[JonnTEN]

Originally posted by DanS
How about the congress and White House have some spine, and says no thanks to blackmail? Sure, and we can just pretend like we are trying to avoid recession with some stupid fake rebate checks.

[NumDusthouh]

Maybe the top executives at these banks and other financial companies should forgo bonuses this year. Maybe they should be accountable, instead of holding out their hands for welfare.

-Arrian

[nuveem7070]

Originally posted by DanS
These requests just make me spit nails. Mostly, they would be bailing out the overseas (Japanese, Swiss, etc.) banks who hold those subprime mortgage securities.

F that! From the article.

"Borrowing costs for city governments and consumers could rise."

[metrocartockasur]

Well, to be perfectly accurate, many of the big guys prepared the securitized packages for those who originated the loans, so their hands aren't clean. You're right that f.e. the Japanese banks appear to be only investors.

It would be a bail out for all these folks.

[Vzkdgdqx]

What harm would be done to the economy if:
a) These banks were forced to stop lending nearly at all due to overly low cash-on-hand levels?
b) These banks went bankrupt?

If 'none' or 'relatively little' is the answer, then definitely no bail-out.

If 'lots', then something needs to happen to protect the 'little guys', no? I'd be fine with something that massively penalized these banks ...

Perhaps nationalizing any bank that is going to go under as a result

[limpoporanique]

Everyone believes in the Free Enterprise system except for capitalists.

[dafodilkemmy]

Originally posted by Aeson
I wud like to be bailed out plz. Can I has $20billion? I don't have that much, right now. Once I get my bail out money, I'll give you a cut.

[bypeTeenehalT]

Think up some plausible blackmail and hey, the congress might spring for it.

[egoldhyip]

Originally posted by DanS
Think up some plausible blackmail and hey, the congress might spring for it. It's gonna help a lot if you are a banker or something like that.

[nobodyhere]

Free enterprise works excellently, except when it doesn't.

[citicroego]

Do not bail out the banks, do not go out to avoid recession, Japan tried that in the 80's and 90's and stagnated for 15 years or so. Let the problems work their way through the system, and many of the imbalances in the American economy will reduce. A short recession that will result will allow sustained growth in the years to come.
Also elect a government and president who will control the deficit better than those you've had recently.

[inmeirulez]

Sure, some will blow it on more crap they don't need, but I have a feeling most will pay down their debts with it.

What makes this even more funny is that the majority of Americans getting rebate checks are uneffected by the downturn as of yet.

I am going to buy a grill

[Proodustommor]

All I know is that when I receive my stimulus check in May I'm going to spend it ................................... on electronics stuff from Japan!!!!!!