SO who is buying Lehman?

Actually, no, I don’t appreciate it. Where are these guys with the 7 and 8 figure bonuses going to be when I come up short on my kids college tuition. Don’t think I’ll be getting bailed out by anyone except my self – yet my tax dollars are going to bail them out.

Total B.S. IMHO

You wanna play you gotta pay.

When Nixon was in the middle of the Watergate scandal, there were murmurings of Martial Law.

Today’s financial crisis, to me, is a much bigger crisis than Watergate.

How many dynasties must fall until Martial Law murmurings become audible again?

gawd bless all of the hard-working, decent people for these companies. And for the greedheads who brought us to this point, I hope that your region of Hades includes an eternity of flipping burgers over a hot grill for minimum wage.

Yes, Bing, I do appreciate that – with one caveat: one more day in this climate gives the pundits, gurus and financial geniuses who disguise themselves as ‘analysts’ another day to further chip away at the country’s confidence in nearly every aspect of American business. To that point, my company has done nothing but exceed analysts’ expectations and raise dividends for the past six or seven quarters (at least), but the analysts have criticized the company’s leaders for being UNDERLEVERAGED and too CASH RICH!

Perhaps if they’d invested all our cash in Lehman securities, we would have been lauded by the analysts and our stock price would have gone through the roof – until Monday, that is. Now, our stock – along with the stock of many solid and stable companies – is being eroded by an epidemic lack of confidence in Wall Street generally.

One more day? I hope you’re right, but I won’t short sell on it.

Why shouldn”t we help out our own. Just make sure the CEO who goes out the door doesn’t get a golden parachute.

The AIG deal isn’t that bad. The Fed is getting 11.5 percent on the $85 billion. Tax payers should like the sound of that plus Fannie and Fredmac will pay and even 10% back so if it all works out everybody is happy right. NOT. There is still more to come. The fallout will continue, this will just accellerate the problem and hopefully get it behind us quicker.
I hope. Hang in there people.

I agree with Ivan..

Yeah; they’ve put us in a place we can’t help but help them (us) out of. But I want something from those company leaders. I want every officer who was on their payroll for the past 5 years to have ALL property confiscated (they can keep their lacy underwear). Let their kids go to private school and let them take the subway to Subway and make me a fucking sandwich.

The biggest problem with this is that the CEO’s who are responsible will not be put behind bars. The double standard of the prison system is a huge issue with me. Where is Bernie Ebbers today? White collar crime must be treated the same as blue collar crime, meaning they must do hard time and put in the general population.. I think that would deter many crooked CEO’s. What do you think.

Word of advice: Keep your money in your pocket. You cannot lose what you don’t give away.

I have drawn ALL or my available funds out and put it all in NIKE. That is to say, it is all in a shoebox in the top of my closet…

The handle has been pulled and the water is swirling around and round in the great big porcelain bowl that used to be Wall Street, you can all figure out what is coming next.

This is the start of a panic.
Soon the little investors will start looking hard at their stocks and no matter how solid they seem, they will pull their money out and put it under their pillows or bury it in a tin can in the back yard.

These bailouts are like putting a bandaid over the bullet hole that leads to the heart.

The U.S. doesn’t need a bandaid it needs a surgeon, who can cut out the greed and excess waste built up by corporate America and foisted on the backs of present and future taxpayers.

In order to climb out of this abyss, America has to produce something the world wants so it can earn money to pay off the debt.

The problem is they don’t produce anything that cannot be bought cheaper from China.

Printing money will not stop this free fall.

Interest on the National debt is over 200 Billion dollars a year.

That’s the equivalent of a 100 dollar a month charge for every adult in the country.

The smart money people, like Jim Rogers etc. have left the U.S. years ago, they saw this coming and got out with their cash.

Think things are bad now, wait until winter sets in.

Funny how the system works. When they go down, we (the taxpayers a.k.a. working stiffs)have to come to the rescue via Feds (they’re middlemen if you think about it). But when they were swimming in “dinero” (thanks to unregulated policies and hughe tax breaks) we didn’t get a penny of it. Let me walk thru this: This a Capitalist society with a free market, right?
How in the world we ended up in a “socialism” that certainly doesn’t come “free” for any of us?

Many years ago, when I was a teenager, I loaned five dollars to some classmate for lunch money. When I needed the money back and asked him for it, he told me that another classmate (whom I did not know) happened to owe him five dollars and to go get it from him.

That was certainly long enough ago for them to have become executives in the financial world, and I wonder…

Actually, Bing, I don’t appreciate it at all, because the Armageddon has only been averted for those who play Executricks – not for the people who actually do the work in this country.

History shows pretty clearly that failures at high levels continue until they are forcibly removed. The limited genius of the capitalist system was allowing that to occur economically rather than through physical violence.

Bailing out AIG means defer that removal indefinitely.

Given the extreme positions espoused by the Republican ticket in their desperation to hold power, the strong surge in their support as a result, the recent Russian incursion into Georgia, the increasingly unstable political situations in a variety of other countries around the world, I think a breakdown into physical violence over the economic mess is more likely than not.

In my opinion, failing to clearly show the entire world that the US is in fact committed to the same capitalist principles that we have successfully sold them, by allowing AIG and other mismanaged corporations to fail, would be a mistake that will simply increase the rate of the decline in US economic and political influence around the globe, and allow the domination of the world’s economy by autocratic governments and protectionists.

In other words, US-based capitalism is a product; we were the ones that sold that product to the world. If we don’t live up to those principles, they will know that product we’ve sold them is clearly defective. How long will it take for them to decide to return that product for a full refund?

Where is Eliot when you need him?

Bert Ely, Banking Consultant, feels that the proposed bail out of Wall Street is financial insanity.

My take on it is CREDIT WALL STREET DEBIT TAXPAYERS.

What is going on today wasn’t born yesterday; it won’t go away tomorrow.

Business mentors of the past insisted that heads
gotta roll.

i don’t care about the so called moral hazard, for bailing out the big financials. I am more peeved that it’s easier for them to get bailed out of billions than me to get bankruptcy. I know we need the fat cats, but give me a break too. I don’t think any of the ceo’s at these financial institutions are neccessarily bad, they’re just like a bunch of Hawiians trying to get used to an Alaskan climate. I don’t envy their shoes at all. I can’t even appreciate the kind of pressure handling all that money is. But I think its whacked that aig got the bail while lehman was left behind. what’s this preferenial treatment all about anyway?

“SO who is buying Lehman?”

I hear Bank of Americarabia

Here’s s thought – maybe Americans shouldn’t be so trusting about their ‘greatest country on earth’ and all that rolls with it.

Maybe, instead of being working stiffs who have to put up the tax dollars to save a whole bunch of silver tail bankers…just maybe you should all think about moving out? Yes, that’s right …leave.

Come to Australia or someother place where you don’t have to pay with your life to be the world’s police and the world’s consumers at the same time.
We have our share of politics in Oz, but no banking regulations as loose or unethical as the US. Why stay in a place that forces to many to be the working poor?

To Margie from Sydney,Australia and to Jack Hammond from Canada…a two thumbs way up to both of you. What a tragic state of affairs. I am disgusted and outraged more than words can say. The American people deserve so much better, and unfortunately this fiasco is going to affect the economy of people everywhere.