As banks falter and markets melt around the world, government officials are scrambling to stop the bleeding. Treasury Secretary Henry Paulson worked feverishly to get his $700 billion rescue bill passed and Fed Chairman Ben Bernanke gives his economic outlook later today.
We want to know if you would replace either official—and if you would, who would you want to take his place?
The democratic congress should all resign... but remember they will will all get their full salaries and get free medical for he rest of their lives... yep... corporate greed in government.... People keep putting these buffones back in office becasue they gon't care... I live in Illinois... and we have the most corrupt government, from the Govenors office to Cook County, the City of Chicago, Even Mr. Obama... be careful if you vote for him
Rich F...
It is a simple and short answer
Democratic sponsored socialism and greed with Fannie and Freddie..Nancy..Barney..Dodd and the rest should be hung in front of the capital...THey sold their soul on the backs of AMericans...Barney Frank never thought he would be caught becasue he never thought Freddie and Fannie would go bust.Bill O"Rilley did the right thing (a bit vaudvillian) but he exposed the beast....now the dominos will fall on those that chose to prosper on the back of tax payer..The bell has toll for you Barney and the rest of your conspirators
Who should get the boot??
The Democratic congress who refused for several years to pass reforms that would have protected us from this...even though the White House and the Senate passed them...and...who refused as well to pass a plan for the President's call for a comprehensive energy plan...7 1/2 years ago! The elite dems are so deluded...they actually thought high oil prices were good for us...so that we'd all spring for windmills!
The high oil prices were brought to you not by the oil companies...but by a conspiracy of stupidity and
cowardice that would like to see us socialist.
It's beyond me why some people believe the government can provide a solution and fix this mess? The government caused this mess. The people that think the Fed is the answer are also the same idiots that want to hand the healthcare system over to them. I always ask these people, "If you think the government is the answer then name me one program or department run by the federal government that is not a complete mess and massively in debt"??? Of course, None of these people have an answer because there is NO PROGRAM or DEPARTMANT that the Fed is in charge of that is not a total mess and massively in debt.
It appears, after significant declines so far this week, that noone knows what to do. Continuing what we have done in the past with all the "best intentions" has proven disasterous. I was approaching retirement in 5 or 6 years, now I am going to work until I physically can't and will pray daily for my daily bread and feel blessed with that. Americans need to wake up to the reality of basic needs, which will surely go up in price dramatically. Save now and get down to basics.
As to those responsible, the whole team committed in the wrong direction! Who to put in to replace them? Wow, that is the toughest question of all. I didn't favor the bailout and would just as soon see all those who supported it, including Obama and MaCain, be given the boot. So who to be President? The least of the two evils I guess...neither one are special interest free enough to lead.
Joe
Kevin,
I agree with most everything you said, but currency has to be backed by something and with the fluctuation of Gold, it is almost better to be in the tank...and I am not sure if tying it to population is the answer..but I do get the GDP statment and that makes absolute sense..Spoken like a true Economics grad!
We should elect a complete cadre of Senators and Congressmen. We have been sold out and I fear that Socialism is the next step. Our children will have a long, rough road ahead, thanks to our failed policies and lack of fiscal discipline. The government should not be involved in the things that they are delving into, period. Where is common sense when you need some. we are largely, spoiled and a recession may be just what the doctor ordered.
I have absolutely no sympathy for the people that took out mortgages that were way beyond their means and now can't pay for these McMansions. A lot of these people also financed their cars, furniture, big screen TV's, appliances and then took out home equity loans to buy more things they didn't need. I've tried to be responsible with my money and I could barely afford to live. Why should I have to suffer because these people wanted to be greedy and live way beyond their means?? Whatever happened to self responsibility? You make a risky gamble and lose, That's your problem. You suffer the consequences.
Frank, Dodd, Rines - sue them for covering the fact and destroying America economy. They are traitors. Add Obama and everyone who took bribes from FM & FM. Add Carter for intiating the process and Clinton for giving it a green light to today. Just think. The only two Dems administration in the last 40 years created so much distraction with their liberal agenda. Do we want another 4 years of Obama to pile on a top of it? I don't and we are a country of idiots if we let Dems to have the White House, senate and congress. That will finish America.
I think Ben Bernanke and Henry Paulson should be fired! Bailing out a corrupt system of greedy CEO's will ultimately not benefit Americans. In addition, why is it that, even though this bailout plan is unpopular by a majority of people, our representatives in both the Senate and the House do not represent us? Ridiculous!
