Tell me if I'm wrong, but, don't we keep bailing out industries that are "in crisis"?

[jazzjunkysue]

And, doesn't this always come out of the federal accounts, meaning, our tax dollars?

Isn't this just another chance for the multi nationals to pick our pockets?

Personally, I'd like to see all the private depositors refunded and then each bank closed. Permanently. I'd like to see whatever licences these bandits hold revoked so they can't ever do this again.

We "bailed out" the insurance agencies, and the arilines then the savings and loans, now anyone who was invested in real estate.

Excuse, me, but, who's bailing out americans who can't afford health care?

I want all this bailing out to stop. People have to be responsible for their own mortgages and sell if they lose their jobs.

And the banks cannot just keep de-regulating and speculating out of control.


Fire and jail anyone who's been cooking the books. Make it dangerous to live outside the law.

This shit has got to stop.

[noiretextatique]

1. i wish someone would bail me out

i would be far more productive without my debt, and it would cost much less than bailing out freddie and fannie.

[Kutjara]

2. Remember, the Republicans are all about letting...

...the invisible hand of the marketplace separate the wheat from the chaff. Unless, of course, the chaff happens to be a big GOP donor, in which case it will find itself quickly redefined as "wheat substitute" and handed pots of taxpayer money.

[HowHasItComeToThis]

4. IT'S THE PAYOLA, STUPID

[Muttocracy]

3. so much for the free market - some wise person posted on DU that

profit is private, risk is public.

[alstephenson]

13. Here's another one-liner for you.

Daniel J. Mitchell, a senior fellow at the Cato Institute: "Capitalism without losses is like religion without hell."

[Muttocracy]

15. ugh. nt

[jazzjunkysue]

18. Yep. It's not possible for someone to gain money unless someone can lose it.

You can't have a casino letting everyone win.

[zeemike]

5. I am with you on that

But it's not gonna happen, because when they bail out the rich corporations they, the politicians get a kick back into there campaign funds, or their relative gets a contract ot something.
Ordinary people don't have the loot to bribe the politicians.

[MadMaddie]

6. The only way that it will stop is to let these companies fail

The companies who only work for their stockholders and not the common good of Americans and the companies who have lived by the Rethuglican "Free Market mantra.." Let them fail. All the bailouts are doing is prolonging the inevitable....the Airline industry is a perfect example.

[aspergris]

7. except...

"Personally, I'd like to see all the private depositors refunded and then each bank closed. Permanently. I'd like to see whatever licences these bandits hold revoked so they can't ever do this again. "

In many cases, you are not going to see the depositors refunded, let alone those that hold their bonds etc. unless a bailout occurs.

Sad, but true.

I have a friend who trades bonds and he actually had a very good heads up on the coming bear market in financials long before it hit the tape. There was literally NO bid on all sorts of bonds

[napi21]

8. I agree that all the law breakers should be tried and jailed, but I

also understand why it would be worse for everyone if some businesses went out of business. I look back to Chrysler when they received the loan guarantees. If Chrysler had not survived, many thousands of people would have been out of work! BTW< THEY did pay the loans back, and did it early!

Since almost all Americans are invested in 401K accounts, we all suffer from the failure of businesses like Fanny Mae and Freddie Mack.

I don't like bailouts any more than you do, but if you look at the broad impact of failure of some companies, it just might be in all of our best interest to prop them up, and also toss their crooked bosses in jail at the same time.

[Ghost in the Machine]

9. Did you expect anything less from our Corporatacracy??

Hey, we gotta keep the corporate fatcats fat, ya know? Why do you hate Corpmerica?

[PoiBoy]

10. It's the Republicon way...

...privatize the profits, socialize the risk...

[jazzjunkysue]

16. I'm saving the link to that photo for the next time I hear something bad about

Barack in the news. Thanks!

[PoiBoy]

19. .

:hi:

[SoCalDem]

11. During republican admins, we do..

I have a sneaky feeling that georgie had planned to stall until he was gone, and some of the business people said.. no wayyy.. We're bailing NOW, while congress still had plenty of "friends"..

[Breeze54]

12. It's called Corporate Welfare!! Good for them but NOT poor people!!

:grr: :nuke: :grr:

[rucky]

14. Yes, we do.

Yes, it does.
Yes, it is.

Nobody.

[Prisoner_Number_Six]

17. Didn't you know? Corporations are more human THAN human.

Naturally, they deserve more help than us mere one-vote citizens. Duh.

Oh, yeah- :sarcasm:

[Political Heretic]

20. Privatized Profits; Socialized Losses. Welcome to American Capitalism.

[jazzjunkysue]

25. Youo've got it all in that one statement. Did you coin that?

[TexasObserver]

21. it's Socialism for big business, and rugged individualism for the people

The biggest welfare recipients in America are big businesses, particularly banks, other lenders, investment houses, insurers, and defense contractors.

[Quantess]

22. You're so heartless and mean.

Don't you have any compassion? Can't you see, the financial institutions just want a hand-up, not a hand-out?

[gulliver]

23. Huge Republican rip-off

Republican-supporting crooks pay Republicans to allow our economy to be looted. Then Republican leaders paper over the fraud and "Republican legalized embezzlement" with taxpayer money. It's pure theft.

[formercia]

24. LLP & LLC

Laws are for Little People

Laws are for Little Companies

[Truth4Justice]

26. Why did we bail out Chrysler? Studebaker and American Motors needed a bailout too, for that matter.