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Bail outs: Do you believe federal tax dollars should be used to bail out private companies and financial markets?
Comment: Private is just that "Private".
I think that the government has no business in the bailout business. What's to keep them from getting into hotwater again? Will they be paying us back? with interest? If not they should. from Pensacola by Timothy
Comment: I THINK THEY SHOULD BAIL THE COMPANIES OUT AND THEN FREEZE THE ASSETS OF ALL THE TOP EXECS. TO HELP PAY FOR IT. JAMES from MILTON, FL by JAMES
Comment: It is rewarding those who gambled and lost. Let these companies fail. And for those that bought house they couldn't afford and would never have qualified for 30 years ago...rent an apartment! from Pensacola, FL by David
Comment: The govt. can't bail out folks if it doesn't have any money. Our deficit is about $10 trillion. Printing more money doesn't do it. from Milton/FL by T
Comment: Check the national debt clock at: http://brillig.com/debt_clock/
This irresponsible behavior is what got us in our present situation. from Milton/FL by Joyce
Comment: only when necessary to protect
the financial system of our
country. from pns,fl by john
Comment: This is not a socialist or communist society. This is a democratic, free market society. The federal government has been mettling with the market for years, but this time they have gone too far. from Pensacola, FL by Michael
Comment: Absolutely not. No Taxpayer Dollars should be used to bail out Private Companies period. from Navarre Fl by Larry
Comment: Having lost my own home to foreclosure, due to the the downturn in area construction, MY mortgage holder was unwilling to work with me, and sold my house at auction for 1000s less than the original purchase price, thus, losing the 9.5%/30 years interest income they would still be earning, had they worked with me, and allowed me to keep my home. They are Greedy, and unconcerned with the welfare of this nation. They just want to get richer and fatter, now it has bitten them in the ass, and they should be allowed the same consideration they gave me, and thousands of others,....when your plans dont go as well as you would have them. Its their fault, why am I now expected to bail them out, with taxes from my meager paycheck? May They BURN, in HELL! from Pensacola, Fl. by Phillip
Comment: gee...sounds like the president and his fiends were going to lose their pants off...gee it must be nice to privatize gains by these private companies by utilizing public funds to shore up their risky speculations...but then again, this is what most conservatives are looking for...to enrich themselves at the expense of others... from p'cola fl by h
Comment: and one more thing...what is the pay differance between the top of company and the lowest worker? from p'cola fl by h
Comment: Yes, unfortunately we have no choice but to provide loan guarantees to the financial institutions that allow our economy to function.
The problem is not simple. The starting point of the 'blame' pyramid is 1) the combination of borrowers who borrowed more than they could afford, 2)the mortgage individuals and firms that approved the loans, and 3) the general lack of economic and financial education and understanding by our citizens.
Yes, those who bundled up the mortgages have some blame, as do those who resold them without adequate disclosure regarding the risk.
The moves to keep our financial system afloat are in our best interests. Now, if we could just understand that we're all in this together and get back to work, we'll get out of this dumpster. If we do nothing but whine and play victim, the U.S. economy is done. from Pensacola/FL by Rick
Comment: I believe the bailout of Fannie and Freddie were ok because they dealt in the secondary market, but bailout of private commercial entities is not an appropriate use of public funds. Offering security for the insurees should have been the extent of the bailout as well as perhaps the collection of future premiums sufficient to cover that security would have been a more prudent action! from Pace, FL by Barbara
Comment: I think that the goverment is doing the American people wrong. If I was having the same kind of problem , I would have to sale what I have to make ends meet , but I see that if you make millions you can used taxspayers dollar to bail you out of the problem you put myself in . Now who's playing who,(Don't pour water down my back and tell me it raining outside) this is what I think about this bail out , it's not right and not fair to those who have to work two jobs to pay bills , feed families and pay for the high price of gas . IT'S NOT FAIR.... from Pensacola by Elmer
Comment: If the federal government went around and "bailed-out" any and all private businesses; just think, they can't manage a budget of their own, and they want to be savior to everyone? In the first and only place, I do not pay my taxes so I can see them used to bail-out someone who has biten off too much to chew. If we're not very careful, the American dream is going to turn into an ugly nightmare----that won't go away for a very long time. from Mary Esther, FL. by Tom
Comment: NO!! Definately NOT! Companies of all kinds need to have insurance and diversify in their investing in order to stay in business. Are we going to have to keep bailing these companies out? Look at the Florida homeowners who did not have insurance through a "certain company" and are having to pay for their default! Not right! If you are going to stay in business...act like it and be aggressive and smart about it! from Milton, FL by Kim
Comment: There is no excuse for bail out without a take over. Buisness really doesnt work any other way. and in any take over buy out all the top brass are fired and inquisitioned. that is the real world come on sarah palin! from mobile AL. by steve
Comment: If I owned a small business and it failed would the Government bail me out. These businesses should not be rewarded for bad decisions. from Niceville, FL by Sherri
Comment: If they had of used just a little bit of common sense to begin with they would not be in the situation they are in now--do not make loans to people who can not repay them!! from Crestview, FL by Ernest R.
Comment: Under normal circumstances the government should not bail out private companies, but in this case it seems that the repercussions to the whole economy would be so great that a Federal bailout is warranted. However, that said, the feds should put in place regulations and oversight that will prevent this from happening again. from Pensacola / FL by Mike
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