Comments on: Heads They Win, Tails You Lose: Why the Bailout Plan Will Fail U.S. Taxpayers

By: Some Blog Site » Blog Archive » Not a Bailout

Some Blog Site » Blog Archive » Not a Bailout — Thu, 11 Dec 2008 04:06:03 +0000

[...] for Detroit auto companies. It is not a bailout. They are asking for a loan. A bailout is what the financial companies got: billions of dollars with no questions asked, no strings attached, and repayment is [...]

By: How U.S. Missteps Triggered a Spiral of Worldwide Margin Calls and Deepened the Financial Crisis | triggereventstrategist.com

Tue, 09 Dec 2008 01:17:23 +0000

[...] not going to be okay because the plans that Treasury and the Fed have put forth weren’t plans to begin with. They are reacting, moment-by-moment to the [...]

By: Bob Cornell

Bob Cornell — Mon, 08 Dec 2008 08:40:08 +0000

Hi there to all,
The current economic problem is the "pits". But, whose to blame for this situation ( and this is extremely important). It's
basically the American taxpayer for letting Congress; et. al.; "get by with such chinanagins".
If America didn't have such tremendous debt, I think we'd be O.K.
If any budget surplus would be applied automatically to reduce our debt, I believe again, that we would be O.K.
Instead any surplus has gone to build roads and bridges to help get the sitting Congressmen re-elected.
Since 1878 there has been such a bill presented to Congress
that would hopefully bring close to a balanced budget.
Instead the the bill has never made it to the floor. It was either tabled or simply ignored.
Thomas Jefferson is most probably known for his quotations.
One of his most famous is " The American taxpayer has the
responsibility to see that his country is managed properly."
It appears that we have been shirking our responsibility by letting someone else do that for us. (those that we elect to represent us.)

Many thanks,
Bob Cornell
bobwcornell@comcast.net

By: For the U.S. Economy in the New Year, the Pain Will Precede the Promise

For the U.S. Economy in the New Year, the Pain Will Precede the Promise — Mon, 10 Nov 2008 21:33:40 +0000

[...] Money Morning Credit Crisis Investigative Series: Heads They Win, Tails You Lose: Why the Bailout Plan Will Fail U.S. Taxpayers. [...]

By: Jutia Group - Market Jitters & Political Critters

Jutia Group - Market Jitters & Political Critters — Mon, 10 Nov 2008 15:45:53 +0000

[...] Money Morning Credit Crisis Investigative Series: Heads They Win, Tails You Lose: Why the Bailout Plan Will Fail U.S. Taxpayers. [...]

By: Study of Great Depression Shows Intervention Postpones Foreclosures, But Causes Mortgage Rates to Spike

Thu, 06 Nov 2008 14:31:59 +0000

[...] Money Morning Credit Crisis Investigative Series: Heads They Win, Tails You Lose: Why the Bailout Plan Will Fail U.S. Taxpayers. [...]

By: Credit Crisis Expert Says Proposed Plan to Bail Out Delinquent Homeowners May Face Too Many Problems to Succeed

Fri, 31 Oct 2008 12:44:39 +0000

[...] Money Morning Credit Crisis Investigative Series: Heads They Win, Tails You Lose: Why the Bailout Plan Will Fail U.S. Taxpayers. [...]

By: Bush Administration Proposing Plan to Bail Out Delinquent Homeowners

Bush Administration Proposing Plan to Bail Out Delinquent Homeowners — Thu, 30 Oct 2008 19:07:04 +0000

[...] Heads They Win, Tails You Lose: Why the Bailout Plan Will Fail U.S. Taxpayers. [...]

By: Fears of Mortgage Rate Re-Sets May Fuel LIBOR Manipulation and Mask Deeper Banking System Problems

Thu, 23 Oct 2008 13:20:56 +0000

[...] Money Morning Special Investigation of the U.S. Credit Crisis (Part V): Heads They Win, Tails You Lose: Why the Bailout Plan Will Fail U.S. Taxpayers. [...]

By: How U.S. Missteps Triggered a Spiral of Worldwide Margin Calls and Deepened the Financial Crisis

Tue, 21 Oct 2008 17:09:17 +0000

[...] not going to be okay because the plans that Treasury and the Fed have put forth weren’t plans to begin with. They are reacting, moment-by-moment to the [...]

By: Dow Zooms to Record Gain Yesterday on Reports The Government Will Reveal Banking Bailout Plan Details Early Today

Tue, 14 Oct 2008 09:25:21 +0000

[...] Treasury Department would take the equity stakes in banks using authority it was granted under the $700 billion bank rescue plan enacted two weeks [...]