Just get ALL of the idiots out of D.C. We, the American people have to be flat stupid to keep reelcting the likes of Barney Frank, Pelosi, Reed, and yes 90% of the "Republicans" too. We must wake up. My kids will live in the Socialist Republic of America before long. The Republicans have been a complete disaster and the Democrats, well, that is the definition of being a democrat. Let us get Ron Paul in there, someone with some common sense....
Everyone is to blame. Every single person in Congress and the Senate should not be re-elected. Democrat and Republican. All of them NEED to go. Chris Dodd, Barney Frank, Nanacy Pelosi, Harry Reid and Henry Paulson should be charged with as many crimes as possible and should be sent to prison. As well as all of the corporate CEO's that committed fraud to enrich themselves and drive their companies into the ground. My guess is most of these clowns will be re-elected by the mindless sheep and very few if any CEO's and executives will be charged with any crimes and sent to prison. It will be the "same 'ol situation"!!
CROOKED FOLKS,
The Fed injects money in the form of a loan created from nothing and charges interest on that money created from nothing and reaps the profits from us in the form of taxes. Several presidents have realized this. Andrew Jackson, Abraham Lincoln, Woodrow Wilson (after signing the bill enacting the Federal Reserve, I might add) and John Kennedy. To add insult to injury, they use "fractionalized banking" by loaning that money at the rate of 10 dollars in loans to every 1 dollar actually existing, if at all, and charging interest on that ratio, which doesn't exist. So, they are making interest on the money that doesn't exist times the lending rate. No, we don't need the Federal Reserve. The colonies realized that England was doing the same thing back in the 1700 and created their own script for the means of payment in trade. They determined the amount of script needed by determining the size of the economy in the colonies. The King of England, swindled by the Bank of England, made the payment in taxes only possible with English Currency. Benjamin Franklin is even quoted as that being the actual reason for the Revolutionary War. Watch "The Money Masters" video which you can find on Google video. Our currency needs to be tied to the size of the population and the amount of commerce being done in our country. We also need to impose teriffs and excise taxes as the primary means by which our government raises funds to operate. We have been tricked into thinking that the Federal Reserve bank is a part of the Federal Government and that they are there to help us.
I have a question.
How come on Monday when the government was working on the Wall Street Bail Out Bill the market went down 778 points. When the bill was declared dead and did not pass on tuesday the stock market went up 485 points. On Wednesday when the government was messing around with this bill again the went down 26 points and had been down all day. Thursday was a down day again and friday they waited until the market was closed to hold the House Vote. When it passed the WORLD MARKETS WENT INTO MELT DOWN. AND The Melt down now continues. Do you think the market is trying to tell the Feds something, and the feds cant see it? Over 70% of the people did not want this bill and were willing to take a chance on the market to correct itself even if it took years. I thing all of the Washington Elite are to blame>>>>>> RE-ELECT NO ONE!!!!!!! VIVA THE REVOLUTION!!!!!!! Vote for a no name canidate or do a write in!!!!!!
Unfortunately this would probably not be the correct time to replace either of them good or bad. But overall I have given my childred the gift unfortunatley of fixing the congress in particular and giving it back to the consumer and replacing it with capitalism. That is what makes our country so different and successful and we are now starting the slippery slide toward socialism.
I stand corrected. The GOVT has gone too far offering relief for "bad mortgage" paper. Still, I can't buy the house I had a CASH bid on because the company holding the deed bundled it to get out from under the debt. I believe the FEDS are auctioning foreclosures but who is monitoring whether they were actually bad debt or in the process of being sold? I still just want to buy MY HOUSE!
Each and every one in Congress, the SEC, Treasury and Fannie and Freddie should be gone by now, ten clean house on Wall street - these hearings ar a farce, look who is holding the hearings the same people that let them do it to start with.
what a joke this congress is!
Darren is correct on everything he said..I am Independent and vote my conscience and from time to time have voted for a Democrat... Long ago I was a Republican and they moved too far to the right for my taste...but it is my roots...
This October, it is straight ticket.....I will not tollerate obvious deception and be treated as though I were an idiot..Don't piss me off! Democrats, I am coming after you at election time!
