BAILOUT: Yes or No?

[Ice]

I am glad it was voted down. Hold these feet to the fire a bit longer. Don't believe for a minute that the Administration and pols from both parties didn't know this financial meltdown was coming; they were just hoping the didn't hit the fan till after the election. Now, in less than a week, they want to stampede us into a $700 billion bailout (where'd they pull that figure from?) with vague specifics and "promises to address...um later" the flaws in the system. Some of these corporate officers and the rating agencies who rated junk securities as AAA have colluded to commit fraud, while federal regulators have looked the other way or had their warnings suppressed. I want to see a perp walk. I want to see jail time for the worst offenders and fines + banishment from the financial industry for the others. And I want to see it before the taxpayer hands over a dime.

There will hearings, as the FBI is looking into the matter now, but such things take time. Taxpayer money wouldn't do much if we wait till next year to do anything.

This isn't actually the administration who put this together either. Ben Bernanke, the Chairman of the Federal Reserve Board of Governors, and the Treasury Secretary , both very smart men, put this together.

One last time for clarity: Although I disagree with most of you on what needs to be done, I do see your point of view. Just because I want a "Bailout" doesn't mean that I'm not pissed at these SOBS. There will be justice for most, but these things take time.