Biggest Bailout Ever: Did the Government Go Too Far?

This will only delay the inevitable economic ruin of the nation. It's totally embarrassing to see this band aid approach being touted as a real solution to a systemic failure rooted in the moral bankruptcy of America.

Don't worry, the common tax payer won't be shouldering the burden like so many of you think. It will be the successful "rich" people who will have to pay for the mistakes of the "poor". Only the hardest working people who didn't screw up and get themselves into major debt will have to pay for the mistakes of the many. Welcome to communism my comrades!

Hank is looking out for his buddies at Goldman and we will all have to pay for it. Seems like nobody can fail now (if you line their pockets). If not you'll end-up like Bear Sterns! But Goldman had to be saved? Way to go Hank! I'm sure they all appreciate it too. You'll be looking for a job in a few months, or will you? That is probably already in the bag with this action!

"But the future certainly looks brighter than it did yesterday." Are they kidding me!? The future may be bright for the short term, but in the long-term, these actions will only put off the Piper so long. He'll come again sooner or later and demand a much bigger payment for trying his patience. No matter, our kids and grandkids can take care of the mess. Oh wait, how does that Piper story go again?...

Paulson hit the magic formula..............It will remember in history........probably he know the lesson of history from 1900 to 1933..He aplplied it now and it is working......Probably he knows economics too.......He had a excellent grade........pass.......Good Bless United States

Welcome commrades to our new Soviet Era Markets

There will bonuses for this off-loading, right.

As a society we have two chioces: to provide services via private institutions or via government. If private companies are not able to sucre acctalbe results the government should step in. Just like with health care, since after so many years of trying all we get is the highest prices in the world and 40 milion uninsured it is the time to say thank you we can do it better via public service. If a bank was not able to analyse the risks I see nothing wrong with shareholders walking away with $0 shares and governemnt stepping in in some form as long as it is a good investment for the society. Now politically the problem is that Bush administration is afraid of admitting of failures and becoming de facto the Socialists. How funny, and how costly for all of us.

This scam has me as mad as hell and I'm not gonna take it anymore. If you feel the same way start getting active. Here's a link for getting you started. www.stopthehousingbailout.com

Did the gov't come in & bail out the tech firms in the 90s? Hell no!!! Only reason for the bailout this time is to protect their personal wealth & the wealth of their lobbyists!! All the damn crooked investment bankers & mortgage lenders should have all their personal assets sold off & used to pay for this crap. This is total BS!!! Let Wall Street go to hell for all I care. Damn greedy idiots!!

only one problem, the government doesn't have the money, and neither does the american taxpayer. The money is borrowed, from other countries. This is a desparate attempt to delay the inevitable while weakening the fundamentals even further. Good luck.

Way to far. I'm getting ready to throw up. Maybe I'll go home sick from work today and let my fellow Americans pay me anyway. I guess that house on the corner that's for sell will have to change their sign from BANK OWNED to FEDERAL GOVERNMENT OWNED or better yet THE PEOPLE OWNED. God help my children and grand children.

Hard to believe, but Bush wastes a Trillion Dollars on Iraq, and now at least another Trillion Dollars on bail-outs that resulted. America was not taking seriously in world politically and now it won't be taken seriously on economic matters either.

It sounds like nobody loses except some of the universally detested short sellers. I've never shorted, but I would now. Deadcat bounce here, it's one f-a-a-a-t cat.

kind of funny that GS and MS have been making billions on shortselling in the past and now they convinced the SEC to stop shortselling on themselves.

BTW, the double standard has never been more obvious: the socialization of health care, which would benefit the poor at the expense of the rich, is the very definition of evil. Yet the socialization of the free market, which benefits the rich at the cost of the poor, is not only good but patriotic.

Some kid in the ghetto knocks off a 7-11 for a couple hundred bucks and goes to prison. Still longer if he is found with a few joints of grass. The laws don't seen to be well written if someone or group of someones can be so reckless with the trust placed in them by depositors that the taxpayer is going to invest a trillion dollars, which looks to me like the tab for September 2008. It had to be done, and I'll be OK with it if a lot of bankers end up doing hard time. But I'm not holding my breath.

Communism for the Rich, Capitalism for the Poor. Massive Debt put on the heads all Americans, every American is now $3000 more in debt today. Americans who did not buy into this market, who rented, who watch their money now have to pay for their neighbors big house and a wall streeters job. Now the Rich Communist get to keep their jobs, get to keep their nice offices. The Blame is on the stupid people who loaned money to people who couldn't pay. Don't want to lose money, don't loan it to people who can't pay. The way for recovery is for idiots to lose their money and let a new generation of smarter people move to power. Instead, the smart people and companies will be taxed and inflated to support the stupid people and companies. It all goes to show you the way ahead in America is through connections not hardwork. Unfortunately that is why we are in the financial crisis that we are today.

I am shocked at the action by the Fed to bail out all the failed corporations and crooks at the expense of the Tax payer. This is a fix for a BIG screw up by Fed that failed to monitor the financial market. Now it will claim that the smart brains at Fed saved the world from a financial disaster. The facts are 1. The US fed regulators were responsible for the mishap. 2. The rating agencies like S&P, Moodys etc are all bogus and will give a good rating to any thing I say fire the entire leadership from the incompetent president at the top

If I remember correctly at the end of the last two term republican president's tenure the banks failed. I can't wait to see how history books and future experts refer to trickle down economics. It has driven our economy close to a depression. Save the banks if you want but what this country needs to keep from becomming a third world country is jobs, good paying jobs. We lost them all over the last 30 years and nobody wanted to do anything about it. Have an emergency meeting about that and spend some taxpayer money on that problem. Who is going to buy products and houses when their pay has been cut by 30-60% because some executive who makes millions wanted to hire someone for less money to cut expenses.