Comments on: Rescue plan may be a good investment; other views

By: mary

mary — Sun, 28 Sep 2008 08:48:05 +0000

Bailout = good if it is a loan and not a gift.
Laws and regulations need to be put in place that will help prevent another hoopla.
The reason stocks are going down – (and down in price) is because smart investors are removing their money and putting it into secured or FDIC insured accounts in small sums (to spread the risk.)
I would like to see the few who have multiple homes in a variety of countries be held accountable. How many does McCain Have again? And how is his money invested? And what boards do members of his family and close friends sit on?
The shareholders and voting board members are a lot to blame for this. We need to review ALL the annual reports and mechanism in place for dividend pay outs, bonuses, etc…. WHO ARE THESE PEOPLE IN THE DECISION MAKING ROLES????
Now to be sure and spread the pointing finger around. Who again, exactly, makes up the financial advisory team for Obama???? Is it the heads of Fannie & Freddie??? I heard a rumor – is it true?
Fannie and Freddie are responsible for buying most of the home lending money on Wall Street and then reselling it at a discount for increased cash flow back to the end user (home buyers) A viciously fast moving proverbial circle. The Fannie and Freddie teams held a monopoly of sorts and lenders were required to offer more products to consumers -at their own expense. The resale value of those loans fell as homeowners bellied up. Fannie and Freddie would not pick them up and smaller banks began the run for the door. Then Fannie and Freddie tightened up their own lending guidelines (which in turn turned on the home market) Less money to purchase with because of tighter rules and agreements to lending (called guidelines) meant the market had to respond with a compensating move, and prices began to drop in the hopes that might spur home sales to increase.
This is not just a comedy of errors but one for the textbooks.
One of the first signs that something was amiss was when the supporting industries of home furnishing, remodeling, etc… began to run aggressive sales – not to compete but to make payment on net 30 bills for goods. Another indicator was lottery sales increase as people lose jobs, need extra money, and become more desparate. Also, Indian Gaming should have shown an increase in revenues in the last 18 months. Church attendance might go up.

By: Lynn David

Lynn David — Sat, 27 Sep 2008 01:15:23 +0000

Obama is optimistic, McCain is also….
BTW… you read the National Review, do you also read Kathleen Parker’s columns there? Palin Problem: She’s out of her league

If BS were currency, Palin could bail out Wall Street herself.
If Palin were a man, we’d all be guffawing, just as we do every time Joe Biden tickles the back of his throat with his toes. But because she’s a woman — and the first ever on a Republican presidential ticket — we are reluctant to say what is painfully true.
What to do?
McCain can’t repudiate his choice for running mate. He not only risks the wrath of the GOP’s unforgiving base, but he invites others to second-guess his executive decision-making ability. Barack Obama faces the same problem with Biden.
Only Palin can save McCain, her party, and the country she loves. She can bow out for personal reasons, perhaps because she wants to spend more time with her newborn. No one would criticize a mother who puts her family first.
Do it for your country.

By: Drowssap

Drowssap — Fri, 26 Sep 2008 22:39:05 +0000

The bailout plan is a tremendous deal… for Wall Street. If it goes through as planned the USA will transfer something like 5% of the entire U.S. economy to large banks. The stock market had BETTER go up after that kind of infusion.
The plan does nothing to prevent further deterioration in housing prices, employment, bankruptcies, etc. etc. Last month home prices fell 5% in California. As home prices plummet banks will continue to fail and credit markets will remain tight. Would you loan money on assets that fall in value month after month? Nope. Why would banks be any different? No matter what congress does credit is going to be tough to get.
Prices need to bottom out and stabilize. When they do we won’t need a bailout. Banks will begin to loan again and prices will slowly climb as wages increase.
I lost all respect for Bush after this one. This is white collar crime done right out in the open.