Banks Admit Bailout Won't Work

It will work........Just give it more time and another 2 trillion.

I will go along some what with the saner people (ie George Soros) and my own insight rather than the embrassed and disgraced GW Bush McCain Republican group who has not done anything (ZERO ZIP) to systemicly change the way financial institutions besides throwing money at them and praying having faith in what is a fraud and corrupt crooked system of ill concieved practices traditions and laws. Hang the finance criminals!!

This policy has no chance to work. It was a political ploy to show the the government was "doing something". What good is a policy that will take 2-3 years to work, when it was hyped as a policy that will prevent the recession? Now the goverment comes out and says "well, it's going to take time to work...... Any of you who believe the crap that comes out of Bush's & congress' mouth deserve what you get. Its not going to stop the recession, it's not going to open up credit markets, it won't save your house or job. This recession is unavoidable and is a consequence of poor choices over the last decade. Basic economics "what goes up, must come down", Econ 101. Come on people, did you really think home values were going to go up 20% a year forever? Now I have to pay for all of you jerks. Hope you have a good time living in your Hummer with your family!!!!

It always amazes me that these so called experts in OUR government know only one thing, how to spend our money on worthless causes. From the very begining the American public has said NO to the bail out, yet it still passed. I have seen in the past couple weeks those who chime in on here, saying the bail out is needed, HMMM, stock brokers, or bankers? We have become a society of spending fools, quick credit, easy money, wasters. Our Grandparents worked hard for their money, had Mortgage burning parties, and showed restraint in purchases. Until this whole mess started I had never heard of companies using credit to pay employees, maybe that is what is done with the likes of GM, Ford, etc..., but most SMALL companies sell items and get paid for those hence paying employees. By doing this we are more aware of our money and work harder to make a sale. Maybe a DEPRESSION is what is needed to get people to actually WORK for money.

One more thing! We need to vote out of office every single person holding seats in the house and senate! That is, if we really want CAHNGE! This will make a change!

It is all about confidence - if investors know the gov't is also invested in banks there is better chance of equity return. Why should banks write down all real-estate assets to nuclear winter levels are you implying that these assets will never come back in value. You sound like the same morons who said home prices have never depreciated YOY so there is no bubble. You sir are part of the panic - welcome

How about banks who own these bad mortgages becoming landlords. Rather than an empty house going to waste and downhill through vandalism and neglect, let people pay rent and live there. After all the house is already built, at one time had a high value; people still need to live somewhere (those who go to foreclosure or just leave usually go to rent somewhere eventually). Rent may not be as much as the mortgage currently but it is better than zero on the dollar the bank is getting as it sits empty. Most people are better off renting; never should have been byyers.

Why isn't HSBC America dropping like a rock? They are not on the bailout list and they hold a LOT of bad paper. Weiss says 7.21 in "toxic" liabilities for every 1.00 on thier balance sheet. What gives?

The banks basically ripped us off. What the government should have done was take $4000 and put it in a C.D. for every taxpayer in America. Then lock in the term for 1 year so that you couldn't just blow it on more Walmart crap made in China! After a year the money is the American publics, just like it should be. In the locked in year, the banks have all the capital they need to operate just as if we all had $4000 in an account in their bank. If the banks know you have that kind of cash available in a year and they can use it for a year, that would loosen up the credit. Of course they need to use a lot more common sense this time around.

Important thing is...... The execs will get some bonus at year end (instead of humiliation) as a result of this (If there aren't bonuses how can they attract the "best" and "brightest"?).....Nothing worse than a depressed titan of business. So much for supposed free markets........

Lets face it. Our economy is probably in worse shape than we have been led to believe and governments answer is to ease credit, which would have to include a relax in our current conservative underwriting. Which got us were we are today. Government, Wall Street and our population should just get over the fact that we have painted ourselves into insolvency and it will take alot of goverment spending cuts, bank mergers and No Holly Joly Christmas's for the next couple of years. Everyone wants the economy fixed now, just like our give it to me now attitude and its just not going to happen.

All fiat currencies have historically failed. The mess in America is history repeating itself. Bye, bye American dollar. All the benefits of a reserve currency squandered. What a waste, what a waste. Silly, stupid country.

Be patient - It will work!

the natural order of markets 1banks dont have mondy to lend 2 people stop spending and start saving as they see the markets go down. 3 they save in BANKS 4 Banks now have mony to lend it is the way it works the Gov needs to not get involved and California needs to be given its indipendence

Buffet is buying stocks...he can afford to wait. The banks don't want to lend...they now have cash and can afford to wait. The Fed is behind the curve...they wait till something happens and then they act. The S.E.C. still hasn't re-instituted the 'uptick' rule...they're waiting too...for what?..I don't know. The aforementioned comments allude to 'something' happening next year...O.K.,...we'll all just have to wait. I believe in our system for all it's faults. It's the only one we have despite the ramblings of those who feel Obama is a socialist..or whatever. And..why is it that the rest of the world has been buying short-term treasuries and pushing up the dollar? In reality, like it or not, the U.S. is still a place to park your money, even though you're getting less than 1% ! And, we got into this mess sooner than the rest of the world, who..by the way, is still in denial....AND we'll emerge sooner than they will ! I've been in the financial biz for 30 years and have never seen anything like the recent market action. This too will pass...it always does...albeit with a proportionate amount of pain and denial..BUT it will pass!! Time will tell.

The money was given to the wrong banks. Even the initial report said, "these are health institutions". That makes good sense, so now they can continue to sit on the sidelines, stay in business, don't do loans and cherry pick all the other smaller banks which actually do give a d**n about lending and helping their communities. Here is a thought, seek out those institutions that did not get into sub-prime, made loans to individuals and businesses with the credit and income to afford them, give them the infusion of capital and watch a good business model take hold. These banks are on the ropes because of all the rest of the greedy B**tards, and can't continue because of the freeze in the credit markets (who are the biggest players in that I wonder, maybe the big nine? hmmm). It's time to get back to the basics, and who better than our community banks that understand the needs of the common citizen and are not so greedy and to gamble their neighbors on risky deals.

What a joke. All this money so the rich bastards on Wall Street don't lose their jobs. What about all the regional and local banks that need help? These are the banks that lend to the little guys. Same old crap i.e. the scumbags in Washington looking out for their friends and lobbyists. Sounds more like Russia than anything else. I hope thay all go down. At least the playing field will be leveled. And guess what? I know a lot of people, business people, that feel like a cleansing of these shitheads from the system would be for the best in the long run.

Paulson should be REQUIRING banks to lend this money in return for the favor. If they hoard it we are doomed. By the time they decide its safe to lend there won't be anyone left to lend to. As far as comments suggesting that Obama's tax plan is socialist, WHERE HAVE YOU BEEN LIVING? OUT TAX CODE HAS ALWAYS REDISTIBUTED WEALTH!!! Its called 'different tax brackets'! Its amazing how some people have no clue. GWB and his cronies have led us down the road to ruin in the name of 'free enterprise', culminating in the biggest socialist giveaway of all time. Now, isn't that ironic? And you still believe in the Republican way?? Wake up!

as if this fuctard blodgett ever got ANYTHING right? talk about a contrary indicator... there is a bubble out there - a bubble in way over the top pessism

Let them eat cake, as they have all along.