Comments on: At Least Wall Street Is Happy With The Bailout http://passingjudgement.com/2008/10/at_least_wall_street_is_happy_with_the_bailout/ and the mashed potatoes since 1978. Sun, 27 Jun 2010 17:21:16 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: billyjacks http://passingjudgement.com/2008/10/at_least_wall_street_is_happy_with_the_bailout/comment-page-1/#comment-1379 billyjacks Thu, 09 Oct 2008 15:12:09 +0000 http://passingjudgement.com/?p=181#comment-1379 EP - I checked out your site and left a comment. You put together a lot of info on the Bailout, tons of sources and very thought out. I'm still not a fan of the bailout though. It doesn't address key issues of the problem. One of your commentors said something about the analogy of "when the building is burning, don’t figure out who is to blame; just put out the fire and figure out everything else later." (quote lifted directly from the comment). I don't think that this bailout puts out the fire. It instead will result in the equivalent of trying to build a new building on top of a still burning one. Unfortunately, that fancy new trillion dollar building (700 bil for the bailout + Fanny/Freddy/AIG money) is going to go up in smoke too. Luckily for us, Nancy Pelosi is wanting another 150 billion worth of debt to give us all another stimulus check. Apparently the first 93 billion dollars worth of checks didn't solve the problem. Instead of seeking out a solution that will stabilize things, they want to shove an even bigger square peg in the round. (Don't get me wrong, I'm all for getting my money back from the government... I don't want if they intend on demanding it with interest later.) EP – I checked out your site and left a comment.

You put together a lot of info on the Bailout, tons of sources and very thought out. I’m still not a fan of the bailout though. It doesn’t address key issues of the problem.

One of your commentors said something about the analogy of “when the building is burning, don’t figure out who is to blame; just put out the fire and figure out everything else later.” (quote lifted directly from the comment).

I don’t think that this bailout puts out the fire. It instead will result in the equivalent of trying to build a new building on top of a still burning one. Unfortunately, that fancy new trillion dollar building (700 bil for the bailout + Fanny/Freddy/AIG money) is going to go up in smoke too.

Luckily for us, Nancy Pelosi is wanting another 150 billion worth of debt to give us all another stimulus check. Apparently the first 93 billion dollars worth of checks didn’t solve the problem. Instead of seeking out a solution that will stabilize things, they want to shove an even bigger square peg in the round. (Don’t get me wrong, I’m all for getting my money back from the government… I don’t want if they intend on demanding it with interest later.)

]]> By: ep http://passingjudgement.com/2008/10/at_least_wall_street_is_happy_with_the_bailout/comment-page-1/#comment-1378 ep Thu, 09 Oct 2008 05:37:09 +0000 http://passingjudgement.com/?p=181#comment-1378 Good post and good site. Would like to know your thoughts on a post I put together on why I think we need to fix the credit crisis: http://anotherdamnblog.com/index.php/why-we-need-the-bailout/ Good post and good site. Would like to know your thoughts on a post I put together on why I think we need to fix the credit crisis:

http://anotherdamnblog.com/index.php/why-we-need-the-bailout/

]]> By: Kingpin http://passingjudgement.com/2008/10/at_least_wall_street_is_happy_with_the_bailout/comment-page-1/#comment-1365 Kingpin Mon, 06 Oct 2008 13:53:14 +0000 http://passingjudgement.com/?p=181#comment-1365 2008-10-06.. My prediction is the DOW will end the day around 200 points lower then when it started.. 10,125 (+/- 15) Come on everybody.. put your two cents in on the prediction game.. 2008-10-06.. My prediction is the DOW will end the day around 200 points lower then when it started..
10,125 (+/- 15)

Come on everybody.. put your two cents in on the prediction game..

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