The American Public Fights Back

Its important to save main street instead of wall street brokerage houses...the supply and demand for the toxic paper will eventually reach a equilibrium without a bailout....what the country needs now is to get M1 on the move upward and that requires a return to fundamentals...reduce taxes, lower energy prices, adequate jobs for whoever wants to work. This is the Main Street Bailout that the average family wants.

I love these guys.

Silver Surfer Here... I stand for Free Enterpise and the American Way. Fly the Flag high America we have a Great Country. Now back to the Great American Plan for moving this Country forward. Step 1. Fed needs to lower Rates by .5 % tomorrow. Step 2. Write your Senator to focus Tax Payer Capital to build up small Business working towards diversifying our energy needs and infastructure. We can create millions of jobs in this sector with real returns on real work and real value. Step 3... is up to you. I need your feedback to make this work and make us heard again.

Thanks to all that voted no. There are many other ways, the Swedish model for example. The Sec of Treasury came from Wall Street. Having him at point is like hiring a coyote to guard the chickens from the fox

A cheap trick, "chalk it up as a populist uprising" my butt. This initial vote is nothing but a disingenuous first offering to make the sheeple think that democracy is working. The trick is as follows..put in some blatantly obscene items in the bill that will be stripped out as a show for the sheeple, just before a subsequent vote with the main toxic portions of the plan remaining. The media will hail it as a great victory that made the amedments possible and the idiots will accept it as such The bankers and the government puppets they master should be tried for treason, the lot of them

Finally Congress finds a backbone. We need to use our taxpayer dollars to provide assistance from the bottom up. Fannie and Freddie have been nationalized to keep providing loans, so this whole Paulsen plan was a ruse to fool us into bailing out his buddies and his own portfolio. If housing is the problem as he stated then it made little sense to have added credit cards and car loans! I'm sure Paulsen will be back with the same plan sugar-coated. Don't buy it people. Power to the people. Call your reps and tell them you want a plan that doesn't bail-out bad banks and bankers.

The 700 billion was just the tip of the Iceberg. Why go down with the Titanic. Keep your powder for the big fight. The recovery effort. Not a sticken Bail Out. Drive the capital to the areas of the economy that will provide the new jobs to come.

Money for main street, that's me. I'm sure I'll spend every penny. People who want to stay in their house and who have a chance of doing so given a little help, ought to be helped. Those that are already gone, well, let the market eat those bad loans. Then put some money out there for credit and at the same time re-institute the regulations that the republicans (and loads of dems too) have been maligning and doing away with ever since Reagan started this mess. Every time the Republicans get the prez, and both houses of congress a depression can't be too far off.

I like your show, it's nice to listen to someone that isn't clueless. No matter who recieves bailout money, the govt is going to print it instead of collect it in taxes. That means inflation, which is a nation wide pay cut. This will bring on labor market price discovery. Those who can demand a raise to restore their standard of living will do so. Everyone else will have to live with less.

I for one am glad it didn't pass... But they love drama in Washington, so nothing can be ruled out yet...

The problem is that this isn't about bad loans anymore. What congress and the news aren't telling anyone is that this is the FDIC insurance coverage. We haven't even gotten to all of the debt yet. Unless you are counting the money that banks no longer have to support their accounts. I don't think the anybody knows how screwed we are. But 700B isn't going to cover it. My guess is we are going to see an emergency every quarter until the end of the year of next year. And I don't imagine it will stop there. Currently they can't tell people what this money is for, because it will surely start a massive panic. So if they gradually bleed the dollar for a few trillion, US citizens won't realize how the peso gained so much ground on the dollar until it's less expensive to retire in New York than Mexico.

God Bless America! A victory for those who are sick of Big Government and bailing out crooks. These CEOs and Big $$$ Players (most, at least) have advanced degrees in economics, finance, etc. Surely this housing crises was no "honest" mistake. They got greedy, and as the saying goes ,"pigs get slaughtered". Sure, the markets will suffer for now, but today's decision will benefit all of us over the long run. Long live the FREE MARKET.

Thank you! to all who voted no. On top of all the money, the plan was to have the Sec. of Treasury (from Wall Street) be in charge of the money. This would be the same as having a coyote responsible for protecting the ckickens from the fox.

Why should we the people of America buy up a bunch of worthless mortgages? Since when did we become a socialist country? The Government has no right to get involved in the free market. Leave it alone and it will fix itself.

The problem is that this isn't about bad loans anymore. What congress and the news aren't telling anyone is that this is the FDIC insurance coverage. We haven't even gotten to all of the debt yet. Unless you are counting the money that banks no longer have to support their accounts. I don't think the anybody knows how screwed we are. But 700B isn't going to cover it. My guess is we are going to see an emergency every quarter until the end of the year of next year. And I don't imagine it will stop there. Currently they can't tell people what this money is for, because it will surely start a massive panic. So if they gradually bleed the dollar for a few trillion, US citizens won't realize how the peso gained so much ground on the dollar until it's less expensive to retire in New York than Mexico.

i am invested but i don't want this bailout deal.my children and grandchildren will be paying for this all their lives.I'll take some suffering for the greater good.No to gimmicks in financial assets and home buying.It is not a right to be given a house for which you can't pay for but the taxpayer can pay for.What ever happened to working for it to happen

Also, write your congressman or anyone that voted 'no' today and show 'em your appreciation for keeping the markets free.

The problem is that this isn't about bad loans anymore. What congress and the news aren't telling anyone is that this is the FDIC insurance coverage. We haven't even gotten to all of the debt yet. Unless you are counting the money that banks no longer have to support their accounts. So except for 250B this is FDIC insurance money. Think of this as an installment payment. Nobody knows how bad this is going to get.

What we saw today is the lack of financial education. I watched the arguments on the floor today and was amazed at how little our representatives know about economics. The "bail out", which is really a bad name, is actually a good investment for all of us. We all stand to benefit from the program and we all will loose now because of the dramatics today. People are loosing their homes, not because of bad loans, but because of loss of employment. We can only pray that our reps get smart real quick and quit this foolishness. Lets also hope that school leaders see how critical financial and economic awareness is so that we don't send such ill prepared representatives to Washington to screw up our lives.

Let the Government own their own bank. They will LEND the banks will not....just let people finance through the bank You need to have a NATIONAL BANK...NOT A PRIVATE BANK... get rid of the Fed Reserve.... Repeal the Federal Reserver Act... The government will not have the hairball of the bankers stopping CREDIT from flowing... Free market capatilism is in fact people allowing controlled market conditions to exist...NOT A FREE FOR ALL CASINO.... to exist...