By: The current global financial crisis at raining ktula

The current global financial crisis at raining ktula — Fri, 10 Oct 2008 06:48:28 +0000

[...] Money Morning Special Investigation of the U.S. Credit Crisis (Part V): Heads They Win, Tails You Lose: Why the Bailout Plan Will Fail U.S. Taxpayers. [...]

By: Credit Crisis Update: An Inside Look at the Commercial Paper Debacle | Jutia Group

Thu, 09 Oct 2008 16:31:29 +0000

[...] are just not enough. Unfortunately, the Treasury plan signed into law by President George W. Bush is unlikely to work for myriad reasons [A special Money Morning report details just why this bailout plan will not [...]

By: Credit-Crisis Update: An Inside Look at the Commercial Paper Debacle

Credit-Crisis Update: An Inside Look at the Commercial Paper Debacle — Thu, 09 Oct 2008 10:34:32 +0000

By: By Relaxing “Market-to-Market” Rules, Has the U.S. Switched Off its Financial Crisis Early Warning System? | Jutia Group

Wed, 08 Oct 2008 15:08:51 +0000

[...] part of the just-passed U.S. bailout bill, the government has reiterated the Securities and Exchange Commission’s authority to relax [...]

By: By Relaxing “Market-to-Market” Rules, Has the U.S. Switched Off its Financial Crisis Early Warning System?

Wed, 08 Oct 2008 08:00:30 +0000

[...] part of the just-passed U.S. bailout bill, the government has reiterated the Securities and Exchange Commission’s authority to relax [...]

By: jeff richards

jeff richards — Tue, 07 Oct 2008 05:34:30 +0000

This is totally disgusting. All we read in the press is the Bail-out of a banking crisis……

Well…lookie here…what the so-called "bail-out"…ALSO INCLUDES !!!!!

Sec. 101: Extension of alternative minimum tax relief for nonrefundable personal credits.
Sec. 102: Extension of increased alternative minimum tax exemption amount.
Sec. 201: Deduction for state and local sales taxes.
Sec. 202: Deduction of qualified tuition and related expenses.
Sec. 203: Deduction for certain expenses of elementary and secondary school teachers.
Sec. 204: Additional standard deduction for real property taxes for nonitemizers.
Sec. 205: Tax-free distributions from individual retirement plans for charitable purposes.
Sec. 304: Extension of look-thru rule for related controlled foreign corporations.
Sec. 305: Extension of 15-year straight-line cost recovery for qualified leasehold improvements and qualified restaurant improvements; 15-year straight-line cost recovery for certain improvements to retail space.
Sec. 307: Basis adjustment to stock of S corporations making charitable con tributions of property.
Sec. 308: Increase in limit on cover over of rum excise tax to Puerto Rico and the Virgin Islands.
Sec. 309: Extension of economic development credit for American Samoa.
Sec. 310: Extension of mine rescue team training credit.
Sec. 311: Extension of election to expense advanced mine safety equipment.
Sec. 312: Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico.
Sec. 314: Indian employment credit.
Sec. 315: Accelerated depreciation for business property on Indian reservations.
Sec. 316: Railroad track maintenance.
Sec. 317: Seven-year cost recovery period for motorsports racing track facility.
Sec. 318: Expensing of environmental remediation costs.
Sec. 319: Extension of work opportunity tax credit for Hurricane Katrina employees.
Sec. 320: Extension of increased rehabilitation credit for structures in the Gulf Opportunity Zone.
Sec. 3 21: Enhanced deduction for qualified computer contributions.
Sec. 322: Tax incentives for investment in the District of Columbia.
Sec. 323: Enhanced charitable deductions for contributions of food inventory.
Sec. 324: Extension of enhanced charitable deduction for contributions of book inventory.
Sec. 325: Extension and modification of duty suspension on wool products; wool research fund; wool duty refunds.
Sec. 401: Permanent authority for undercover operations [as related to tax provisions].
Sec. 402: Permanent authority for disclosure of information relating to terrorist activities [as related to tax provisions].
Sec. 501: $8,500 income threshold used to calculate refundable portion of child tax credit.
Sec. 502: Provisions related to film and television productions.
Sec. 503: Exemption from excise tax for certain wooden arrows designed for use by children.
Sec. 504: Income averaging for amounts received in connection with the Exxon Valdez litigation.
Sec. 505: Certain farming business machinery and equipment treated as five-year property.
Sec. 506: Modification of penalty on understatement of taxpayer’s liability by tax return preparer.
Sec. 601: Secure rural schools and community self-determination program.
Sec. 602: Transfer to abandoned mine reclamation fund.
Sec. 702: Temporary tax relief for areas damaged by 2008 Midwestern severe storms, tornados and flooding.
Sec. 704: Temporary tax-exempt bond financing and low-income housing tax relief for areas.
Sec. 709: Waiver of certain mortgage revenue bond requirements following federally declared disasters.
Sec. 710: Special depreciation allowance for qualified disaster property.
Sec. 711: Increased expensing for qualified disaster assistance property.