Comment by a concerned non-liberal, non-socialist;
When will the American tax-payer/ voter realize that the rich not only control Congress, but also ARE our Congressional representatives. THey mostly are made up of questionable attorneys and professional con-men, who are really good at squeezing dollars out of someone else. I'll admit there a a very few who are sincerely concerned about the avg. working taxpayer, but those poor souls are badly out numbered. If you want to get an Idea of who most of the sincere are then look at the ones who voted against the "biggest givaway" on record, the "wall street bailout bill". Paulson is/was one of the overpaid CEO's in years past and he helped orchestrate his buddies behinds being covered without severe criminal investigations and/ or charges. It's like the fox guarding the henhouse. IT'S TIME TO BURN THEIR CHICKEN HOUSE!!! Clean out Congress!!!
Signed Highly frustrated and mad!!
Bernanke, nor Paulson should be replaced, they should be solidified in their current positions and held responsible for every penny of the tax payers dollars that has just been handed to them.
Now let's get to the officials which need to be replaced. Every democrat who holds a position in Washington. It was the democrats who ignored warnings from Alan Greenspan and overruled replublicans who were pushing for more oversight on mark-to-market and the GSE's as early as 2003 - 2004. I wish there was a process by which an elected official, congressman or senator, could be ousted from his/her position by the people who put them there, I would file a petition in a heartbeat. The democrats who have ignored the warnings of the experts for the past 5 years are responsible. They've continued to ignore these warnings in light of receiving kickbacks from the corporations who were at the heart of this mess! Dems must go, vote all Republicans in for Election 2008, make your voice be heard loud and clear!!!
My kindest regards to the facts.
Proud To Be an American...
It wasn't the FED Reserve who did the bail out...Our Government did....The Fed injected liquidity into the market...2 seperate things!
Ron,
What would you have in place of the Federal Reserve? IT's not a nice to have, it is a gotta have..Other countries call them central banks...Put lipstick on a pig, damn thing is still a pig
Barney Frank and Chris Dodd. Then Mr. Obama should be exposed as the fraud he really is. Mr. Rezno will do that soon, and we can go forward with fixing this country with John McCain as President. He had the foesight to warn all three years ago, but Barney, Chris, Obama and the Dems blew him off and stopped the bill. Shame on them.
All of Washington has become so corrupt it is time for another American Revolution. Every single one of our representatives who voted for this bailout should be voted out of office, and we should not elect either McCain or Obama as president. It is high-time that our representatives really starting doing what they were sent to Washington to do, represent the will of the American people, and stop representing the special interests.
Agree, throw all who voted for this insanity to go to jail (a real jail, the kind that you and I would be sent to).
Bizare that it couldn't pass without adding even MORE money to it!
And let's not forget; O'Bamba, the Clintons, Schumer, Kennedy and Biden. Difficult to believe that these socialists were not in support of this.
Boot them? Let's start by making them answer simple questions. Why is it that the dems do not have to be accountable? Franks, Pelosi, H. Clinton, Dodd, Biden, and of course the greatest Dem of them all Bill Clinton have a way of making up the facts, getting caught, changing the facts and walking away. Franks and Dodd are up to their ears in this and will simply change their involvement with words and then stroll away. Why did Hillary get a free pass on something as simple as : My plane was forced down under gunfire. As for Biden, he just wants a promotion either ticket, with or against Senator McCain. Joe's lies?
See VP debate. Big Bill reinvented the meaning of sex and we let him. OBAMA is a little harder because he has learned if you don't have any record, or opinion its easier to answer tough questions. Think about his pat response . " I never said that!" I realize that he has a questionable history and bad voting record but how about the voting response "PRESENT" for a United States Senator ?
We simply cannot let the CEOs/Execs walk (or get booted) with tens to hundreds of millions of dollars. They must be financially punished and publicly humiliated. The politicians, Franks and Dodd, need to be exposed and probably prosecuted. Let Paulson and Bernanke give it a try and let's keep an eye on them.
Every congressman who voted for the bailout should lose their seats. Many warnings were given to congress to rein in investment banks responsible for the current crisis. Credit card companies also made it too easy for Americans to obtain credit and they have unjustly robbed credit card holders by charging outrageous fees. I would have to say without a doubt that this is a clear case of usury. Investment CEO's in the failed investment firms should pay back million dollar bonuses and salaries that were undeserved to their investors. Of course that will not probably happen as it appears that the poor old taxpayer will be required to bail out the investment and private banks. What a major rip off. I believe many of these people who ran these companies committed criminal acts and should be thrown in prison for the rest of their lives.
