President Bush, Congress reach deal on $700 billion buyout

LETS TAKE A LOOK AT THE BIG PICTURE...
THE BIG BOYS ARE LINING THERE POCKETS...WE(THE REST OF US ARE RUNNING AROUND LIKE LEMMINGS) TOO BUSY TO GET INVOLVED......POLICTICS IS ALL ABOUT BIG BIZ AND AND PAY OFF`S...WE HAVE NO PRODUCT`S TO SPEAK OF WE LET OTHER COUNTRY`S. LINE THERE`S AT OUR EXPENCE.....AND ON OUR GROUND...EVERY TIME WE ARE HAVE OUR RIGHT TO DO SOMETHING ABOUT IT THE LEADERS OF THIS COUNTRY FOLD FOR POWER & $$$$$$$$..INSTED OF HONOR....TRUTH AND WORKING UNITED AS ONE COUNTRY AS IT WAS FOUNDED APON.....GET A GRIP.AND A CLUE.....GROW SOME!!!

To the naive author of this article; if you think for a moment that Sec. Paulson was crazy to ask for the 700mm with no strings attached, then you have just been schooled by a master at work. Think about what he received vs. what he requested? It is virtually the same. That is why he is a master negotiator and a man we are incredibly fortunate to have leading us right now........because it is certainly is not GWB.

The fact that McCain and Obama do not sit on the relevant committees dealing with this crisis is a good thing. Those committee members have demonstrated that they are not effective leaders. If McCain goes to the senate and influences Republicans to help pass this bill, he will do more than anyone else could. I believe you know this, and your statement that this is a stunt is a stunt.

A real wake-up call for proponents of free market economy. Both Bush and McCain feel betrayed by the FI's for sure. It's analogous I suppose to the pro-choice advocates finding out later that Roe vs Wade is invalid by the Supreme Court. I recall former Sec Treasurer John Snow warned Congress about no oversight over Fannie/Freddie as it was going out of control. Alan Greenspan testified also in 2006. Congressman Barney Franks and Sen. Schumer thought otherwise. I also recall Sen. McCain crafter a bill for some form of oversight, but was defeated by the Democrats along party lines. So let's forget the blame game and get on with the task at hand.

paulson gets nothing from me. He can hang from the capital,with bernake,bush,cheney,clinton,pelosi,reid,greenspan,and all of congress.The wto,free trade,global economy can hang beside them.The ceo's can move out,and i'll still subsidize their sorry assets.

Ken, Good comments!
Greenspan should have increased interest rates to curb the escalating prices of houses. The accounting scandal in 2004 at Fannie, when CEO Frank Raines was only find 2 million, why wasn't he prosecuted or made to return the millions he had been paid? What about the huge amounts Frannie & Freddie paid to lobby congress to block bills that would curb growth in housing? I would be really upset if our goverment had bailed out Lehman Brothers. The CEO Richard Fuld made 489 million in the last decade.
Congress needs to realize they work for the people of America-not just special interest groups. And work out bipartisan relationships.

Makes you wonder if the negotiating skills of Paulson isn't indicitve of these whole crisis. You know sign this blank check, don't ask for details, don't have a court review it but hurry up and do it under duress. Ummm maybe that's why we have all these forclosures and junky MBS's if people on Wallstreet negotiate that way. Was very odd and quite nervy and brought on much skepticism that still remains. Makes on very leery of this whole thing. Wasn't there a big bank bail out when Bush 1 was in office too? I feel uneasy about this rush for almost a trillion dollars and if you add all the Wallstreet bail outs just for this year together it's over a trillion.

I applaud Senator Obama's cool headed reaction to the obvious attempt to politicize the financial crisis.

Senator McCain's impulsive, panic move makes people outside this country see that we have both a financial crisis and a political crisis.

I agreed with every point Senator Obama made today. My only suggestion, humbly, is to highlight how Senator McCain's unilateral decision to suspend his campaign, and impulsively going alone without considering the bigger picture, and move forward with short-term strategy is uncannily similar to President Bush.

It is the same impulsivity that is on display with his decision to pick Sarah Palin, without thinking through the obvious lack of experience that was on display in her interview with Mr. Gibson.

Senator McCain misses the bigger picture. This 700 billion dollar bailot plan is necessary, but only a short term solution to the worst of the crisis, but the crisis will likely have many long term effects which cannot be solved in the short term.

Finally, it shows his priorities are not about putting the American people first, not about acting like a president. The American people want to hear what the person likely to lead this country believes in, and what the country can expect him to do. If he thinks that he can be more helpful as a Senator, maybe he can save us all a headache, and just go back to the senate, and give up running for president. His priorities appear to be about distracting Americans from the real issues, and confusing us all into electing him for the wrong reasons.

Thanks for your time

JT, MD

"No Bailout Deal - No Debate" says McCain. This shows that he is so much under Bush Administration influence. He is just going to do 3rd term for Bush. Expect more of the same -More Mess. Public should respond "No debate, No Vote" McCain falling for this political seduction is unimaginable.

The Friday debate was suppost to be entirely on Foreign Policy anyway. What do people care about Iran, Iraq, Georgia, and Russia when their retirement accounts could get decimated?

George bush is freakin stupid, we are going to end up in a second depression because of this stupid buyout!!!!!

George Bush states the he will only barrow this $700 Billion to bail out poeple caught up in the forcloseing market. He was aware of what the Mortage Lenders were going to do before this whole thing started. What about the poor suckers that have busted thier hump to sumewhat get out of this mess by doing a Short sale or Deed in lew of forclosure? They are still at a great loss, by having to pay this 14% 1099 Tax. So after loosing, say $150,000. due to a short sale, We will still have to pay an additional $21,000. in taxes that is going to help pay back the $700 Billion that Bush wants. What about being fair??????

I think they are both sooo excited at the potential of one of them holding the power over 700B