Comments on: Voters rebel at ‘fat cat’ bailouts http://www.todaysworkplace.org/2008/10/03/voters-rebel-at-fat-cat-bailouts/ Fri, 12 Mar 2010 23:17:53 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Rudy http://www.todaysworkplace.org/2008/10/03/voters-rebel-at-fat-cat-bailouts/comment-page-1/#comment-640 Rudy Fri, 17 Oct 2008 13:20:03 +0000 http://www.todaysworkplace.org/?p=968#comment-640 Can you say utter BS with regard to this bailout package? The common person/taxpayer is becoming tantamount to a "booty call"-- only called upon to satisfy the desires of others when they have mismanaged their assets because of their own avarice. The same idiots who preach for deregulation now wants government intervention. How hypocritical is that? Can you say utter BS with regard to this bailout package? The common person/taxpayer is becoming tantamount to a “booty call”– only called upon to satisfy the desires of others when they have mismanaged their assets because of their own avarice.

The same idiots who preach for deregulation now wants government intervention. How hypocritical is that?

]]> By: gloria http://www.todaysworkplace.org/2008/10/03/voters-rebel-at-fat-cat-bailouts/comment-page-1/#comment-583 gloria Thu, 09 Oct 2008 19:16:53 +0000 http://www.todaysworkplace.org/?p=968#comment-583 Diane, I agree with the spirit and sentiment of your post completely, but I'm not so sure about the call NOT to bail out the finance industry. If we let some of these financial institutions fail, what would happen? Each would be a huge black vortex that would suck it's clients and huge chunks of the economy down with it. And there's no plan even on how we could make that whole process easier for companies and people caught in the implosion. I wonder if "bailout" is really just a very unfortunate choice of words - whether the outrage it illicits is more a marketing problem than one of real substance. The paper today talked about Treasury infusing banks with liquidity in return for equity stakes, so the government - and thus taxpayers - would eventually recoup all that investment. A lifeline is not necessarily a bailout, which implies getting something for free. Those financial institutions would have to give up a lot of their independence to get that bailout, and finance execs are certainly facing a much less personally lucrative future... which even then is certainly more than they deserve. Diane, I agree with the spirit and sentiment of your post completely, but I’m not so sure about the call NOT to bail out the finance industry. If we let some of these financial institutions fail, what would happen? Each would be a huge black vortex that would suck it’s clients and huge chunks of the economy down with it. And there’s no plan even on how we could make that whole process easier for companies and people caught in the implosion. I wonder if “bailout” is really just a very unfortunate choice of words – whether the outrage it illicits is more a marketing problem than one of real substance. The paper today talked about Treasury infusing banks with liquidity in return for equity stakes, so the government – and thus taxpayers – would eventually recoup all that investment. A lifeline is not necessarily a bailout, which implies getting something for free. Those financial institutions would have to give up a lot of their independence to get that bailout, and finance execs are certainly facing a much less personally lucrative future… which even then is certainly more than they deserve.

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