Americans, Get Ready for an Enormous Tax Bill

Once the government takes the bad loans, I doubt it will engage in foreclosures. No doubt the dead-beats will be allowed to keep their houses but at a reduced cost. Another taxpayer cost. How fun.

The final cost is always more than the first estimates. As usual, "this is a fine mmess they have gotten us into".

Who's to blame for all of this?? Well apparently we (US tax payers) are. Thanks again Bush and your complete dictatorship! You just bailed out all your CEO friends and left us with the bill...

I hope that after all is done, the people will demand Congress to put all these financial wizards - who put millions in their pockets through all this collapse GO TO JAIL. These guys are bank robbers wearing suits. This is Enron on a massive scale....cooking the books . Where is the rule of law , accountability and justice.

My goodness.

Get Ready for the Great Depression part 2. Thanks Washington and corporate pirates for royally screwing up the country!

so what else is new. the small taxpayers always get the raw end of the deal while the GOP lets their buddies enrich themselves.

Oh, God Forbid you punish those crooks who actually started this. W. is punishing the poor old small tax payer. Why the Hell do I have to bail out the ones who cooked the books, and who get to keep their millions in bonuses??? HUH!!!

I hope that the fat cats that sold America down the river are held accountable. That is for the people responsible for the lack of oversight as well as the perpatrators of this debacle. They should lose all their assets, cash and tangible assests to help pay for this. These people also should not be allowed to earn over minimum wage again. Let them feel some real pain. Yeah, that's going to happen!

So? The Iraq war is costing US taxpayers $500 billion already, and the rescue of our economy and financial system hits much closer home to our collective national and economic security, I expect most Americans if polled would say.

Ahh the cost of freedom!

They will be monetizing all this debt - how else can it be paid for?

This is crap. I believe that we need to make people more responsible for their mistakes because when times are great and some business messes up then it is up to them to fix it. We shouldn't have to pay for the mistakes that others who we have trusted to make financial decisions for our parents and grandparent's 401k's, Mortgages and Retirement. They need to fix it and then they need to re-compensate all of those people that they exposed to financial hardship. It is just another ENRON experience, with a Bailout package. I don't want this in my country and I don't want to see government sticking their nose into Wallstreet when it needs to let the market correct itself. Let the weak and dishonest die out of the system and the strong and honest repair what they can and move forward. Don't resurrect the monster that was already in place that created this issue in the first place. Bad decision making skills starting from the top.

Exaclty. I played by the rules...I can afford my home and I'm making my payments. Our govt is doing everything it can to bail out these companies, yet no instructions or mandate to make those companies work with homeowners to keep people in their homes...just back to business as usual screwing the very tax payer whos tax dollars are now bailing out the companies that are not willing to work with them.

There will be no depression. Early next to mid next year, everything will begin to stabilize again. The system is rigged, but it's rigged to stay alive and make the rich richer. They'll always find a way to prop up the economy and keep it alive and they'll always find a way to make sure the people who are truly in power get the riches they "deserve".

WRONG! Think about it like this I take out thirty mortgages and rent the property everything is going great then bam 10 tenants move out and I can not replace them, so I go belly up, property is still worth money though. Uncle sam picks up the debt and eventually collects on it ( they aint given these houses away) and cleans up tax payer BOON!

For those who say..who cares? They do not know what they are talking about...for those who say let the banks fail..they definelty do not know what they are saying As history has shown us, e.g. RTC the governement made money on that..Chrystler..the gov't made $$$ on that, there are other examples as well..WE must put $$$$$$$$ back into the system and reform it e.g.short selling, normal mortgages

I feel grateful that I'm not an American tax payer while at the same time also get bailed out of my bad US equity investment. Thanks to paulson and uncle Ben.......Hurraaa

Why havent we impeached him yet????????????????????

Brian C and Yahoo! finance User. Waaaaaaaaa, this is what you and our Socialist ilk wanted to begin with. More gov't more cradle to grave. But when Bush does this it's "dictatorship." When Pelosi or God forbid that ACORN kook Obama do it, this will be "leadership and compassion." So now people getting to keep their homes is a bad thing, it's only bailing out "CEOs" ? Whiskey Tango Foxtrot you two mutton-heads are hilarious