breen234 (November 30, 1999 at 12:00 am)

To want a bailout is to give up. It is to want the gov't to fix your problems and hold your hand when you pee. The market is tough, it's evolutionary, it can't die! Unless the gov't makes it no longer free. The bailout hurts the market's freedom, it's a precursor to socialism. If you want socialism, then get the fuck out of the country! Go live in Europe or some place where the gov't will take care of you. If we live outside the gov't, we'll grow stronger. Facts of life people, fuck!

woodyaan (November 30, 1999 at 12:00 am)

K.Marx is his Capital depicts how the capitalism in its developed period turns into a socialism (as developed socialism into a capitalism), when the government intervention becomes inevitable to run the market. Therefore; the socialism structure is by default should be the societies economic basis.

woodyaan (November 30, 1999 at 12:00 am)

In 1945 Stalin in order to save USSR from post IIWW ruins issued a bailout plan- is fact he sold Obligations(bonds) to the people later on paying them off, and a bank reform- giving away a cash for construction and specific purposes to individuals with no inter.rate. If socialism- then do not finance the corporate banks, but take the model of Stalin. Ironic

narfer121 (November 30, 1999 at 12:00 am)

I am ready for the end.... are you? search Illuminati. this is all part of one big sick plan.

jprithvi (November 30, 1999 at 12:00 am)

shelby 4 president

expatjen (November 30, 1999 at 12:00 am)

OMG, Shelby sounds exactly like Lenny Bruce's "Fat Boy" character. EXACTLY. Dude was talented. Just thought I'd share.

virginlampoil (November 30, 1999 at 12:00 am)

Wouldn't it be great to be JP Morgan, buying 307B in WaMu assets, paying less then 2B, and then if congress passes the 700B bailout, selling probably 10s of Billions of Toxic Assets to us! That's perhaps a 1000% return on one days work, pretty good deal I'd say, perhaps the greatest in history.

NoObamain08 (November 30, 1999 at 12:00 am)

chris dodd is so corrupt it is both funny and sad.

ircjunk2004 (November 30, 1999 at 12:00 am)

Now, imagine I write enough CDS to insure 1T of loan. When bad times come, like right now, loan default and customers are now asking me to honor the contract. Since, I "under estimate the reserve needed to honor these contract", I go bankrupt. Imagine what happens to all these customers that depends on me to honor these contract to stay solvent?

ircjunk2004 (November 30, 1999 at 12:00 am)

Of course it is due to not enough regulation. CDS is an insurance against loan fault. Just like all insurance, sufficient reserve is needed to back up the insurance contract. Since CDS is not regulated at all, I can write a CDS contract to you with no reserve as long as you are willing to take it. That is one of the fundamental problem with this mess.