The "Three Stooges" I remember, were funny. These stooges however, are corrupt, and sociopathic....Paulson, Dodd, and Frank. Dodd and Frank should hang their heads in shame, but of course when you're shameless, it's tough to do that. Paulson, the head of the crooks should have been fired once the stench he cast, permeated the sqare footage he occupied. Frank at least appears to be a blubbering, arrogant moron, but that silver-topped, silver-tongued fake, phony, fraud Dodd, personifies how low the Dems will go, in the name of protecting the middle-class. Put these thugs away for good!
Everyone on the house banking committee and finance committee should be fired or resign effective imediatelythese people wre warned 2 years ago about this crisis and did nothing
Chris Dodd & Barney Frank should lead the way right out of Senate & House
these guys a responsible for all the back door dealings any Republicans & Democrats that are invovled should be remove from office these guys are making a fortune and we our paying for it
Melissa,
Please understand...If that bailout had not happened.....Honey..what you referenced would not have been your concerns...survival would have.....There would have been a complete and total meltdown of the US economy that would have trickled into the world economy...Major collateral damage....
You and I were not alive in the great depression, but that would have been a cake walk compared to what was looming... The correct thing was done, but should have never happened as a resulut of several very crooked House and Senate Democrats...
Vot your concience..when you pull that lever in 4 weeks, remember what you are doing
I am truly amazed that numerious mortage bankers have written mortgages that they knew would fail. Clearly made loans to people who did not qualify It is even more amazing that Democatic members of congress supported this practice. Shocking and unbleivable. Practice goes back to before Bush took office.
I am hopefull that once the FBI fully investigates all of this that we will see dozens and dozens of people sent to jail. Nearly citizen in America has been damaged. There has to be justice. The FBI will not find fraud in all this. It is too large not to find it
I'm still messaging the "few" who listened. The FEDS have gone too far with "buying bad mortgages". I had accepted a counter-offer and earnest money was in place for a CASH purchase when the property was bundled and given to the feds to auction. The lender got out from under a bad debt and I lost a home I was willing to pay AMERICAN DOLLARS for.
What is the current legal tender in America?
Funny how not many Republican names are showing up here! Remember, the Democrats have only been in control for less than two years. I agree they should take their share of the blame, but it can't be all their fault. We should ask for some type of accountability from Bill Graham and other deregulation advocates. Let's research who voted for these bills that allowed these banks to back their CDO's with "swaps" when in fact the swaps were not backed by anything. Because they called them swaps instead of insurance they somehow avoided any type of regulation that would have required them to be backed by true capital!
Christopher Dodd, Barney Frank, Clinton, Pelosi, Reid, Obama and Carter!!!
Fannie Mae, Freddie Mac, & ACORN.
Secretary Henry Paulson and Fed Chairman Ben Bernanke WEREN"T EVEN THERE!!
Dodd, Frank, Paulson, every board member, CEO and CFO of every failed financial institution. They should ALL have to pay back millions. Also, former president Carter, and former president Clinton should have their titles stripped and pay back the American Tax payer for perpetrating this finacial sewer.
Just to add. Even Clinton blamed the Democrats for getting in the way of more oversight at Fannie and Freddie. The Republicans attempted to address this issue during the Clinton administration. Clinton to his credit was in support but it was blocked by Democrats including Frank and Dodd.
As each day of this crisis and bailout continues to unravel I wonder why my husband and I have worked so hard to save for retirement, save for our children's college education and pay our bills on time! We have taken personal responsibility and what are we getting: higher taxes, inflation, higher interest rates etc. I wouldn't have expected anyone to bail us out if we over extended ourselves. It would be our responsibility.
I think the ENTIRE congress that voted for the bailout bill should be voted out. They surely will not see any hard times because of what they have done, but believe me joe 6-pack will!
I am quite angry that my hard earned money is going to salvage idiots that over extended, congress that can't think for themselves and greedy wall street crooks!
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Babs
The democratic congress should all resign... but remember they will will all get their full salaries and get free medical for he rest of their lives... yep... corporate greed in government.... People keep putting these buffones back in office becasue they gon't care... I live in Illinois... and we have the most corrupt government, from the Govenors office to Cook County, the City of Chicago, Even Mr. Obama... be careful if you vote for him
Michele H.
As far as the Markets...you might find they go down when NOTHING was being done...and when Obama is ahead in the polls...look closely!!
