A Watershed Day: U.S. Takes Stake in Banks

Paulson said the F.D.I.C. will offer unlimited guarantee on bank deposits in accounts that don't bear interest — usually those of small businesses. That statement is a joke.

Silver Surfer... Any suggestions??

When you haven't got a snowball's chance in hell of paying back your existing debts, you are broke. That sounds remarkably like the American government and they are bailing out the entire financial system by borrowing and printing a lot more money. JUst have a look at the debt clock, every eight seconds or so another million is added to the $10.2 trillion of the Federal Government debt. All these endless bailouts are doing are doing is transferring the debt of the private sector to the already hoplessly indebted public sector. Can someone, anyone please explain to me how this can possibly work.

IT IS INVESTMENT FOR THE PEOPLE,TO RECUE THE PEOPLE AND THE DEBTS OF THE PEOPLE AND PROFIT FOR THE PEOPLE...TO RESTORE THE CONFIDENCE OF THE PEOPLE AND TO RESTORE THE ECONOMIC SYSTEM OF THE PEOPLE.......MOST OF US THINGKING OF WHAT IS NOW...THINK AHEAD WHAT WOULD IT BE IN FIVE YEARS TIME TODAY....THINK POSSITIVE ...WILL THE $ 700 BILLION WILL RETURN BACK TO QUADRILLION....THAT IS THE MIND OF TRUE AMERICAN.......BE OPTIMISTIC SOMETIMES....HAVE A CUP OF COFFEE AND RELAX.......

You can blame Bush all you want on the economy but that FACT is Congress is also to blame. Last time I checked it had Democrats and Republicans. I bet you want Obama in right. He will destroy our military effectiveness. Im sick and tired of the left and right arguing who has the answer. Time for a third party to shut both of them up. Obama will only use words and not anything else. He will speak his way through crisis rather than solve it. I bet your proud to be a Democrat and to be associated with the two biggest idiots (Pelosi and Frank). Wow there is a scary pair of nonsense.

Impeach Jr., If only to send a message to future generations that we will not tolerate being used as pawns in his world domination scheme. We MUST show solidarity in our intention to right the wrongs of the last 8 years and stand up to the oppressors and say NEVER AGAIN. VOTE DEMOCRATIC :}

In fact the only real change I would like to see is the abolishment of the electoral college. True representation of who is elected should be the people not the states. The states with electoral power have the worst budgets. Look at California, that state is a joke. New York is another one.

I hear the giant sucking sound that Ross Perot warned us about.

Cowboy says... This whole bailout is shameful. These mismanaged financial services companies should be left to go bankrupt. Let the prudent strip whatever valuable assets that remain on their balance sheets. This entire act reeks of corruption.

Am I mad? Yes, I'm mad like hell that my government is giving my money, my children's money and my grandchildren who are not even born yet to the fat cats. You have the right to disagree with me, but I believe this is understandable. What I can't understand is when I see people gloating! Dude, stupid as you might think of them, these are your brothers, sisters, cousins, neighbors, fellow citizens that are getting screwed and you gloat! Let's change the attitude people if we want this country to ever stand proud again.

As the stock market goes down, Private investors voluntarily dump stocks for government bonds. Trillions of government bonds (that the private investors bought) should now be recycle to the private banks to restore confidence and prevent market melt down. This is not "Socialism". No one is printing money. This "Hyper Capitalism" recycling money back to the private sector.

Ironic, 6 years of total republican rule brings on socialism in the U.S. I hope the koolaid drinking cons are proud. Karl Marx appears to listen to Hannity, from beyond the grave. Before flipping to Rush, that is.

Whom to blame is not complicated....just look at the bailout vote. The majority voted for it. Just stop whinning and vote all of them out. Can it get any more simple? There were (are) so many better alternatives than the bailout. But again, they could only come up with throwing $ (billions) at the problem. Pathetic....

Cowboy is right!

Well..... if this doesn't work ----what do we do? Ask the PUKSTER Paulson---who should be fired and replaced by Roubini----the ONLY dude who really gets it!

Ladies and gentleman... 5800 is the bottom (the market was really only worth 1/2 of the previous highs...the other 1/2 was pure speculation / manipulation without any real substance). It is bad....

History lesson for consideration Look up on Wikipedia 1. Fabian socialist society NOTE Harry White & John Keynes 2. United Nations Monetary And Financial Conference in which Harry and John dominated for the US and UK 3. The IMF, WTO, and World Bank which came out of #2 also known as the Bretton Woods Conference 4. 10 members of the G7 today, are members of the IMF including Paulsen and Bernanke. 5. Banks getting nationalized now? Can we say socialism anyone? Let’s just hope it’s the good form which provides education and free health care and not the kind that leads to communism.

Paulson and friends are finally spending the 700Billion Bail Out money. Oh goodie.

We are robbing peter to pay paul so to speak. The real problem is we import more than we export. For the past 30 or 40 years, we've reaped more than we've sowed, and it is going to bite us. Its simple really. Nobody wants to say it though. We are going to have to sow more than we reap for awhile. Its not going to be a happy time. We will need to really work and produce things again. That means all the yo-yo's on wall street who really produce nada can take a hike. Farmers, manufacturing, mining, these are the people who should be helped. They are the ones who will save us in the end.

History lesson for consideration Look up on Wikipedia 1. Fabian socialist society NOTE Harry White & John Keynes 2. United Nations Monetary And Financial Conference in which Harry and John dominated for the US and UK 3. The IMF, WTO, and World Bank which came out of #2 also known as the Bretton Woods Conference 4. 10 members of the G7 today, are members of the IMF including Paulsen and Bernanke. 5. Banks getting nationalized now? Can we say socialism anyone? Let’s just hope it’s the good form which provides education and free health care and not the kind that leads to communism.