SFexBOY

Bailout vote so far......74=Y, 25=N

SFexBOY

bill has been approved

5speed6 v.2

...sucks that taxpayers are footing the biil, but at least it'll hold the market together for a while.

NYC_S

the 700bil dollars that the bail out plan proposed?

That seems like double jeopardy.

Hope this really works...

5speed6 v.2

...the pockets of all the top execs.

Did you see the news stories of what some of them still stand to earn???

100's of million dollars....absolutely rediculous!!!

quattrothatcould

It's just going to delay it. If I learned anything from my HS Econ class, its that the market has a natural undulation...

SlickBlackS4

while the gov't is fronting the 700bn they are buying assets.... this isn't simply throwing away $700bn...

the chances of 100% default on the loans is so very slim and you would need for all of these loans to go to 0 for this to actually cost $700Bn..

also remember this will be an interest bearing fund and the yield on some of the assets (depending on the auction price the gov't pays) will be huge. that yield will then go to the tax payers.

Finally consider a few other things.... look at what happened to GE today when there CDS was trading at 600 over!!! its a AAA company and it was trading at ridiculous levels... this effects GEs ability to fund itself and therefore the 300K+ people that work there. companies depend on commercial paper for day to day operations and to pay bills (such as your pay check) and frozen credit markets make that very difficult if not impossible..... this rescue bill is crucial for everyone...

and remember.... NOT EVERYONE on wall street is rich.

5speed6 v.2

of course there will be...you can't write up a $700M plan in a few days to fix a Billion dollar problem fueled by greed and stupidity that happened over 5 years.

Tenacious auDi

amazing the unrelated crap they shove into a bill.