Crooked Folks
Rich F... It is a simple and short answer Democratic sponsored socialism and greed with Fannie and Freddie..Nancy..Barney..Dodd and the rest should be hung in front of the capital...THey sold their soul on the backs of AMericans...Barney Frank never thought he would be caught becasue he never thought Freddie and Fannie would go bust.Bill O"Rilley did the right thing (a bit vaudvillian) but he exposed the beast....now the dominos will fall on those that chose to prosper on the back of tax payer..The bell has toll for you Barney and the rest of your conspirators
Michele H.
Who should get the boot?? The Democratic congress who refused for several years to pass reforms that would have protected us from this...even though the White House and the Senate passed them...and...who refused as well to pass a plan for the President's call for a comprehensive energy plan...7 1/2 years ago! The elite dems are so deluded...they actually thought high oil prices were good for us...so that we'd all spring for windmills! The high oil prices were brought to you not by the oil companies...but by a conspiracy of stupidity and cowardice that would like to see us socialist.
Rich F.
It's beyond me why some people believe the government can provide a solution and fix this mess? The government caused this mess. The people that think the Fed is the answer are also the same idiots that want to hand the healthcare system over to them. I always ask these people, "If you think the government is the answer then name me one program or department run by the federal government that is not a complete mess and massively in debt"??? Of course, None of these people have an answer because there is NO PROGRAM or DEPARTMANT that the Fed is in charge of that is not a total mess and massively in debt.
Joe
It appears, after significant declines so far this week, that noone knows what to do. Continuing what we have done in the past with all the "best intentions" has proven disasterous. I was approaching retirement in 5 or 6 years, now I am going to work until I physically can't and will pray daily for my daily bread and feel blessed with that. Americans need to wake up to the reality of basic needs, which will surely go up in price dramatically. Save now and get down to basics. As to those responsible, the whole team committed in the wrong direction! Who to put in to replace them? Wow, that is the toughest question of all. I didn't favor the bailout and would just as soon see all those who supported it, including Obama and MaCain, be given the boot. So who to be President? The least of the two evils I guess...neither one are special interest free enough to lead. Joe
Crooked Folks
Kevin, I agree with most everything you said, but currency has to be backed by something and with the fluctuation of Gold, it is almost better to be in the tank...and I am not sure if tying it to population is the answer..but I do get the GDP statment and that makes absolute sense..Spoken like a true Economics grad!
J Scales
We should elect a complete cadre of Senators and Congressmen. We have been sold out and I fear that Socialism is the next step. Our children will have a long, rough road ahead, thanks to our failed policies and lack of fiscal discipline. The government should not be involved in the things that they are delving into, period. Where is common sense when you need some. we are largely, spoiled and a recession may be just what the doctor ordered.
Rich F.
I have absolutely no sympathy for the people that took out mortgages that were way beyond their means and now can't pay for these McMansions. A lot of these people also financed their cars, furniture, big screen TV's, appliances and then took out home equity loans to buy more things they didn't need. I've tried to be responsible with my money and I could barely afford to live. Why should I have to suffer because these people wanted to be greedy and live way beyond their means?? Whatever happened to self responsibility? You make a risky gamble and lose, That's your problem. You suffer the consequences.
michael
franks, dodd, schumer...et al it is a nasty mess
Gene
Frank, Dodd, Rines - sue them for covering the fact and destroying America economy. They are traitors. Add Obama and everyone who took bribes from FM & FM. Add Carter for intiating the process and Clinton for giving it a green light to today. Just think. The only two Dems administration in the last 40 years created so much distraction with their liberal agenda. Do we want another 4 years of Obama to pile on a top of it? I don't and we are a country of idiots if we let Dems to have the White House, senate and congress. That will finish America.
Bobby
I think Ben Bernanke and Henry Paulson should be fired! Bailing out a corrupt system of greedy CEO's will ultimately not benefit Americans. In addition, why is it that, even though this bailout plan is unpopular by a majority of people, our representatives in both the Senate and the House do not represent us? Ridiculous!
J Scales
Just get ALL of the idiots out of D.C. We, the American people have to be flat stupid to keep reelcting the likes of Barney Frank, Pelosi, Reed, and yes 90% of the "Republicans" too. We must wake up. My kids will live in the Socialist Republic of America before long. The Republicans have been a complete disaster and the Democrats, well, that is the definition of being a democrat. Let us get Ron Paul in there, someone with some common sense....
Ron
The Fed Reserve should not be owned by privite banks. The government should own it. We should own it.
Rich F.
