Will Dems Bail Out these Criminals on Wall Street? Bill Clinton seems

[KoKo]

to think it's a good thing...and Bill Clinton thinks that Sarah Palin is and "instinctive polition" ...and "she handled herself very well." But, Bill disagrees with "them on a lot of these issues."

Also Wall St. is now going to meet with Pelosi about the NEW BAILOUT of CORPORATE CRIMINALS...

Will Nancy CAVE? ..or will she stand tall for the American People...?

OOP's ..I forgot...Nancy and Bill Clinton think that "standing tall for Americans" equates with "BAILING OUT WALL STREET CRIMINALS!

OY.........What's the difference?

[DJ13]

1. You can get the DLCer politician out of office

But you cant take the DLC out of the politician.

Once a corporate whore, always a corporate whore.

[KoKo]

3. In his interview on CNBC with "MARIA" he seemed to be "outta politics" and more

focused on "Global Issues." It was actually good to see that side of him.

[Just-plain-Kathy]

8. I thought he seemed disengaged.

If he and the misses feel they don't want to help get a democrat in the White House, I wish they'd just fad a way.

[VeraAgnes]

9. So, he better not stump for Obama.

But wait.........Obama went to Bill Clinton on 9/11 begging for help..............so what does that make Obama in your eyes?

[cliffordu]

19. Begging for help on what???

[fla nocount]

22. Blue like you. n/t

[KansDem]

2. Maybe "bail out is off the table?" (nt)

[Kurt_and_Hunter]

4. What is your alternative that doesn't hurt the poor even more?

[nadinbrzezinski]

5. You do understand that if things get worst you might not be able to cash

your pay check, or withdraw money from an ATM

Just checking....

[VeraAgnes]

11. Thank You Nadin.....

The sound of reason finally posts! Thank You again. O8)

[Captain Hilts]

6. You can't have the financial system collapse. It's that simple. nt

[fla nocount]

25. And those financial system folks are BANKING on that aren't they?

[Bake]

7. The govt. MUST do something to try to bring stability to the markets

You can bitch all you want, but a total meltdown will hurt a lot of INNOCENT people too. I don't like the bailouts, but the alternative is probably worse.

Bake

[fla nocount]

26. The gov'mint does not work for us.

I believe that said total meltdown is a planned event and that the perps will no more worry about the innocent people than they worry about Daisy when chowing down on prime rib. Their world is not melting down.

Hopefully they'll pile their plates so full of Daisy that portions will fall from the heap, bounce from the table and trickle down to you on the floor, that's your portion, it's to keep you pacified.

Much of this game, and game it is, relies on two participants. If we play the game it continues and if we don't it stops. Run from safety, safety is an illusion and a leash. Only slaves need a leash.

[freethought]

10. Actually they haven't done anything illegal

Alot of people seem to be wanting to hang Wall Street CEOs by the neck, and rightly they should, but I have to mention that a very big part of the current crisis is being cause by an instrument called credit default swaps. These things are TOTALLY UNREGULATED. There are absolutely no legislative or oversight controls of their use. Nobody knows how many of these risky financial instruments are out there.

This all came with the Financial Modernization Act of 1999 (a.k.a. Gramm-Leach-Bliley Act). Passed by congress and signed by Clinton. Nobody's hands are clean in this.

What's going on is supposed to be CAPITALISM, plain and simple. These genius financial wizards on Wall St. put these blasted things together for the double-digit returns they could make and didn't think about that one nasty work that comes up again and again-RISK. If they wanted big returns of investments they need to face the risk. In capitalism you have the potential to make big bucks or you could go down in flames based on the risk you expose yourself to. That's exactly what these idiots have done. They rolled the dice and lost, and most of these big investment banks should have known better.

One poster is correct however, A HUGE AMOUNT OF INNOCENT PEOPLE ARE GOING TO GET BURNED IN THIS CRISIS. NO DOUBT ABOUT THAT.

[sandnsea]

12. He always said that about George Bush too

Just like he said he thought we should give him a pass on the yellowcake lies.

I've had it with Bill Clinton.

