Comments on: Just Say No To The Bailout From Hell

By: Chris Hutcherson

Chris Hutcherson — Thu, 02 Oct 2008 17:17:44 +0000

Is this 700 billon dollar bailout good for either Obama or McCains presidential chances ?

By: iris claire blutreich

iris claire blutreich — Thu, 25 Sep 2008 21:09:54 +0000

I think that this is the most immoral solution. Since Reagan decontrolled the banks, all the decency has left the financial market.

Why anyone would take worthless loans and mortgages and package them as financial instruments? This is just another Ponzi scheme. Ponzi went to jail and died there. All of those esteemed crooks who trafficked in this garbage should be jailed and their assets seized – (money, cars, multiple homes all over the world, airplanes, yachts) and sold to pay back every cent.

By: SplendidMarbles

SplendidMarbles — Thu, 25 Sep 2008 20:00:17 +0000

I agree with your assessment. This will most likely prove to be the largest band aid to date, but the problem will not be solved with such massive, yet hasty actions.(Actually, I think that they are a making a fist and shoving it in the dike.)

But, it is not only the financial services industry that is to blame. Like drug dealers, they needed addicts to thrive. And the US has millions of credit-junkies. I wrote a piece today about this aspect of the financial crisis. Please check it out:
http://splendidmarbles.com/2008/09/25/commentary/bitter-bewildered-and-befuddled/