Everyone is to blame. Every single person in Congress and the Senate should not be re-elected. Democrat and Republican. All of them NEED to go. Chris Dodd, Barney Frank, Nanacy Pelosi, Harry Reid and Henry Paulson should be charged with as many crimes as possible and should be sent to prison. As well as all of the corporate CEO's that committed fraud to enrich themselves and drive their companies into the ground. My guess is most of these clowns will be re-elected by the mindless sheep and very few if any CEO's and executives will be charged with any crimes and sent to prison. It will be the "same 'ol situation"!!
Pam
Fire Paulson, Dodd and Frank. At this point in the game shouldn't all our elected senators and representatives go back to school for finance 101?!
Kevin
CROOKED FOLKS, The Fed injects money in the form of a loan created from nothing and charges interest on that money created from nothing and reaps the profits from us in the form of taxes. Several presidents have realized this. Andrew Jackson, Abraham Lincoln, Woodrow Wilson (after signing the bill enacting the Federal Reserve, I might add) and John Kennedy. To add insult to injury, they use "fractionalized banking" by loaning that money at the rate of 10 dollars in loans to every 1 dollar actually existing, if at all, and charging interest on that ratio, which doesn't exist. So, they are making interest on the money that doesn't exist times the lending rate. No, we don't need the Federal Reserve. The colonies realized that England was doing the same thing back in the 1700 and created their own script for the means of payment in trade. They determined the amount of script needed by determining the size of the economy in the colonies. The King of England, swindled by the Bank of England, made the payment in taxes only possible with English Currency. Benjamin Franklin is even quoted as that being the actual reason for the Revolutionary War. Watch "The Money Masters" video which you can find on Google video. Our currency needs to be tied to the size of the population and the amount of commerce being done in our country. We also need to impose teriffs and excise taxes as the primary means by which our government raises funds to operate. We have been tricked into thinking that the Federal Reserve bank is a part of the Federal Government and that they are there to help us.
Joe Mac
I have a question. How come on Monday when the government was working on the Wall Street Bail Out Bill the market went down 778 points. When the bill was declared dead and did not pass on tuesday the stock market went up 485 points. On Wednesday when the government was messing around with this bill again the went down 26 points and had been down all day. Thursday was a down day again and friday they waited until the market was closed to hold the House Vote. When it passed the WORLD MARKETS WENT INTO MELT DOWN. AND The Melt down now continues. Do you think the market is trying to tell the Feds something, and the feds cant see it? Over 70% of the people did not want this bill and were willing to take a chance on the market to correct itself even if it took years. I thing all of the Washington Elite are to blame>>>>>> RE-ELECT NO ONE!!!!!!! VIVA THE REVOLUTION!!!!!!! Vote for a no name canidate or do a write in!!!!!!
Charlie Thomas
I would replace Paulson with Dave Ramsey.
donna alexander
Unfortunately this would probably not be the correct time to replace either of them good or bad. But overall I have given my childred the gift unfortunatley of fixing the congress in particular and giving it back to the consumer and replacing it with capitalism. That is what makes our country so different and successful and we are now starting the slippery slide toward socialism.
Proud to be an American
I stand corrected. The GOVT has gone too far offering relief for "bad mortgage" paper. Still, I can't buy the house I had a CASH bid on because the company holding the deed bundled it to get out from under the debt. I believe the FEDS are auctioning foreclosures but who is monitoring whether they were actually bad debt or in the process of being sold? I still just want to buy MY HOUSE!
KEVIN
BARNEY FRANK
jmanon
Each and every one in Congress, the SEC, Treasury and Fannie and Freddie should be gone by now, ten clean house on Wall street - these hearings ar a farce, look who is holding the hearings the same people that let them do it to start with. what a joke this congress is!
Crooked Folks
Darren is correct on everything he said..I am Independent and vote my conscience and from time to time have voted for a Democrat... Long ago I was a Republican and they moved too far to the right for my taste...but it is my roots... This October, it is straight ticket.....I will not tollerate obvious deception and be treated as though I were an idiot..Don't piss me off! Democrats, I am coming after you at election time!
Mark
If only we could find another Ronald Regan!
