Originally Posted by NickRac

First of all...If the money goes to the people who need to pay off the mortgages they foolishly rushed into what makes you think that they will put that money towards their outstanding mortgages?

Government oversight. duh.

Secondly...you seem so passionate about helping the people who are in bad standing with their mortgages...why?

i'd rather give it to people that are in trouble than to multi-millionaires who are going to benefit from the money provided by the bailout plan

If you're money goes to them, they get a "free" on your dime. Why is this a better use of your money than the corporations, who yes abuse the money, but directly add value to the economy on large scale levels *COUGH* CREDIT *COUGH*

ummmm....banks can't give credit or loans right now because of all the bad mortgage loans they are sitting on right now....pay those bad mortgage loans and the credit crunch goes away

Additionally let's not forget this isn't actually a bail out, rather a very discounted repurchase of these highly volatile and risky assets. Although ideas are still going to be thrown around the basics of the plan is to buy the securities at 60 cents on the dollar. The big companies still post huge losses but are still able to function.

Lastly, it has been pushed and pushed...the plan (although no definate plan now) is designed (hence the 60 cents on a dollar) to eventually return a profit to tax payers. Yes, the corporations get a big hand and are being saved from going under - but this is necessary for our economy.

Stop with the hippy "make the big corporations pay!" bull shit. We can't function without them. Imagine how successfull your life would be at this point with NO credit system in place...this means no credit cards, no mortgages, no small business loans, no bar tabs!

umm...they should still let the cards fall where they may.....i say no "bailout"! just my