Bailout/Regulation: For or against?

  1. You have chosen to ignore posts from lrecliner. Show lrecliner's posts

    Bailout/Regulation: For or against?

    Ok, enough of the pissing contest as to who is to blame for the credit crisis. What's done is done. We have now become de facto investors in AIG and I doubt we are going to see any ROI. As a caller on the Jay Severin show said last night, we are like the rich uncle that gives his nieces and nephews money without getting any in return. Is it still in our best interest though? We seem to be getting some kind of armegeddon scenario if we don't pitch in and help.

    The question I have for this esteemed panel of lefties, righties, and independents is are you for or against the bailout and why. Are you for or against tigher regulation and why?

     
  2. You have chosen to ignore posts from macnh1. Show macnh1's posts

    Bailout/Regulation: For or against?

    Ready for this. I have no specific opinion in these cases. I don't know enough about them.

    However, I am uncomfortable with the general idea of the American taxpayer bailing out private/publicly traded companies.

    If you make poor decisions in business you pay consequences. If you make the right decisions you get rewarded. Screwing up and having ME bail you out sends what type of message?? Are we setting a really bad precedent here??

    In principal, the US government has no business saving failing companies when IT is so far under water.

    Forget about learning Spanish. It's time we learn Chinese because just behind the scenes of ALL of our money lies the People's Republic of China. It's getting to be very scarey. We need some fiscal responsibility in the US government immediately.
     
  3. You have chosen to ignore posts from scauma82. Show scauma82's posts

    Bailout/Regulation: For or against?

    some bail outs are necessary, if AIG failed a whole lotof people would be out of a job. that particular company had far reaching ramifications on a lot of ther companies. to much bailout will bring us close to a communist/socialist society, which i'm sure some people would want.

    there does need to be more regulation to deter things like price gouging on gas.
     
  4. You have chosen to ignore posts from TheArtist-formerly-known-as-Boo. Show TheArtist-formerly-known-as-Boo's posts

    Bailout/Regulation: For or against?

    Scauma, I agree. Regulating BS practices is a must. These wiz kids created products that were based on air, mortgage backed securities are relatively new, as are hedgefunds (bets against or for whatever you like). To let Wall Street play with money like it is Las Vegas is a huge mistake and here we sit.

    Take a look at BoA, they got out of the game early and are in reasonably good shape. Bear and Lehman stayed in the game and well "beneath the waves". Right now I hate to say our best hope is in the hands of Bernanke and Paulson, but I would prefer a larger plan and NOT one devised by Congress.
     
  5. You have chosen to ignore posts from ManOnTheSilverMountain. Show ManOnTheSilverMountain's posts

    Bailout/Regulation: For or against?

    No bailouts. Let them eat cake, they reap what they sow, etc. etc.

    Tighter regulations would have prevented this, of course! Financial companies are greedy and people are dumb. The greedy financial company dangles the subprime loan carrot in front of the poor, greedy, stupid consumer, and this is what happens.

    You can preach "personal responsibility" or "corporate responsibility" or both, but the fact is that that is an ideal, not the reality of the situation.

    One of the few instances where both need to be protected from each other.
     
  6. You have chosen to ignore posts from mhc90. Show mhc90's posts

    Bailout/Regulation: For or against?

    [Quote]some bail outs are necessary, if AIG failed a whole lotof people would be out of a job. that particular company had far reaching ramifications on a lot of ther companies. to much bailout will bring us close to a communist/socialist society, which i'm sure some people would want.

    there does need to be more regulation to deter things like price gouging on gas.[/Quote]

    Little as I like these bailouts, it's about more than just lost jobs, it's about the investments they'd take down with them. These companies were considered "too big to fail", and too important to the overall economy to fail. Lessons were not learned from the 1980s housing bubble, the S&L crisis, etc. The financial industry has proven they won't regulate themselves, because they want big money fast. I'd rather see more regulation or a "No Bailout" policy--if you fail, too bad. AIG, Lehman, Fannie, Freddie, etc, all went begging to the government because they knew they'd get something (most did). Sadly, government regulation may be the only way to keep these folks in check.
     
  7. You have chosen to ignore posts from scauma82. Show scauma82's posts

    Bailout/Regulation: For or against?

    it's not simply overzealous hedge fund managers and greedy ceo's, our system breeds certain character traits. there's a reason why most all politicians are corrupt, lying weasels, which is why palin will get a pass regarding all this troopergate nonsense in AK, just like obama walked away relatively cleanly from rev. wright and some of the other connections that were really muchado about nothing, and mccain has skated from his numerous, repeated bone-headed statements. people are what they are but for some reason we expect some people to exhibit a certain moral fiber none of us are currently living up to. yes a ceo may rip off his workers but in the grand scheme of things is that any different than not giving the waitress back the extra change when she gives you too much? our society, love it or hate it, often times brings out the worst in people as they try to carve out their piece of the pie.
     
  8. You have chosen to ignore posts from ManOnTheSilverMountain. Show ManOnTheSilverMountain's posts

    Bailout/Regulation: For or against?

    [Quote]Little as I like these bailouts, it's about more than just lost jobs, it's about the investments they'd take down with them. These companies were considered "too big to fail", and too important to the overall economy to fail. [/Quote]

    So? What lesson will they learn when they get bailed out? "Oh, it's OK if we overstep our bounds, we're too important to fail."

