Fed Announces $800 Billion 'Main Street' Bailout

Is this what Alan Greenspan calls the "new paridigm"?

More debt to keep the bubble inflated. Whoop-de-do. Borrow from Peter to pay Paul. (Don't tell Peter he's probably never going to get paid in anything worth what he lent).

We are in what history will come to call THE GREAT RECESSION - my gosh we are are going to paying this money back for the rest of our lives, then our kids get to pick up the yoke for theirs. We, as individuals can sacrifice and struggle to get out of debt, but our government won't - there is absolutely no such thing as being debt free. We are living in a debtors prison... and I for one and tired of being nervous in the shower!

GSE....What kind of Security to be bail -out.......Under-value ASSET OR Over value asset,or no more valued asset to be bail-out.....Clarify please..........otherwise it will make confusion again......

Johnny Ike your busted. I found a post of yours as Johnny Ike ,using your usual gibberish on Nov 24th timed 12:50 pm ET, followed by a post as Yahoo Finance User answering yourself in normal English at 12:51 pm ET . As a frequent poster on this site I KNOW IT TAKES MORE THAN ONE MINUTE to place a post,have someone read and answer that post.Unless like in that Seinfeld episode that was a magic post or we have a second poster off in shawdows YOUR BUSTED !!!!!

8.2 trillion, bazillion gazillian.... sounds like an Austin Powers movie. Buy stock in printing ink!!!!

New borrowing, and a payoff of indebtedness. Wasn't over extension of debt what broke the camel's back in the first place? Why would such behavior cure economic ills. The big investment banks and financial power houses set up personal enrichment schemes that no one in government or the fed seemed to catch. Why would we think they know what they are now doing? The fed and the treasury are treading water trying to keep our reserve currency status. They follow the same remedy that put us in the untenable position in which we now find ourselves. From the dinosaur

So the stocks are up again, Hey lets start the party we are finally done with the crisis. OOOPS, maybe I spoke to soon. Has anything really changed in the economy yet, have the banks decided not to foreclose on houses ?, Have those who were laid off called back in to work ?, Has all the money lost in 401Ks' been replaced? Has GDP improved ? Are the BIG 3 not needing to be rescued? Will Citigroup return all that money today? If any answer to these questions was yes I might get a little hope, but since the answers are all NO then what does it really matter what the stocks are doing today.

and you thought 700 billon was the end. it just keeps coming wow. the door is open.

Just WTF doesn't the gov't understand about the economy. You can't have a decent economy based on overextended credit. Now we should get more "credit"? I don't want more "credit"!!!! I just want to be able to afford things with cash!!! What's going to happen when no one is paying back that 800 Billion? Interest rates need to be raised to 10% now!!!!! Or we will have massive runaway inflation to deal with.

just unemployed need loan now. trust me i will pay back.

Johnny Ike, I now skip over your posts, they take more time then it is worth to try and decipher them. When I find a subject of interest I carefully read all other posts. All posts hold value, even the ones dripping with bias and hatred or blame. Some show, at least, according to my radar a powerful concern and astute analysis. They all reflect an overall public perception. In all posts isn't there a thirst or need for further knowledge and economic comprehension? How many times will those who hold the purse strings change their minds?

Just throwing good money after bad. I'm waiting for the government's credit rating to be dropped. There's no way (without raising taxes) we will be able to pay this debt off!

So i guess the solution to 35 years of borrow on our equities, and spend of foreign made products, is for our government to borrow a lot more than we did in the past, and spend a lot more than in the past. The spending has to produce a product that we can sell to the world, not spend just to create jobs that don't produce. We already have jobs like that, they are now asking for a handout from our government.

paid my house off. guess will help neighbor now who bought everything will his new loan.

ITS ABOUT TIME TO STOP GIVING MONEY TO IDIOTS!!!!!!! REQUIRE 20% DOWN ON ALL HOMES BEING SOLD AND WATCH HOW THESE JACK A$$$ START PAYING OR LET THEM RENT FOR THE REST OF THERE LIVES. ALSO IF U HAVE A BAD BANK LET GOD SORT THEM OUT NOT THE AMERICAN PEOPLE!!!LETUM FAIL THATS THE AMERICAN WAY, YOU CANT MAKE A PERSON OR BUSINESS SUCESSFUL THAT WAS BORN TO LOSE, WAKE UP

The only way to benefit from the bailout is to get as many credit cards as you possibly can, max them out, and don't pay them back. Yeah dumbass government. That otta work!!!!

