I dont get it... Why bail these companies out. The CEO's are left scott free and do not get to payback the tax payers that have to bail them out.

I think accounts need to be seized and people need to start rolling to jail... I cant even think about what any of the presidental hopefuls have to offer to fix this mess. We need some old school 1930's-1940's president.

Save your cash kids.. Buy a gun now why you still can... You might need to protect yourself.



SAN FRANCISCO (CBS 5) ― Bay Area residents are overwhelmingly negative about the current state of the economy and think it is only getting worse — with 80 percent saying the fundamentals of the U.S. economy are not strong and 62 percent believing that the nation is headed into a depression, according to a new CBS 5 poll.

And for many, that economic negativity hits close to home:

— Nearly 6 out of 10 (58%) have lost or know someone who lost their job recently.

— Almost half (49%) are concerned that the bank where they keep their money could fail.

— Nearly two-thirds (65%) are spending less than they did a year ago.

— 1 in 10 (10%) have fallen behind on making their mortgage payments.

So, what does the Bay Area think of the idea of the U.S. government bailing out Wall Street?

The largest group of respondents, 43 percent, believe that major institutions should be allowed to fail, compared with just 28 percent who support government bailouts.

The CBS 5 poll was conducted by Survey USA on Wednesday, Sept. 17 with 500 Bay Area adults, including 279 who hold mortgages. The margin of sampling error is plus or minus 3.5 to 5.1 percentage points.

 

The US needs to start making cool cars so we stop giving our money to Japan!

 

An american made electric ferrari killer in every driveway.

 

researchers said u.s is going into depression in couple of months, this was said couple of months ago and the government said there is nothign to worry about.


look at us now.

it was april that gold rose to over 1000 dollars for the first time in history, its climing back up again from low 800 a week ago. yesterday gold jumped up 85 dollars and 40 dollars again today, its at 918 last time i checked.

 

AMEN to that!

 

I think the reason the US gov't is bailing out a lot of failing companies is so that people don't panic and immediately sell their stocks, much like how the Great Depression was

 

Let's see here...if I was paranoid, I would say that these same companies are the ones who hold and sponsor huge fundraisers for government officials, donate to campaigns and generally directly/indirectly in one way or another subsidize all the cushy perks that government folk has gotten used to for keeping it business as usual...So it is in their best interest to keep these piggy banks afloat

If I was thinking more logically...I have to agree that may be the government is trying to prevent thousands of people loosing jobs if these companies were to go bankrupt. Obviously, as a previous poster mentioned, it would also negatively effect the economy or probably expedite what is going to happen anyway...

I would say there is probably a combination of politics/personal gain as well as real world impact that is behind the government actions...

 

I put my 401k into the stable fund 2 weeks ago - This economy is jacked and things are just going to get worse, I especially like the dead cat bounce today on Wall St.

Time to invest in water, canned goods, rice and guns n' ammo *puts on tinfoil hat*

 

the only reason the gov. put the 85mil bail is so that the companies could have Temporarily function and sell off the parts of other companies that they own. and with that money, the companies would be able to function solo.

econ class helps!

 

They are doing this so that Foreign Investors get paid.

 

http://www.egmcartech.com/2008/09/23...ar-with-lotus/

Sell it for under $35k!

 

look on the bright side, it would be cool to have your picture in the school textbooks of 2108 standing behind a Subaru with a sign that says "$1000 buys this STi." in front of the stock market.

then Billy asks, "Ms. Robotron, what was a Subaru?"