Lester Lock
Comment by a concerned non-liberal, non-socialist; When will the American tax-payer/ voter realize that the rich not only control Congress, but also ARE our Congressional representatives. THey mostly are made up of questionable attorneys and professional con-men, who are really good at squeezing dollars out of someone else. I'll admit there a a very few who are sincerely concerned about the avg. working taxpayer, but those poor souls are badly out numbered. If you want to get an Idea of who most of the sincere are then look at the ones who voted against the "biggest givaway" on record, the "wall street bailout bill". Paulson is/was one of the overpaid CEO's in years past and he helped orchestrate his buddies behinds being covered without severe criminal investigations and/ or charges. It's like the fox guarding the henhouse. IT'S TIME TO BURN THEIR CHICKEN HOUSE!!! Clean out Congress!!! Signed Highly frustrated and mad!!
Darren W.
Bernanke, nor Paulson should be replaced, they should be solidified in their current positions and held responsible for every penny of the tax payers dollars that has just been handed to them. Now let's get to the officials which need to be replaced. Every democrat who holds a position in Washington. It was the democrats who ignored warnings from Alan Greenspan and overruled replublicans who were pushing for more oversight on mark-to-market and the GSE's as early as 2003 - 2004. I wish there was a process by which an elected official, congressman or senator, could be ousted from his/her position by the people who put them there, I would file a petition in a heartbeat. The democrats who have ignored the warnings of the experts for the past 5 years are responsible. They've continued to ignore these warnings in light of receiving kickbacks from the corporations who were at the heart of this mess! Dems must go, vote all Republicans in for Election 2008, make your voice be heard loud and clear!!! My kindest regards to the facts.
Crooked Folks
Proud To Be an American... It wasn't the FED Reserve who did the bail out...Our Government did....The Fed injected liquidity into the market...2 seperate things! Ron, What would you have in place of the Federal Reserve? IT's not a nice to have, it is a gotta have..Other countries call them central banks...Put lipstick on a pig, damn thing is still a pig
Steven
Get all of them out of there. They have not acted in the best interest of American in years. Its time for another Tea Party.
Rob
Replace both with Ron Paul---oops! Ron Paul would just eliminate the FED so just replace Paulson with RP. Vote them all out!!
Rich Stewart
Barney Frank and Chris Dodd. Then Mr. Obama should be exposed as the fraud he really is. Mr. Rezno will do that soon, and we can go forward with fixing this country with John McCain as President. He had the foesight to warn all three years ago, but Barney, Chris, Obama and the Dems blew him off and stopped the bill. Shame on them.
Mark Hagensicker
All of Washington has become so corrupt it is time for another American Revolution. Every single one of our representatives who voted for this bailout should be voted out of office, and we should not elect either McCain or Obama as president. It is high-time that our representatives really starting doing what they were sent to Washington to do, represent the will of the American people, and stop representing the special interests.
John
Agree, throw all who voted for this insanity to go to jail (a real jail, the kind that you and I would be sent to). Bizare that it couldn't pass without adding even MORE money to it! And let's not forget; O'Bamba, the Clintons, Schumer, Kennedy and Biden. Difficult to believe that these socialists were not in support of this.
Chris Butler
Boot them? Let's start by making them answer simple questions. Why is it that the dems do not have to be accountable? Franks, Pelosi, H. Clinton, Dodd, Biden, and of course the greatest Dem of them all Bill Clinton have a way of making up the facts, getting caught, changing the facts and walking away. Franks and Dodd are up to their ears in this and will simply change their involvement with words and then stroll away. Why did Hillary get a free pass on something as simple as : My plane was forced down under gunfire. As for Biden, he just wants a promotion either ticket, with or against Senator McCain. Joe's lies? See VP debate. Big Bill reinvented the meaning of sex and we let him. OBAMA is a little harder because he has learned if you don't have any record, or opinion its easier to answer tough questions. Think about his pat response . " I never said that!" I realize that he has a questionable history and bad voting record but how about the voting response "PRESENT" for a United States Senator ?
al lintel
We simply cannot let the CEOs/Execs walk (or get booted) with tens to hundreds of millions of dollars. They must be financially punished and publicly humiliated. The politicians, Franks and Dodd, need to be exposed and probably prosecuted. Let Paulson and Bernanke give it a try and let's keep an eye on them.
Martin Kiepke
Every congressman who voted for the bailout should lose their seats. Many warnings were given to congress to rein in investment banks responsible for the current crisis. Credit card companies also made it too easy for Americans to obtain credit and they have unjustly robbed credit card holders by charging outrageous fees. I would have to say without a doubt that this is a clear case of usury. Investment CEO's in the failed investment firms should pay back million dollar bonuses and salaries that were undeserved to their investors. Of course that will not probably happen as it appears that the poor old taxpayer will be required to bail out the investment and private banks. What a major rip off. I believe many of these people who ran these companies committed criminal acts and should be thrown in prison for the rest of their lives.
