Bailout's Bottom Line: It's a Confidence Game

Exactly right, this is a confidence game -- however confidence is fallible and that alone will undermine this entire "bull$hit bailout!" In other words it's only a step that won't work, and sets the precedent that corporate elite are a higher priority than every man woman and child --- Congress should be shamed, utterly ashamed.

bailout or not us economy will recover by 2010!!!

this is all BS, im tired of it

Imagine this, the country's smartest CEO's have run the country's largest Banks into the ground and get this, our Senate and Congress are going to straighten this out? Ummm ... did anyone forget our country is more bankrupt then the companies we are taking over? Your senators forgot who they work for, many simply do not care,, the American public is against the plan but they are moving forward anyway. Simply do not vote for them next election and never forget. You can also let them know your displeasure at www.senate.gov and click on Senators, then your state.

Why doesn't the government buy a few troubled regional banks and make the (good) loans that are needed. This will force other banks to either compete or fold. It should add liquidity to main st and will cost a lot less than 700B.

It's a Government Capitalism con game. Good by Free Enterprise. Now that a couple of statists, led by Goldman control the financial system the next thing is industrial mergers. Let's get all of the CFR One World Government people on board. The stock market has been a "losers game" for fifteen years. Now Robert Rubin, with his Manchurian Candidate, can really manipulate the game. The investing public, including institutional investors, are suckers. Why do you think the smart guys are getting out while they can?

Confidence, why would we lack confidence just because housing was the problem and they have done nothing for housing. We should be happy that the Government Doctor is not treating the real problem. Think of all the friends we will make in the bread lines. I have been trying all morning to send my Congressman an e mail but the web site is frozen, seems I am not the only person that wants to voice an opinion on this. Fix housing for Main Street. Our two biggest banks in San Diego are now gone, who is even going to do the home loans that will fix this?

When the over all sector of the econmy start to pick up and the stock market,and the stock go up anf the Dow Jones stay in the range of 1100 up ward to 12,800 and stay above 12,900 had been crossed by the first week January 2009 range then only then I can say we are on the bottom for sure.....Hopefully it will come out now if you are bullish still.

First scare the hell out of everyone in congress, then rip off the $700B.

Of course it is about confidence, but whom should one trust, Paulson, Bush? any of the senators. McCain or Obama have not said anything substantially also. See if one of those will be the next US president, what can you expect? I'd no trust any of them to anything of value. If you gave them 100 Dollar they will come back and ask for a few thoursands more ...

Of course it is about confidence, but whom should one trust, Paulson, Bush? any of the senators. McCain or Obama have not said anything substantially also. See if one of those will be the next US president, what can you expect? I'd no trust any of them to anything of value. If you gave them 100 Dollar they will come back and ask for a few thoursands more ...

Nothing for Housing is a failed plan. Millions of people out of their homes and more to come. Panic is just starting espically with a free media.

Shame on us, lets vote OUT these politicians. Every single one of them.

If we could only belive that there was just one company involved

If it's about confidence, then let me ask, why not go to anyone having take part to give as much bad credit as possible and put them in charge paying back what they've got. It's snow-ball system and I bet that is illegal in the US also...

So no help for the peole that are about to loose their homes but help for the rich. when are we gonna stop letting these politician that are elected to office steal money to support their families while the ones of us who are not on wall street continue to struggle. I just dont understand how Poor people just keep on supporting the rich people does that make any sense to anyone.

It's not just that the big banks lack confidence. The investing community as a whole now lacks confidence. The rules change on a daily basis, and the changes are geared to allow big players to game the system and continue to hide the crap. The changes are NOT promoting transparency, NOT promoting the very necessary controlled unwind of dead-firms-walking, and NOT providing reassurance to the true owners of wealth - taxpayers who save - in this country. Remember that the banks don't own wealth, they simply control lending based on deposits from those who do own wealth. The government is not the right method to fix the problem, and is likely to make things worse. The wealth owners are taking their money out "on strike" until the big bankers get their heads back on straight and the government gets its grubby paws off our markets.

Can you say "Global Recession"??? America is the keystone of global economic confidence: America is bankrupt, the rest of the world will stumble as we fall. Sad but true.

If gov't really wanted to un-freeze the credit markets, they should have changed the Feds charter to allow it to lend to individuals and businesses. then the Fed would have GOOD loans on its books. But it would also directly socialize the Banking industry

Can you say "Global Recession"??? America is the keystone of global economic confidence: America is bankrupt, the rest of the world will stumble as we fall. Sad but true.