This administration's push for a quick bailout without proper analysis, discussion, and safeguards for the American taxpayer is like the push to quickly invade Iraq, quickly hand out enormous no bid contracts in Iraq and quickly pass The Patriot Act. Americans have been cheated and betrayed by those who profess to represent us.

I say NO to a bail-out. I want the congress to WAIT and see what happens. If we need to bail something out we can do in ONE company at a time. No over site, no court review, sounds like Iraq without guns or Bush saying, "just give me the money I am tired of making believe I am doing something".

And all this time you thought Bush's October surprise would be conjuring up Bin Laden. Turns out he just had a small plan to hand over the entire Treasury department to his buddies, after handing over the courts, the voting process, and the military. Pretty ambitious. In the past, we ran off traitors. Now we elect Benedict Arnold because he'd be fun to drink with, or his running mate is a milf. Anyone seen Idiocracy? It's a documentary.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aUj_9.k13q7s&refer=home

Paulson Debt Plan May Benefit Mostly Goldman, Morgan (Update2)
By Jody Shenn

Sept. 22 (Bloomberg) -- Goldman Sachs Group Inc. and Morgan Stanley may be among the biggest beneficiaries of the $700 billion U.S. plan to buy assets from financial companies while many banks see limited aid, according to Bank of America Corp.

NO. THe financial panic is manufactured to cover up an emergency powers act that gives all power to Phil Gramm is McCain steals the election...Hitler used just such clauses to eliminate his opposition and take power within weeks. Hindenburg was senile also. PLEASE DON'T RUSH: it is a fake problem covering a power grab

Would you trust a used car salesman...would you trust Secretary Paulson with your money...I think GWB has found a way around the taxpayers saying no to giving our Social Security to Wall Street by fiscal proxy. Here's Paulson bio...

Paulson was Staff Assistant to the Assistant Secretary of Defense at The Pentagon from 1970 to 1972.[7] He then worked for the administration of U.S. President Richard Nixon, serving as assistant to John Ehrlichman from 1972 to 1973.

He joined Goldman Sachs in 1974, working in the firm's Chicago office. He became a partner in 1982. From 1983 until 1988, Paulson led the Investment Banking group for the Midwest Region, and became managing partner of the Chicago office in 1988. From 1990 to November 1994, he was co-head of Investment Banking, then, Chief Operating Officer from December 1994 to June 1998;[8] eventually succeeding Jon Corzine (now Governor of New Jersey) as its chief executive. His compensation package, according to reports, was US$37 million in 2005, and US$16.4 million projected for 2006.[9] His net worth has been estimated at over US$700 million.[9] Paulson has personally built close relations with China during his career. In July 2008 it was reported by The Daily Telegraph that: "Treasury Secretary Hank Paulson has intimate relations with the Chinese elite, dating from his days at Goldman Sachs when he visited the country over 70 times."[10]

Paulson was nominated by U.S. President George W. Bush to succeed John Snow as the Treasury Secretary on May 30, 2006.[16] On June 28, 2006, he was confirmed by the United States Senate to serve in the position.[17] Paulson was officially sworn in at a ceremony held at the Treasury Department on the morning of July 10, 2006.

Paulson's three immediate predecessors as CEO of Goldman Sachs — Jon Corzine, Stephen Friedman, and Robert Rubin — each left the company to serve in government: Corzine as a U.S. Senator (later Governor of New Jersey), Friedman as chairman of the National Economic Council (later chairman of the President's Foreign Intelligence Advisory Board), and Rubin as both chairman of the NEC and later Treasury Secretary under President Bill Clinton.[18]

The Administration's bail out of Wall Street and the banks should be rejected. The banks have a reputation of not showing mercy. It will build their character to lose their stock equity. The Administration should attach new taxes to pay for the bail out. Taxes on capital and investments, the ones who benefit. The corporations that request the help, their top officers and Board of Directors should pledge their personal assets, just like the banks require on a small business loan. The Administration's bailout request is criminal. Any Congressman or Senator that votes for it should resign in shame.

