Do you think the govn’t should give Wall Street the $700b?

@Stupid 178191 wrote:

hehe, I love this Wall Street – Main Street thing. There is no better indicator of Americans having no idea how their economy operates than the WS-MS

Well it don’t look like the folks you are putting your trust in know anything either or we would not be where we are today.

Even the ‘experts’ do not know if that plan will work. It’s easy to tell people they are clueless without offering suggestions.

Do you have a better plan or know how to fix this?

Well, I don’t like using the WS-MS terminology, but Main Street will always depend on Wall Street and vice versa because they are basically a two-lane highway. ” title=”” class=”bbcode_smiley” />

WS-MS are terms unique to the United States, I don’t know why, maybe the historians do. You will never hear a German talking about Börsenplatz and Hauptstraße or the Japanese talking about Nihombashi Kabutocho Street and Main Street. I guess people in other countries understand that one cannot function without the other.

And what’s up with all this player-hater tone lately? Since when none of us want to be fat cats?!?

I don’t think that folks that don’t agree with the bail out should be judged as ‘un-informed’ like those that support it want to say they are. I don’t think it’s hate. Atleast not on my part.

I really dont know what to think but i think ill be buying some stocks this week and count on that 700 billion loan LOL.

@Stupid 178195 wrote:

Well, I don’t like using the WS-MS terminology, but Main Street will always depend on Wall Street and vice versa because they are basically a two-lane highway. ” title=”” class=”bbcode_smiley” />

I guess people in other countries understand that one cannot function without the other.

The problem is there has been a shift in the equity pie in recent years in the USA.
Corporations would share more of the pie with those that helped them get profitable in first place, the workers. I base this conclusion solely on my career in high tech from 1980 through 2004 (when I got tired of getting laidoff.)

What’s funny is the Democrats are up for re-election as well and seemed to go out on a (political) limb none the less.

Not to get entirely off topic but I caught some of Bill O’Reilly and was not too pleased the way he tried to pin this solely on the Democrats. O’Reilly is all about money, he hates the fact that Obama might raise his taxes. Then he went on about the division, FNC is the king of dividing the country and cash in on it at every turn. I had to change the channel. The worst is Sean Insanity. This guy is just plain bad for the countrty.

There are two or three people on tv I trust to be fair and balanced, Wolf Blitzer and Charles Krauthammer, maybe Ben Stein to some extent.

In any event the Polosi speech was an old one, I’v heard those lines before, so have the House Republicans. They really could have come up with something other than she pissed off a dozen conseratives. She should have said nothing, but the punishment clearly out weighed the crime.

Main Street will always depend on Wall Street and vice versa

I agree, however, neither should expect, or be dependent on the other to keep them from failing, which is unfortunately where we find ourselves today regardless of who is responsible,….and why the people are so pissed off.

If the final product of this Bill sufficiently protects Mainstreet for benevolently propping up Wallstreet in order to protect Mainstreet, then the MOST important thing after that is to make sure that Wallstreet is properly regulated so it can NEVER take advantage of Mainstreet again,…and vise versa!” title=”” class=”bbcode_smiley” />

Again, JMO

The fat cats that lost their money yesterday were are parents, friends, relatives, neighbors and us. If you own a mutual fund, or have a pension or even an insurance policy it’s invested i a combination that is almost entirely publically traded stocks (insurance tend to have more real estate holdings, than other groups).

Sure the wall street types are losing millions, but that’s because they own securities just like majority of american families.

When will my retired parents need my help? When will my children’s education fund come back? When will my homes be worth as much or more than my mortgages (i put 30% down on 1 place and 30% on the other)?

Those who didn’t want the bailout, how much more can the private (vs $750 bill to public) sector take? Are you telling use you think what’s happening is less expensive than the bailout or is this about getting a pound of flesh from the financial industry or being a strict free marketer?

Bad things will keep happening for days, weeks, maybe longer. The comeback could take months, years or like the collapse of the japanese stock and real estate market in 1989, it could take 20 years.

So it’s really great how McCain supposedly supported this bill, he can’t get his party to vote for it, so it’s Obama’s fault.

Why is everyone selling off their stock and helping this crisis get worse?

The Stock market know that congress is working on a deal and I don’t think they are doing their part is this at all! Congress will get a bill passed so by everyone blaming congress and taking the money and running is not helping anything and is part of the problem.

When a deal was not reached yesterday it was obvious that more time was needed to get 10 votes so everyone needs to do their part and stop blaming congress for a problem that Bush knew was coming over a year ago.

I blame John McCain for saying that he was going to get a deal when it was HIS guys that did not do thier 50% of the votes which is fair and necessary to get this done!

I think the Bill is going to pass soon enough, and when it does pass, the market will shoot right back up, so I’m really not too concerned about that aspect myself.

I do hope I’m right on that one. LOL

I still contend that the main reason for a good number of the No Votes was Political due to them being up for election in a few weeks.
If they are in a close race at home for their Seat, they almost had to vote no, AT least once, to appease voters that they are holding out for a better deal the voters.

They will tweak the Bill a little here or there, and get the extra 10 votes they need to get it thru the House.

Like you say, Mainstreet has a stake in Wallstreet too, so as unpopular as this Bill is, and as much as it pains us, and even as risky as it may seem, it just needs to get done, IMO.

Why is everyone selling off their stock and helping this crisis get worse?

Because 90% of the companies run on credit. Which they cannot get right now. This in turn affects the remaining 10% – Google, for example, lost 10% of it’s value last time I checked.