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Originally posted by disgustedbyhumanity
You are uninformed because you believe this bailout will cost us money.
Goldman Sachs Group Inc. and Morgan Stanley may be among the biggest beneficiaries of the $700 billion U.S. plan to buy assets from financial companies while many banks see limited aid, according to Bank of America Corp.
Originally posted by TXMACHINEGUNDLR
Tomorrow the market is going to tank. By 2PM the government is going to have to freeze the market. Come Monday if no deal is passsed there will be a 1929 style run on the banks. You had all better hope they pass the bill, or we are in deep sheeet.
Originally posted by rattan1
Bottom line is that the Bailout will have to go through. I agree that Tax payers should not pay for the mistakes of Greedy Banks. However, if the Bailout does not go through, we still lose.
Without the Bailout, stock market will be in Panic mode. Banks will be stuck with Toxic Assets. Banks will stop lending money as some has already started to do... some business in need of those those loans can't operate and people like you and me start to lose their jobs and those responsible for the crisis who are already rich will not be affected or not as much as our lives will.
So its either we pay for their mistakes or we lose everything.