Why bail out Fannie Mae, Freddy Mac, Lehman

[Kewl_Prez]

Bros., etc? ? Let the feds simply take the bonus money paid out to the principals over the past few years and apply it to the red ink. These officers of the companies do not DESERVE to be paid for running their companies into the ground.

[Bill K]

Look to the cause not the result. The democrat controlled congress passed banking legislation that forced banks to approve loans to those who would not have qualified before (the working poor). The banks then offered variable rate mortgages to offset the risk of these loans. The economy tanked slightly and the loans failed. On banks books, loans are assets. Assets=Liabilities + Equity. As the assets became worth less, the equity had to do the same. In order to prevent an economic calamity, the President had to do what he did but it is the FAULT of Congress.Focus people on the root cause of these issues.

[bruce c]

bail out me i bought a hummer i couldnt afford,how is it any differrent than a home loan? if a bank says i can do a 400ik loan its my fault to believg them

[Jd S]

no they dont. however, obamas economic advisor, frankin raines took 50 million while inflating and overstating profits. obama has asked him to give 25 million back while keeping him as his econic advisor. u think that will happern? is the change we need?

[doubleolly]

Does it really matter---the feds and the Nation's taxpayers are on the hook either way because of the Monetary System we now live and operate under.Credit based, with money created anytime it is wanted by the Congress. All FRN's are put into circulation by loaning thru the banks or to our Government with added interest of course.---We The People do not have a chance because the hidden tax of inflation will always keep ahead of the labor performed by its Citizens.