Fed finally announces bailout to help Main Street

Am waiting for this help, when is it going to be avaliable?

WE HAEV NOW BORROWED OVER A TRILLION DOLLARS FROM OUR SELVES.... THE TAXPAYER... TO BAILOUT ALL OF THESE HIGH ROLLING FAT CAT COMPANIES AND THERE FAT CAT CEO'S. WE HAVE LET THE WOLF IN THE HEN HOUSE.... ARE WE THIS STUPID? NO WONDER OBAMA WANTS TO MAKE IT HARDER FOR US COMMON FOLKS TO HAVE A GUN. A NEW REVOLUTION MAY BE ON THE HORIZON. MY FELLOW CITIZENS PLEASE WRITE YOUR REPRESENTATIVE, WE HAVE TO CRY AND CRY LOUD! WE HAVE BURIED FUTURE GENERATIONS OF AMERICANS IN A DEBT THEY CAN NEVER REPAY....GOD HELP US... YOURS OR MINE!!

MORE TIMES THAN NOT YOU MAKE YOUR OWN LUCK!!!!! I HAVE BEEN WORKING 60 HOURS WEEKS FOR 25 YEARS AND NOW WATCH MY RETIREMENT INCOME LOSE 40% OF ITS VALUE., AND NOW I SEE US BAILING OUT THESE GIANT COMPANIES THAT COULD HONESTLY CARE LESS ABOUT YOU OR ME. LET THEM FAIL.... WHICH ONE OF THESE COMPANIES WOULD BAIL ME OUT????????

Right, let's borrow some more and see if that helps.......

Since the Federal Reserve Bank is handing out 100's of billion's (projected to go into the Trillion's) of dollars to fatten Corporate America who some have already used part of the money on golden parachutes for their CEO's, exotic vacation's at posh hotel's etc., one would think that the economic egg heads up on the hill would come up with a better solution to help homeowners throughout the United States for President Bush or the newly elected President Barack Obama to enact once he takes office and that is to federally mandate long term loan modification's (interest) on behalf of all Americans with ARM Negative (sub-prime/ deferred interest) mortgage loans (the main reason for foreclosures) at a low interest rate (fixed by the Federal Reserve Bank) for 40 & 50 year's, depending on income. Leaving it up to the bank's to do this is akin to putting the fox in the hen house to protect them. They are not interested in the welfare of American families (including Senior citizens) with children being driven out of their home's. Moratoriums don't work. People are still losing their homes.

R.J. please don't be so self-righteous. Sure, some people are flakes, but I have friends whose jobs have disappeared; like you, they've worked hard. Now for the first time, they can't find work. They weren't overspending, but now their savings is running out, the mortgage is getting hard to pay and they are beginning to use the credit available to them to pay their monthly bills. I know people who've worked 35 years, are now old, retired, sick and broke because of medical bills. A couple bad things happen in your life and things can spiral out of control. So, remember most of us are just a few paychecks from being homeless. Hardly the case for the CEO's of these financial institutions and automakers. They'll have food and shelter and will weather the storm just dandy.

to rj. I commend you for being able to pay your house and bills on time, but not everybody is like you. Growing up with a single parent who the only way for us to survie was to live paycheck to paycheck. I would watch my mother go threw the bills and decide whether to buy grocieres or pay the electric. so what do you tell a parent who does not what to see their kid go hungrey. WE did not have a suzie orman growing up. Now I encourage my children to take economics classes to pay attention on what they buy and how to budget there money. I would definately appreciate the govt to surpply us with a one time 250,000 each. Of course they should make sure that everything we owe is payed off first, any loans taxes,creditors ect,ect,ect. That way the money goes back in the pot, the taxman of course get there share and they should make everybody put away at least 10,000.00 in savings or something that will gain interst. Then they can buy a car put away for their kids college education. To me that is a win win situation.

If they want to fix this, they really need to recast everybody's mortgage loan down to the value of their home, give them a super low fixed rate for 5 years. No strings attached. This will stop the people from walking away from their homes which will go into foreclosure. It will ease up some funds for people and the main thing will stop the foreclosures. Once we can get that under control, the values will start stabilizing again and hopefully slowly increase.

some people would be able to keep their house and car if it was not for greedy company and ceos they get paid millions fly on privet jets go on trips buy other bank and the guy lucky to make 60,000 per year is the one who has to take the pay cut loose what was earned or loose there job where they can no longer pay for what could pay before

Bailout money???? Where is it?? I tried to get $7,500 by all means....no dice.
I'm trying to get $2,500 from a loan shark agency and am having a problem. The banks overextended me credit until the bubble burst and I couldnt afford their new way of determining your interest rate and increasing your monthly payment. My attorney settled a $15,000 debt to $5,000, unfortunately no one will loan me any amount. The banks caused the credit crunch by changing all the rules! People couldnt afford the new rules and stopped paying. Now they want a govt bailout???
rjbthere is right. One Credit bureau to help those with less than perfect credit. The bailout will be a bandaid for big business, but nothing will change for people like myself, and many others out there.

How sad it comes to human beings not caring about others...Yep, we all make mistakes, but does this mean we should starve to death for them or live in poverty? NO, we should all rise to the occations and help each other out!

As much as I don't like the idea of gov't bailouts for big companies, I truly HATE the idea of bailing out individual consumers.At least saving the big companies will preserve the US economy as a whole.But I don't want my tax $ going to individuals who charged up a bunch of frivolous crap and refused to pay up.Guess what?You probably didn't need that brand new car every 2 yrs or 2000+sq ft house!I don't have ANY debt because I've never wanted ANYTHING I couldn't afford.What's wrong w/ a house just big enough for it's occupants and and older car that runs?Get real greedy, lazy people!I'm sorry that the unethical lenders told you that you could afford that huge house.Didn't you do your own research?Didn't you do the math?Is it THAT important to keep up with the Joneses?Get over it! Don't spend more than you make!SIMPLE!

RJ
Maybe you should spend more time on an education and not on your vitriolic tirade.
Your knowledge of English is pretty pathetic.
Someone will buy something and go by to look.....every one of your posts has several mistakes. Makes you look like you don't know what you are talking about.