I know that there a lot of folks who are attempting to take credit for predicting our current economic situation, but I have had experience with a guy who actually predicting this back in 2003 and 2004. I took an AP Economics course has a HS Senior at The Colony HS in Texas. Our teacher, Coach Franks (I never knew his first name) told us repeatedly that our country was on the way to ruin, so much so in fact, that we got tired of what we considered his 'pessimistic view" of the country and world. He also brought in our ROTC commander (a retired colonel with big-time Middle East and Vietnam experience) to tell us why this war would be an unmitigated disaster. But the main argument that he had for our downfall was the continual drift of manufacturing jobs to foreign nations. he always told us that we had "given away" our place in the World, our economic power, our "good name", and our potential for a brighter future. He challenged us to examine all f the foreign goods that we consumed and made us realize that most of our parnet's jobs were in service related industries or "pushing paper around". When we talked about complicated macroeconomic issues such as unemployment or inflation, he would ususally speak of the future and our dependence on foreign oil would be a huge problem in the future because "everything at Wal-Mart got there on a truck" and when gas prices go up....EVERYTHING goes up. He also spoke a lot about the fact that we were choosing to fight wars that "we won't pay for" and that we our becoming indebted to nations who do not have our best interests at heart. it just seems like everything he warned us about has actually ahppened...its actually kind of scary. I know he may have been overly pessimistic and been a little early...but he saved me quite a bit of money, in April I got completely OUT of the stock market, with the DOW at about 13,000 and put my 401K into bonds/cash. I dont have a lot of money to invest yet....but I woulld have a LOT less today if I hadn't paid attention and seen this train wreck coming. Last I heard he was coaching basketball in a little town called Anna...in east Tx somewhere. I wonder what his reaction is to this...is he apalled at what has happened or is he sitting back and laughing while trying to convince people that he has been saying this all along? BTW...made a 4 on my AP TEST and got all of my college econ out of the way before I ever reached campus and saved my parents thousands in college tuition. I guess paying attention paid off for me TWICE!

How were we suposed to know that people who lied about their income and assets ? Slow help is no help.....

know that there a lot of folks who are attempting to take credit for predicting our current economic situation, but I have had experience with a guy who actually predicting this back in 2003 and 2004. I took an AP Economics course has a HS Senior at The Colony HS in Texas. Our teacher, Coach Franks (I never knew his first name) told us repeatedly that our country was on the way to ruin, so much so in fact, that we got tired of what we considered his 'pessimistic view" of the country and world. He also brought in our ROTC commander (a retired colonel with big-time Middle East and Vietnam experience) to tell us why this war would be an unmitigated disaster. But the main argument that he had for our downfall was the continual drift of manufacturing jobs to foreign nations. he always told us that we had "given away" our place in the World, our economic power, our "good name", and our potential for a brighter future. He challenged us to examine all f the foreign goods that we consumed and made us realize that most of our parnet's jobs were in service related industries or "pushing paper around". When we talked about complicated macroeconomic issues such as unemployment or inflation, he would ususally speak of the future and our dependence on foreign oil would be a huge problem in the future because "everything at Wal-Mart got there on a truck" and when gas prices go up....EVERYTHING goes up. He also spoke a lot about the fact that we were choosing to fight wars that "we won't pay for" and that we our becoming indebted to nations who do not have our best interests at heart. it just seems like everything he warned us about has actually ahppened...its actually kind of scary. I know he may have been overly pessimistic and been a little early...but he saved me quite a bit of money, in April I got completely OUT of the stock market, with the DOW at about 13,000 and put my 401K into bonds/cash. I dont have a lot of money to invest yet....but I woulld have a LOT less today if I hadn't paid attention and seen this train wreck coming. Last I heard he was coaching basketball in a little town called Anna...in east Tx somewhere. I wonder what his reaction is to this...is he apalled at what has happened or is he sitting back and laughing while trying to convince people that he has been saying this all along? BTW...made a 4 on my AP TEST and got all of my college econ out of the way before I ever reached campus and saved my parents thousands in college tuition. I guess paying attention paid off for me TWICE!