Is the financial meltdown a grave and gathering danger? Really?

[gulliver]

Given that we are getting this alarm from Bush "experts," is there any reason to believe it at all? They stampeded people over non-dangers (WMD-less nobody Saddam Hussein, threat level orange) while they played down real dangers (Afghanistan, levees, financial problems, Pakistan's Musharraf ouster, China's rise). These Bush "experts," who have proven themselves to be nothing but dogma-spouting, Bushie loyalist idiots and cronies are now going to get their greasy, fumbling, stupid fingers on $700 billion with no strings attached?

I wouldn't trust these thieving imbeciles with $7. They can go straight to hell. Jail, then hell.

[yourout]

1. If they were saying it was nothing to worry about then I would REALLY be worried....

Bushco is opposite world.

Good is bad and bad is good.

[readmoreoften]

4. Well now they are basically saying just that: problem solved.

And what if it is solved? I'm more scared of neoconservative solutions than problems.

[liberalmuse]

2. For the CEO's, market gamers and the wealthy domestic and foreign investors...

and they're trying to scare us into becoming the scapegoats.

[no_hypocrisy]

3. It's never in our best interest when * entreats "We gotta act fast!"

[readmoreoften]

5. Act Now! Limited Time Offer! All Sales Final!

[yourout]

7. Your right.....it sounds like a going out of business sale.

[magellan]

6. The alarm I'm paying attention to is about the effect this bailout will have on the dollar

We think inflation is bad now....

A $700,000,000,000.00 giveaway to the financial markets will hurt, not help, the economy.

[Warpy]

8. It's been a grave and gathering danger for about a year

August, 2007, was when financial institutions started to look closely at their balance sheets and discovered if they eliminated all the CDOs, SIVs, and other derivatives, they'd all be insolvent and have to declare bankruptcy.

It's been one failure after another as smaller banks, bigger brokerages and others have been forced to find buyers or declare bankruptcy. GOP fat cats have been watching their cash cows dry up and have started to hit the panic button.

The rush now isn't because conditions have changed. The drumbeat of failures and buyouts hasn't increased. The rush is to salvage something of the credibility of their economic dogma by doing exactly the opposite before the balance of power changes. They are shoring up the fortunes of the wealthy as they preserve the institutions the wealthy depend on.

Unless we live in a cave somewhere, we depend on those institutions, too. However, the blank check the GOP wants should not be on the table. There should be strings the size of suspension bridge cables attached to every cent of it.

We'll have to wait and see whether enough Democrats are angry enough to do something about it.