    F 'em. You reap what you sow. Make an example of them. What happens happens.
     
  9. You have chosen to ignore posts from ManOnTheSilverMountain. Show ManOnTheSilverMountain's posts

    Bailout/Regulation: For or against?

    [Quote]which is why palin will get a pass regarding all this troopergate nonsense in AK, just like obama walked away relatively cleanly from rev. wright [/Quote]

    It's OK to be politically corrupt but not to cheat on your wife

    Screwed up morals in this country
     
  10. You have chosen to ignore posts from mhc90. Show mhc90's posts

    Bailout/Regulation: For or against?

    [Quote]

    So? What lesson will they learn when they get bailed out? "Oh, it's OK if we overstep our bounds, we're too important to fail."

    F 'em. You reap what you sow. Make an example of them. What happens happens.[/Quote]

    This is why I don't like bailouts, they don't learn anything. These companies should have had government doors shut on them, not opened wide. Too much corporate welfare going on. Maybe the oil companies could donate some of their profits to AIG or Fannie Mae?? Again, there is hypocrisy--many of the same folks who are all about personal responsibility and cry about welfare are okay with handing out billions to corporations. The "Drill baby drill" crowd wants to give the oil companies money to drill as an "incentive". I give up. Weren't we going to move to the moon to party??
     
  11. You have chosen to ignore posts from easydoesit2. Show easydoesit2's posts

    Bailout/Regulation: For or against?

    The bailouts are OK if they are to make sure the clients aren't destroyed. The companies and their execs must be HEAVILY regulated since they have proven time and again that they must be to prevent abuse and recklessness.
     
  12. You have chosen to ignore posts from ManOnTheSilverMountain. Show ManOnTheSilverMountain's posts

    Bailout/Regulation: For or against?

    [Quote] Weren't we going to move to the moon to party??[/Quote]

    Oh, yeah, I forgot about that.

    Look, shiny!

    Let's party!!!
     
  13. You have chosen to ignore posts from lrecliner. Show lrecliner's posts

    Bailout/Regulation: For or against?

    [Quote]

    This is why I don't like bailouts, they don't learn anything. These companies should have had government doors shut on them, not opened wide. Too much corporate welfare going on. Maybe the oil companies could donate some of their profits to AIG or Fannie Mae?? Again, there is hypocrisy--many of the same folks who are all about personal responsibility and cry about welfare are okay with handing out billions to corporations. The "Drill baby drill" crowd wants to give the oil companies money to drill as an "incentive". I give up. Weren't we going to move to the moon to party??[/Quote]

    What about the hypocrisy of the left who is a-ok with giving billions to individual welfare and then all of a sudden turn into Adam Smith when it comes to the bailouts?
     
  14. You have chosen to ignore posts from mhc90. Show mhc90's posts

    Bailout/Regulation: For or against?

    [Quote]

    Oh, yeah, I forgot about that.

    Look, shiny!

    Let's party!!![/Quote]

    WAHOO--get me away from the wingnuts...one guy has a thread accusing Obama of hacking into Sarah Palin's email, and calling for his resignation. Calgon won't do it, Dozey, take me away!
     
  15. You have chosen to ignore posts from ManOnTheSilverMountain. Show ManOnTheSilverMountain's posts

    Bailout/Regulation: For or against?

    [Quote]WAHOO--get me away from the wingnuts...one guy has a thread accusing Obama of hacking into Sarah Palin's email, and calling for his resignation. Calgon won't do it, Dozey, take me away![/Quote]

    Apparently, they come out of the woodwork during an election year....

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    BLASTOFF!
     
  16. You have chosen to ignore posts from ManOnTheSilverMountain. Show ManOnTheSilverMountain's posts

    Bailout/Regulation: For or against?

    [Quote]What about the hypocrisy of the left who is a-ok with giving billions to individual welfare and then all of a sudden turn into Adam Smith when it comes to the bailouts?[/Quote]

    Social welfare also needs to be regulated, I think. I've known people who need it and others who use the system. (A certain family member has been collecting welfare for years and has nicer things than I do.) Keep tabs on recipients. They use their welfare money for what they don't need? Take it away. They're not judiciously looking for work? Take it away. Faking the inability to work? Take it away. That too can be more efficient if regulated properly instead of being a handout.

    At least the corporations are supposedly paying it back....
     
  17. You have chosen to ignore posts from IamYourDaddy. Show IamYourDaddy's posts

    Bailout/Regulation: For or against?

    Like it or not the Fed had no choice but to help AIG. AIG insures alot of debts from alot banks, so if they go under then we have real panic in the market

    I'm fine with this bailout and to break it down .... The Gov loan AIG 85 billion and own 80% of the company, so that mean the whole company is worth around 100 billion dollars
    AIG has asset in 130 countries in total about 1 trillion dollars, The Gov gave them 24 months to liqudate their assets and to repay the loan. AIG still has decent assets on their book (life /auto insurance etc... and is doing quite well). The chance is very good that the GOV (taxpayer) will see their return plus profit. This give AIG time to sort things out and rebuild their company and calm the rest of the market

     

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