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$700 Billion Wall Street Bailout

28 Votes
  • Start Date:
    9-24-2008
  • Last Vote:
    10-27-2009

Description:

Treasury Secretary Henry Paulson is asking Congress for $700 Billion to bailout Wall Street by purchasing mortgage-backed securities and other asset-backed or non-asset-backed securities or loans.

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dont bail them ou. i say we just fall and pick ourselves up. im part of the percentage of americans who make next to nothing but yet i know that if i fall its my own **** fault and i dont expect noone to bail me out. ill get up on my own with experience as to how to avoid falling again.
The population of the United states, as of October 19, 2009 was just under 308,000,000 men, women and children. Divided amonst all of these people, 700 Billion Dollars would give every person just over $2,272. Using these figures, a family of 3 people (Husband, Wife and Child) would recieve $6,816. A family of Five would recieve $11,360. Can you imagine what a bonus like this can do for America. It would not be a fix all for the families. But it would buy home owners valuable time as they pay off a substantial part of their mortgage. The banks would be flush with money they could loan as the loan payment started pouring in. This is a much better solution than giving it to the bankers who created this mess and allowing them to give themselves multi-Million Dollars bonuses.

It is only the banks that are getting bailed out what about all the everyday people who lost money are they going to give them their money back?

The media is reporting the executives have obviously not learned their lessons by continued financial abuses occuring. I really believe the government would have seen a better return on their investment had the $700 billion been given to every American adult (age 18 and older). You figure over $500,000 (minus obglitory taxes)and that still is a great sum of money for investments, paying off debt, buying newer cars, expanding businesses, etc.

I'm surprised that Obama and McCain haven't been getting more flack for voting 'yay' to this bailout.

Write in Rep. Ron Paul -- who, in my opinion, is getting far too less attention for 'bashing' the bailout bill...

Mr. Paul's been bashing ALOT of the BS politics of the washington mainstream. Including the BS of the democraticly controlled house and both parties candidates. GOOO RON!!! More and more people are getting pissed off at both parties and need someone to rely on and trust.

nobody bailed us out after being rapped buy our morgage company. so let them crash i'm already broke

Split the $700 billion up amongst the +18 year old Americans and we will infuse and restore the market naturally. done.

I feel a better solution would be for the government to use the $700 Billion to pay off the loans and give the receipts free and clear to the people. Then recoup the money by raising the taxes on the companies or setting them up on a monthly payment plan plus interest. These companies are responsible for this situation and these same companies should repay this money to the government. This would keep the economy afloat, help the common person and repay the debts.

Audrey H.

They are asking us (tax Payers) to bail out the very people that deny loans to hard working people because they dont have the colateral or assests necesary to back the loans they apply for. I am not speaking of those with bad credit either! thses lenders thought we were not good enough to loan money to (other than the home loans they gave to anyone who applied). Now we are suppose to bail them out! I always thoght when the tables turn in life it would feel good. This sure doesn't

I think the $700 Billion bailout is the wrong way to go. They are only putting a bandaid on the larger problem. The real problem is that not only do these companies approve huge loans thay know the people cannot afford to pay but the companies themselves, be it a loan company or a credit card company, has too much control without consequences. They can raise your interest rate without reason, call in the loan at a whim and ruin a persons credit report with false or misleading information. All without a person having a real viable legal recourse. And the government allows this. Or rather we the people allow this. Have we learned nothing from our past. If we stand united on these issues and push our representatives to address these issues in a way that benefits and protects us (the ones who elected them to office) then things may change. Remember people we put them in office and WE can take them out by not re-electing them!!!

A. Hedrick

I think something needs to be done so the whole economy doesn't go under, but I'm not sure borrowing $700 BILLION and giving it, unregulated, to the same greedy people who caused most of this mess is the right way to go. I can't justify going $700 billion further into debt in the HOPE that it will restore confidence in the market. What happens if it doesn't? And what about the people who are loosing their homes? They should have known they couldn't afford the loans they were getting into, but it's not their fault that they were taken advantage of. This bill provides nothing for the average person except more debt - while the rich people at the top get handed a check.

Let's give the same people that caused this world economic disaster 700 billion dollars today and while we're at it lets get ready to give them the 1.4 trillion dollars in a few months to clean up after they have squandered this money like they did to their money.

I also hate that they are rushing this bailout.

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