I agree, no Bailout. Several years ago my husband and I lost everything when the tech sector dumped. I took responsibility we filed for bankruptcy, made repayments, voluntarily turned in a vehicle we had traded in two vehicles for and sold our house at a loss of 20 thousand dollars. What we got was heartache and strife and 8 long years of embarrassment, absurd usury rates for credit (on a vehicle we needed to be able to travel to work), and the shame of having not foreseen this coming. In addition, these same financial institutions, employees and representatives (thereof) that want us to help them (after they greedily and wrongfully manipulated the market to their advantage) sneered /scoffed at people like us and acted as if we were dead beats after 30 years of A+ credit ratings. Please tell me where is the justice, when they are not held to the same standards as the people they administer their rules on… Why do I need to help out a bunch of cutthroat bankers who have profited from my misfortune and that of many others in the same situation? Bitter? Yes, I am! As well as being disappointed in those we put in office to protect us from this type of criminal activity. But if I can own my mistakes why can’t they own theirs? Why are the rules for the elites of the administration different than for that of the working people who are paying the majority of taxes the keep them living a lifestyle so far removed from our own? Let the market correct itself “NO BAILOUT”!!!! Let them know what it feels like to be one of he everyday hard working Americans. And no, it doesn’t affect us all. Bail out the people’s investment accounts by guaranteeing that their retirement is still there but not the individual institutions that caused those hard working honest Americans to suffer!

Any bailout conditional on the taxpayer getting control of company, if the level of the bailout is worth a majority stake. And a share if below that. I.E. socialize the profits. And the bailout is not given to every firm, but must be carefully chosen for the utility to the taxpayer. And no executives get golden parachutes. And homeowners get their 'contracts' broken and reset to an affordable level.

Thank you for this. This is useful information in arguing against this blatant power and money grab which threatens to socialize the financial sector of this nation (after regulations that don't apply to the government itself drive the government's competition out of business, of course). Just the fact that this character was once an executive assistant to Erlichman speaks volumes about his lack of trustworthiness.

Here's an idea. Dems, lets do the right thing. IMHO this means first calling a spade a spade. The original bailout plan was inherently flawed from the get go, based on the questionable motives of those who produced it, and the timing factors involved. The originators themselves have characterized the proposal as experimental.

Second, an issue of such complexity requires input from the best minds available to us, those whose stake in its passage is relatively minor. I am thinking of the many academic economists who are recently giving input into the situation. Even under such conditions, however, a real solution may take time in the working out and in the implementation. Meanwhile, the chips may just have to fall.

Dems, if we have the courage to allow this and to be really single-minded about finding a solution to root causes, blame will rightly fall on those at fault. We will have done our best, and the outraged citizenry will know it.

Listen to your constituents; congressional support is at an all time low for a reason. Doing the right thing, supporting a plan that truly has the best shot at helping the most, will be recognized. A side benefit to a job well done is not having to posture overly much at re-election time. Take courage, we will support you.

The media really seems to be twisting how Americans feel about the bailout and this bill. The media seems to keep repeating that Americans don't want this bill to pass and we don't understand what will happen if it does not pass. That Americans don't understand how the system as a whole will be affected if this bill is not passed. This is not accurate. Most of us Americans are not as ignorant as this current administration and have seen this coming for some time. We are not saying that something should not be done. We are saying that this bill is not right and should not be passed. We want an alternative!!! This bill is insane and really does not involved the average American. We need to come up with a bill that corrects the problems at hand and resolves these issues. The American people need more in return. We need to be helped out. This bill stinks and we need to come up with something better that involves helping out all Americans directly and not just the top of the chain and expect this trickle down effect to work all of the sudden. It hasn't worked what will make it work now? Why are we throwing more wood on a burning fire? Lets let the fire burn out and then build accordingly. We all agree that something needs to be done. But don't let that make us pass this insane bill that is not going to correct the problem or truly help your fellow Americans! Draft a new bill with head economists and have it open for discussion. And by not passing this bill is not what is hurting the market it is the fear that the government that has forced upon this nation that is hurting the market. They are manipulating the market right now with this fear method that they always do to get done what they want. DON'T LET THEM PASS THIS BILL! IT WILL NOT WORK AND IT IS BOGUS. Make congress come up with another option bill that helps out everyone and does not mainly focus on Wall Street and banks. We have to do something but this bill is not the solution and I think everyone knows that. That is why it failed Monday.