Seriously, did they think no one was going to read this thing? “Increase in limit on cover over of rum excise tax to Puerto Rico and the Virgin Islands”? “Seven-year cost recovery period for motorsports racing track facility”? “Extension and modification of duty suspension on wool products; wool research fund; wool duty refunds”?
I especially like Section # 322

By: Joe LaRue

Joe LaRue — Tue, 07 Oct 2008 03:51:11 +0000

How is this plan suppose to help my struggling steel business in florida. Is there a designated bank to contact for an emergency bailout loan for my companies problem. Or …am I s— out of luck. And I'm dead serious.

Please tell me!!!!!!!!!!!!!!!!!!!!!!

Thanks.

By: Greg Gau

Greg Gau — Tue, 07 Oct 2008 00:52:01 +0000

I'm guessing that we the people Of this United States are again at the complete control of leaders who say they are helping us. They, I truly believe, really don't care of us the
peole who pay the bills. It's my money that I need to support my family. Democrats/Republicans whoever its time to get us back in the prosperity game. Find the people bilking our system and make them pay what the rest of us pay. Quit the freeloading and sign up for the tax cycle like the rest. Or get out!!

By: Joe L. Henderson

Joe L. Henderson — Mon, 06 Oct 2008 20:06:35 +0000

Another stupidity, how are all the silver bullets supposedly to be fired off help investors who can't invest, noninvestors who won't. or somehow supposedly help a mortgage market not realistically repricing actual worth of the bad deals they have
made. Real estate is worth precisely what one will pay and another take…and who will loan money on that! In the Depression, homes were reevaluated and notes and interest adjusted to keep financial institutions from collapse…it was not based on milk of human kindness but in realizing all the real estate in the world was worthless when it could not be sold.

By: Joe L. Henderson

Joe L. Henderson — Mon, 06 Oct 2008 20:02:24 +0000

When this abomination surfaced I emailed both the DNC, RNC and all activist groups that have emailed me. My statement was I would vote NO for any YES voter running for reelection.
In the interim before the final vote, I received our absentee ballots. I checlet voting records, and voted as I had stated.
For the Presidency we held our noses. For the rest, a plague on both houses but at least some showed courage, and, got our votes! Recession, my eye, the word no one wants to mention is DEPRESSION and that is where overpriced and and overvalued stocks, bonds, and mortgages are taking us at increasing speed.

By: Bill Vaughn

Bill Vaughn — Mon, 06 Oct 2008 19:03:20 +0000

Stop already with the idiotic Bush bashing. You want to blame someone, start with Jimmy Carter and his massive giveaways. Then go to Billy Clinton who started the bankruptcy of America with his greed. He placed Paulson, Raines, Johnson, and Gorlich among others to insure America's defeat. No, it wasn't Bush. His big mistake was to keep the Clintonistas as his advisers on in his administration. Question of the day: what CIA Director when asked by Bush if there were WMDs in Iraq said," It's a slam-dunk, Mr. President..."; and who appointed that CIA Director..hum-m-m?

By: K.J. Gyorkos

K.J. Gyorkos — Mon, 06 Oct 2008 18:47:36 +0000

My Question is simple, Can anyone tell me who signed the PORK in the bailout plan? I would like the individual that did that to be published, so We as Americans can ask the Poeple that elected these involved, my our money should go to any Wooden Arrow Company………..Very Confused

By: Anna Gaines

Anna Gaines — Mon, 06 Oct 2008 18:15:04 +0000

This was all a plan by the Bush Administration to complete the
sell out of America as we know it now. The North American
Union has been the reason he was put into the Presidency by
the Globalist Corporations. He vowed to complete the NAU
before his term was up. Is it up now? You decide.

American has been sold out by the give away to Wall Street,
nobody would believe this will work to the advantage of the
country! This only saves those corrupt corporations who have
spent our money so freely.

Now is the time to print the 'Amero' and old American dollar
will be gone forever! That was the plan! We have more to
come, surprises on the way!

By: George

George — Mon, 06 Oct 2008 15:39:00 +0000

Shah Gilani ..you are a great article contributor editor..What americans ignore is that Osama Bin Laden is hiding in WallStreet , somewhere in the corporate buildins of JPMorgan, Sachs, Lehman …you name them..better yet…Osama IS WallStrret..it finally destroyed the empire thru bankruptcy…the new dollar will be called American Peso !!

Cheers !!