[blm]

16. Of course he said Bush should get a pass on that lie - who d'ya think was helping Bush LIE to DC Dem

lawmakers and the American people? Like Daschle said earlier this year, if Bill Clinton was against the war like he claims now, he sure didn't share that with any of us in the senate who were being advised by him at the time. Bill advised them to SUPPORT Bush. Just like he advised Tony Blair.

[Raine]

13. What is your plan, have everything collapse??

:-(

[freethought]

17. No, however

I am just making some points. This current crisis is not some kind of criminal conspiracy and nobody's hands (Repub or Dem) are clean here. The finance industry showered congress with money to get what they wanted and they got it, now they're seeing the kind of fruit their greed has wrought.
I don't like the fact that we're going to drive this country deeper into debt to bail these greedy ass bastards on Wall St. as I said, these people who ride high at the top of American business should have known better but they were blinded by greed. The fact remains what's going down on Wall St. will affect Main St.. Millions of regular people have 401ks, pensions, IRAs, mutual funds, 529s and the like that could be affected. My opinion at this point is Sec. Paulson is doing the right thing but I want to know what we're going to get for it. What kind of changes or regulatory measures are going to be put forward to make sure this whole f_____g situation does not repeat itself down the road. So far I have not heard much of anything from anyone.

Some time ago someone on this board made a post that said something to this affect

Capitalism if left unchecked becomes an all-devouring monster that consumes everything around it and eventually itself. It cannot exist in a vacume.

[mrJJ]

14. Dont splinter now

Dont allow this to become a wedge issue. That side... this side. There should only be ONE side. If a penalty is deemed neccesary then go for it. Its imperative to move forward. But the last thing to do is RUSH. It took a long time to build up this house of cards. It cant and wont be fixed by waving a magic wand or throwing fistfuls of cash at it.

The US depends on a strong economy to foster the welfare of its people... ALL people... no matter what your color, religion, gender. social status or income level.

They broke it.. but believe me... WE got to fix it.

[WeDidIt]

15. Don't you understand? There MUST be a bailout

I do believe that we could hold some Excutive Vice Presidents and CEOs criminally liable after the election (because face it, Bush ain't gonna arrest nobody over this)

[OneGrassRoot]

20. More information, please, about the criminal liability...

I'd love to know how that would work. :) Thanks

[freethought]

21. There really isn't any

Look, as bad as this situation is, nothing illegal has gone on. It was not illegal for these investment banks to create financial instruments backed by sub-prime mortgages nor was it illegal for them to market them, and it wasn't illegal for Wall St. to create/market/sell these credit default swaps.

What this is a textbook example of capitalist excess accompanied by greed, bad judgment,
unjustified faith in deregulation, a total lack of regulatory oversight and the toxic effects of K Street lobbying. You put them all together and you get a meltdown of historic proportions.

This is capitalism, plain and simple. If you gamble you could wind up a big winner, you could also wind up nose-diving in fiery crash. It all had to do with RISK and that didn't even seem to enter the minds of these Wall St. a_____e fat cats, who think they are smarter than the rest of us peons> They thought, and thought wrongly, that home prices would always go up and debtors with far less than perfect credit would pay their mortgages. Wall St. thought this party would go on forever-needless to say it didn't.

[OneGrassRoot]

29. Thank you. I just saw this. :) n/t

[Pale Blue Dot]

23. NO. That is a false meme.

There does not HAVE to be a bailout. A bailout does nothing but push the collapse a short time into the future, where it will be even more severe. Democrats need to SLOW DOWN and learn about what they are rushing to do.

[fla nocount]

27. MUST ? Strong words.

No blue dog DLC Dem is going to arrest anyone either. Not having my grandchildren in hock for this generations foibles by letting the dough fall in on itself might be the kindest cut.

It's not like we have any choice, the pieces are in motion and the proles aren't being asked for input, be ready to pick up the pieces. Feed yourself, clothe yourself, shelter yourself and feel the confidence that comes from someone courting you to participate in their scheme.

[Tierra_y_Libertad]

18. Of course they will. They work for the same masters as the repugs.

Of course, they'll pretty it up with a load of handwringing and talk about "saving" us while doing what the real bosses command.

[kentuck]

24. Where do you think Bill and Nancy have their millions invested?

That is a problem.

[KoKo]

28. Far off where US Regulation Changes will NEVER..never ...touch them.............

:cry: Talk about "out of touch"..........