Corporations,Government -Here's A Good Answer To It All  

In 2004 John McCain and Alan Greenspan along with three other good servants of the American people sounded the alarms that Fanny Mae and Freddy Mac was headed for a hard crash and if they let that happen we will be walking in to a depression our economy will crash and burn top to bottom.
It was turned over to Nancy Poloise and Barney Frank for an investigation they in the end said John McCain and Allan Greenspan and the few others sounding the alarms was full of crap everything was sound with both Fannie Mae and Freddy Mac.
The deceptive cover up starting with Barney Frank beings he heads the finical community was they all was fleecing many millions out of Fannie Mae and Freddy Mac,so Barney Frank gave a falsified investigation report to protect his and his buddies interest in Fannie Mae and Freddy Mac,it was a golden money cow for the mall.
At you tube there is a big on the air fight Bill O'Railly gave it to Barney Frank this week and it sure got dammed hot,Bill O' was so angry, I have never seen Bill O' this angry in all the years I have watched him at Fox news.
You can view it at you tube just do a search Bill O'Reilly-Barney Frank/Fox news.

It is possible we are going to waste 900billion dollars why not divide the money among the tax payers

To do what with? You can give people money but you can't dictate what they do with it so there's no guarantee that those mortgages would be paid off.

Giving each American $1 million would cost the government $300 Trillion so, while that certainly would be a nice stimulus check, it's not the solution.

Bailing out Wall Street leaves a bad taste in my mouth but, unlike your company and the small business owners I know personally, you don't have pension plans that have invested in the stock market. Not only do I want my pension plan to still be viable when I retire, I worry about the hundreds of thousands of retired Americans who depend on that income right now to survive. What would happen to them if those funds were wiped out completely because Wall Street collapsed? Individuals with IRA and 401k investments would also be hurt.

It would be called a bad investment. So they lose. Not all investments provide a return.

My tax dollars are not responsible for bailing them out of trouble. Just like your tax dollars should not responsible for helping my company from going under.

The give every American citizen $1 million is a figure of speech. It would only make things cost more because the value of the dollar would collapse and is another problem within itself.

PS My company IS my retirement. So why should I and other business owners be excluded? Maybe the government should give $700 billion to small businesses to provide retirement plans for employees? That sounds like a better idea than helping the ones who could have cared less that their actions would catch up to them. I say they did it to themselves and should be penalized for their actions and not rewarded.

"It would be called a bad investment. So they lose. Not all investments provide a return."

And you would be comfortable allowing hundreds of thousands of elderly Americans to be needlessly hurt? College funds and personal retirement plans to be lost?

"My tax dollars are not responsible for bailing them out of trouble. Just like your tax dollars should not responsible for helping my company from going under."

"PS My company IS my retirement. So why should I and other business owners be excluded? Maybe the government should give $700 billion to small businesses to provide retirement plans for employees? That sounds like a better idea than helping the ones who could have cared less that their actions would catch up to them. I say they did it to themselves and should be penalized for their actions and not rewarded."

I don't think you understand the concept I'm talking about here. I don't believe that the people responsible for this economic mess should be rewarded but hurting the innocent victims of their unethical business practices is not the answer. Every week I, and hundreds of thousands like me, contribute OUR money to pension plans, IRAs and 401ks. Money that we worked hard to earn. I have no control over how the pension fund is invested, I have no control over what my bank invests in, what mortgages they write or what paper they hold. Just because you and other small business owners do not have pension plans does not mean that it's okay for me to lose mine nor does it mean that you suddenly have a right to be provided with one. It's not all about you.

No it isn't about me and I never said it was. You must understand that when I say "I" I am speaking for the individual. And a lot of people make bad investments every day. Why should they be excluded? Hot or cold but never lukewarm. All or none.

There is a problem. The people responsible for those bad investments need to be replaced. They should be looking for a new job. What are they going to do with them? Have charges been filed?

Why didn't you invest into something safer? If you had invested in gold alone you would have had a nice return and you wouldn't be defending something that should not be. Poor investments are poor investments.

If an individual lost $500,000 investing in stocks online they would not be rewarded. So why are they excluded?

We are responsible for our actions. That is the problem with a lot of people. They want to blame someone else. If a person had chose a different route to invest their retirement there wouldn't be a problem. Therefore it is the individual at fault.

Don't put all of your eggs into one basket. Many of us have heard that phrase since childhood.

I'm not talking about people who invest in the stock market. If you willingly invest money in the stock market, you should be willing to accept the risks that go along with the rewards. That's why my husband and I have never put our money there. Our IRA and CDs are with our bank. They're protected by the FDIC so I'm not worried about that and, yes, we have control over them. What we, and so many others don't have control over are the thousands of pension plans that have invested millions of dollars in the market. If those plans lose everything they won't be able to write those checks to retirees every month. If they all pull their money out, the market crashes, the dollar becomes worthless, foreign markets react and we're all plunged into a global recession. Someone had to step in in order to stop the landslide. Believe me, I don't like it...and I'll probably have to work until I'm 75 before I can retire with a full pension now.

"Don't put all of your eggs into one basket. Many of us have heard that phrase since childhood."

I couldn't agree with you more!

Could an individual opt out of their 401k plan and put it into an IRA that is more secure? We are responsible for our decisions.

If an employer changed everyone's schedule to come in 30 minutes earlier and an employee was in an accident coming to work, it isn't the employer's fault.

... And the stock market crashes after the government approves the bailout.