers as easy the US. As we see a continued sell-off in Treasuries to cover YEn the FRC will havbe no choice but to print more currency to but Treasuries to keep yields low. These Treasuries they are purchasing are being lent to AIG BAC C etc etc.. to shore up their balance sheets. The US has 50 Trillion in consumer debt and are natioanl debt is approaching 15 billion if you include the FRC IMF FNM FRE and FDIC guarantee on overnights and mortgage products. Preserve your capital by not paying and put the savings into Gold now. Gold and silver will double from these levels. Good Luck fellow Americans.

Stop paying your credit card, auto, and mortagge loans now. The currency devaluation is alkot closert han you think. The YEN carry trade will put the final knife in the coffin as the Japanese policy makers push short-terms higher to ward off core inflation. They can't make up inflation numbers as easy the US. As we see a continued sell-off in Treasuries to cover YEn the FRC will havbe no choice but to print more currency to but Treasuries to keep yields low. These Treasuries they are purchasing are being lent to AIG BAC C etc etc.. to shore up their balance sheets. The US has 50 Trillion in consumer debt and are natioanl debt is approaching 15 billion if you include the FRC IMF FNM FRE and FDIC guarantee on overnights and mortgage products. Preserve your capital by not paying and put the savings into Gold now. Gold and silver will double from these levels. Good Luck fellow Americans.

Just took a look at BAC stats on Yahoo! Finance. It was selling for $7.20 with trailing earnings of $1.15, and it was paying a dividend of $1.28. We just bailed a company that paid it shareholders more than it earns. If BAC needs a bailout, why is the company paying dividends at all? Can't they find a better use for that cash?

Bush stinks