Do not bailout

Congress felt bullied by Mr. Paulson last year...TRUE

2009-07-17T20:37:00.000-07:00

http://www.nytimes.com/2009/07/18/business/18nocera.html

.....
In retrospect, Congress felt bullied by Mr. Paulson last year. Many of them fervently believed they should not prop up the banks that had led us to this crisis — yet they were pushed by Mr. Paulson and Mr. Bernanke into passing the $700 billion TARP, which was then used to bail out those very banks.
..........

The article supports Mr Paulson but what I think is reflected in the above paragraph.

Ben Bernake, please resign your job!

2009-07-17T19:56:00.001-07:00

With the government help, now the banks have made plenty of profit. It infuriates me so much.

Soon the bank executives will get hefty bonus. The same bastards who caused all the financial melt down are going to get big bonuses again!

Still the government does not have any regulation. And is no where in sight!

I do not think anything would have happened even if no bailout had been done. Just Henry Paulson and Ben Bernake wanted to help their pals in the financial industry using tax payer money. They robbed tax payer money and helped the other robbers - bank executives.

The smart people at Federal reserve and Treasury could not prevent any of the financial fraud but they say that they used tax payer money to prevent the financial system collapse!

Henry Paulson did not have any clue of the financial industry and he should have quit the job! Ben Bernake also does not have any clue! It is still not too late for him to resign his job!

Do not bailout large banks and companies!

2008-09-30T05:04:00.000-07:00

Do not give more money to the CEOs to gamble more!

It does not make the CEOs accountable for anything but still get paid millions of dollars. Take back all of their salaries when they fail the company!

Don't use tax payers money to bailout large banks and companies!

Is it a capitalist economy or socialist economy? The government does not have any authority to take tax payers money and give it to the CEOs who created this mess.

Any bailout is not going to help our 401k. The bailout would only help the highly paid CEOs!

If the government is going bailout big companies, then the government should return us all the money that we lost in the stock market.

Somebody should file a lawsuit against these bailouts.

Time Magazine -
Let Risk-Taking Financial Institutions Fail
The article says "Follow the money. Average Joes and Janes are not the holders of the other side of complicated, over-the-counter derivatives contracts. Rather, hedge funds are the main holders. The bailout will involve a transfer of wealth — from the American people to financial institutions engaging in reckless speculation — that will be the greatest in history. "

And this is exactly true and that is why there should not be any bailout for these banks!