I’m the guy who has a lot of equity in my house. I save a lot into retirement accounts (because just the 401K isn’t enough), don’t have a flashy car, boat or other toys. With the drop in the markets and housing I have less equity, less retirement funds and still no fancy stuff. I’d like the government to reprice my house and pay me the equity I’ve lost. Yeah, right!

Looks like he had it right. When society goes soooo far to help those who over extended themselves, it creates a lot of anger for those who “did it the right way”. Effectively, the people who overspent took money from those of us who didn’t.

This whole thing just doesn’t make sense – if you abuse the system you get more than you deserve, but if you play by the rules you lose and you’re a sucker.

Yeah, I’m angry.

Get smart and take action. Being angry is not motivation for anything other than playing blame games and making excuses.

I am laughing my head off at all of the gloom-and-doom talk I hear. There is mad money to be had if only people would take action. This bailout is not going to solve any problems. It is not intended to do anything. But the money handed out can be converted from cash into other valuable assets.

If you are angry, you will suffer. If you are smart, you will succeed.

Between the time the bill is signed into law and the spigots are opened to Main St, there are going to be a lot of new jobs created managing that money in DC. I intend to take one of them.

Congress made Philip Morris and Big Oil testify in Congressional hearings.

To date the NYSE, NASQD, CBOT, etc. has not been called upon for Congressional hearings. Their silence is deafening.

Are Bernanke and Paulson representing the whole financial system? No critics allowed?

McCain said he would fire Cox, Chairman SEC.

Obama charges special interests for for the financial collapse.

Michael Douglas, in Wall Street, said greed is good.

Are the the fundemental principles that Capitalists through out the World live by–burn the Rain Forests of “LIBERTY AND JUSTICE FOR ALL”?

Totally amazing! Duh?

I don’t believe we have the option of doing nothing. But it would make me feel a lot better if there were criminal investigations of some of these guys. The ones who knew exactly what could happen. Someone (many someone’s) need to go to jail for their part in this mess. If we have to bail them out and no one goes to jail, what lesson has been learned. They will just do it again. I would like to think that some of them are ashamed of what they have done and all that has fallene because of it. But I am not naive enough to believe that they do. Again if we have to pay for their mistakes, so should they. Jail!

I say let those companies fail and send those folks to the street. There are enough smaller players to pick up the pieces. Good riddance to the people who rub each others backs for millions of bucks. The good ‘ole boy network is alive and well – if they are sent to the streets in shame perhaps it would permanently break up their little club.

I’m not so much angry as I am resigned to the fact that American capitalism has been hopelessly messed up by people who would, if they had any honor, find a way to open those sealed windows and practice their high dives. I’m resigned to the fact that, because of this massive FUBAR, times are going to be pretty tough for most people for potentially a very long time. It’s going to happen because we have allowed the system to become one built on mountains of debt and thin air, rather than quality products of some use to society.

I’m going to do okay during the coming downtime, and I’ll do everything I can to help those I care about survive, too. We’re not in a violent revolution, yet; but we’re in a bit of a war. A war for the soul of this nation, democracy, and capitalism in general. There is going to be some collateral damage in this war, just like any war. There will be some innocents wash up on the beach, and that will be very sad.

On the other hand, there will be heroes emerge. People who have some integrity and a sense of right and wrong and aren’t out just to screw the other guy. People like Robert’s grandfather. Most heroes like that emerge and are appreciated only when the need arises to stand up to the bullies who try to run our lives. We’re here to tell those bullies that they cannot, will not, and do not run our lives.

Societal collapse? Well . . . when the society becomes a cancer, it needs to collapse. The ruined society has to collapse before a better one can rise up. I don’t fear the collapse of a corrupt society, I look forward to it.

Sounds like a great line for a movie.

Why? Because I’m fed up with the lack of ethics of those in the financial and governmental systems that put us here. It’s been building up for the longest time. Remember Junk Bonds? Remember the Savings & Loan Crisis? Remember Enron? Worldcomm?

We were told that deregulation was good for the economy. Perhaps, but only if those in charge had the ethical grounding so that they self-regulated themselves. Instead, they took massive liberties that have placed us in this financial crisis.

Lincoln’s Gettysburg Address said, “that government of the people, by the people, for the people, shall not perish from the earth.” Sadly, it appears that it has, because those in government postions listen more to the corporations and special interest groups than their own constituents, so that it is now a “government of the corporation, by the corporation, for the corporation”.

You said that, “we can all wake up and see upon what beach this wave of ire has delivered us, see how many innocent have been washed away with the guilty.”. Are any of us truly innocent? Aren’t we guilty because we let the control of the government be taken away so that we are now ruled from Wall St. and Washington? Because we allowed ourselves to be lulled by promises of safety and luxury, instead of safeguarding our rights and liberties?

I can only hope that your “wave of ire” will cause some fundamental changes at the highest levels.

But I seriously doubt it.

How is it that someone gets elected to Washington and they end up being a millionaire? How does that happen on their salaries? Washington is a joke. Both parties need axed. They have no clue about middle America and they don’t care. Sen. Dodd was the biggest winner in the Freddie Mac debacle. Is he coming out saying he is wrong? Of course not. They never admit they are wrong. We are tired of the lies, the greed, the scandals and the outright inability to get our finances in order in Washington. They want to blame each other and then court us as if we are stupid.

We are through with them on Capitol Hill. Wall Street will pay because they have to in the end. But those in office who are supposed to take with them morals and a hold their offices and what they do for a living in high esteem need a dose of voter backlash. I can’t wait for the Libertarian, Green and Constitution parties to start to take over Washington.