Ron
The Federal Reserve should be abolished.
Tom McKee
All of the above, the President and the entire congress...
Jim
To Crooked Folks: You're right! I guess I live in a fantasy world of Bill O'Reilly type reporting.
TERRENCE
The "Three Stooges" I remember, were funny. These stooges however, are corrupt, and sociopathic....Paulson, Dodd, and Frank. Dodd and Frank should hang their heads in shame, but of course when you're shameless, it's tough to do that. Paulson, the head of the crooks should have been fired once the stench he cast, permeated the sqare footage he occupied. Frank at least appears to be a blubbering, arrogant moron, but that silver-topped, silver-tongued fake, phony, fraud Dodd, personifies how low the Dems will go, in the name of protecting the middle-class. Put these thugs away for good!
JIM
Everyone on the house banking committee and finance committee should be fired or resign effective imediatelythese people wre warned 2 years ago about this crisis and did nothing Chris Dodd & Barney Frank should lead the way right out of Senate & House these guys a responsible for all the back door dealings any Republicans & Democrats that are invovled should be remove from office these guys are making a fortune and we our paying for it
Crooked Folks
Melissa, Please understand...If that bailout had not happened.....Honey..what you referenced would not have been your concerns...survival would have.....There would have been a complete and total meltdown of the US economy that would have trickled into the world economy...Major collateral damage.... You and I were not alive in the great depression, but that would have been a cake walk compared to what was looming... The correct thing was done, but should have never happened as a resulut of several very crooked House and Senate Democrats... Vot your concience..when you pull that lever in 4 weeks, remember what you are doing
steve smith
I am truly amazed that numerious mortage bankers have written mortgages that they knew would fail. Clearly made loans to people who did not qualify It is even more amazing that Democatic members of congress supported this practice. Shocking and unbleivable. Practice goes back to before Bush took office. I am hopefull that once the FBI fully investigates all of this that we will see dozens and dozens of people sent to jail. Nearly citizen in America has been damaged. There has to be justice. The FBI will not find fraud in all this. It is too large not to find it
Proud to be an American
I'm still messaging the "few" who listened. The FEDS have gone too far with "buying bad mortgages". I had accepted a counter-offer and earnest money was in place for a CASH purchase when the property was bundled and given to the feds to auction. The lender got out from under a bad debt and I lost a home I was willing to pay AMERICAN DOLLARS for. What is the current legal tender in America?
Bob
Funny how not many Republican names are showing up here! Remember, the Democrats have only been in control for less than two years. I agree they should take their share of the blame, but it can't be all their fault. We should ask for some type of accountability from Bill Graham and other deregulation advocates. Let's research who voted for these bills that allowed these banks to back their CDO's with "swaps" when in fact the swaps were not backed by anything. Because they called them swaps instead of insurance they somehow avoided any type of regulation that would have required them to be backed by true capital!
John
Christopher Dodd, Barney Frank, Clinton, Pelosi, Reid, Obama and Carter!!! Fannie Mae, Freddie Mac, & ACORN. Secretary Henry Paulson and Fed Chairman Ben Bernanke WEREN"T EVEN THERE!!
Russ
Dodd, Frank, Paulson, every board member, CEO and CFO of every failed financial institution. They should ALL have to pay back millions. Also, former president Carter, and former president Clinton should have their titles stripped and pay back the American Tax payer for perpetrating this finacial sewer.
Dave in FL
Just to add. Even Clinton blamed the Democrats for getting in the way of more oversight at Fannie and Freddie. The Republicans attempted to address this issue during the Clinton administration. Clinton to his credit was in support but it was blocked by Democrats including Frank and Dodd.
Deano, Peoria, AZ
Very simple. This country ought to vote out ANY incumbent in Congress and start with a clean slate.
Melissa
As each day of this crisis and bailout continues to unravel I wonder why my husband and I have worked so hard to save for retirement, save for our children's college education and pay our bills on time! We have taken personal responsibility and what are we getting: higher taxes, inflation, higher interest rates etc. I wouldn't have expected anyone to bail us out if we over extended ourselves. It would be our responsibility. I think the ENTIRE congress that voted for the bailout bill should be voted out. They surely will not see any hard times because of what they have done, but believe me joe 6-pack will! I am quite angry that my hard earned money is going to salvage idiots that over extended, congress that can't think for themselves and greedy wall street crooks!