What do you think of the $700 billion federal bailout?

Bush threatened congress with "martial law" if this didn't get passed. He is insane. And he got 100 billion dollars of that money to do with it as he wishes.

Less than 3, I disagree. The banks didn't force anyone to take their loans.

But yeah, either way, doesnt' matter. Weather the gov't bails them out now, or bails them out later... still gonna pay.

And yeah, I'm not happy about it. I certainly don't like having to pay because someone else tried to live beyond their means, when 5 years ago I and my ex-wife got into an argument over "how much" of a house we could afford. (she said we could afford 2x as much as I believed). So yeah, good thing I won that argument 'eh seeings as we're split and I'm trying to sell a house as we speak!

Anyone wanna buy a house? I'll give ya a great deal :)

ps why less than three and not greater than two? :)

It is awesome.

I think it is basically stealing from the poor and giving to the rich.

What can we do? Nothing. The rich have the power.

Acepylut, people buying houses beyond their means is a related but serparate problem from the lack of regulations for the banking systems. If the banking system had been regulated properly then the morgage problem would have been contained.

Either way. Yay!

Doesn't really matter if they do bail them out with taxpayer money or not.

What happens when all these banks default? The taxpayer is going to foot the bill anyway, thanks to this thing called "F.D.I.C.".

So weather they bail them out now, or bail out the banks, doesn't matter, cuz the people that are going to pay are the people that pay the taxes. Not the poeple that got us into this mess with their stupid choices to "buy" a house far beyond their means to pay for it.

i think it is ridiculously stupid. they are just going to print up a shit load of money, which might as well be monopoly money, because it's not backed by anything real, and bail out companies who majorly f*cked up. companies that have become so powerful that their downfall can potentially be the downfall of an entire nations economy?? just because someone says paper has worth does NOT make it so. i'm not claiming to know anything about the economy, but it is certainly obvious that printing money that isn't backed by anything is not wise and if nothing else it decreases the value of the US dollar in a major way... do people not see this? do other countries just print up money when they need it and give it worth with words? i really don't understand...???

***i know they are not actually "printing" the money. but if you ask me this makes it even that more imaginary!