Since we are bailing out gamblers on Wall Street, shouldn't we also do the same for people who lose in Vegas?

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You are talking about a 20 to 30 year old inventory of static pieces of ****.

Three generations of speculators (theyd don't live very long, you see) have been waiting for those same returns.

NASCAR is our most modern model. The car of the future is a joke. They hope that the people who remember real racing won't leave mad. They know that the uneducated mass (see, Republicans are not so dumb) cannot discern good from bad and will respond to whatever the sponsors say.

I remember when NASCAR was NSCR, and they were full of it then too.

no doubt at all that that will be the next proposal of the White House.

NASCAR???

we already do. and not just in vegas. if you save alla your losing gambling proof..losing scratchers, lotto tickets, etc...for as long as you want..then win...alla those losers can be sent in as tax deduct. go figure.

I loved Fireball Roberts and those Pontiacs he drove... Would you say we have a restrictor plate economy? ... have you noticed they rarely talk about the cars make anymore... it's all about the drivers and it won't be long before there is a race track in Japan where NASCAR tours... NASCAR is doomed by greed... hmm, just like our economy

Yes, I want my shirt back that I lost in Las Vegas (or as I like to call it, Lost Wages). Drove to Vegas in a $65,000 Lexus. Left Vegas on a $235,000 bus. Three fifths of a mile in 10 seconds!!!

I see you are not happy with what's going on right now...rest assured its the right thing to do.

Yes, it shouldn't have come to this...No, we shouldn't have to do it. But life as you know isn't fair. And we aren't bailing out gamblers in Vegas because their losses don't affect your credit worthiness.

If all things go right, this bailout will be nothing more than an investment in financial assets by the United States of America (the taxpayers being the shareholders). If we buy up the bad debt now and hold on to it for many years (in the form of bonds), the assets may appreciate in value and produce a return. Of course, there's always risk in investing, however, the banks can't afford to take this long term position. We, the people, can afford this position and can provide the liquidity lenders need. Its a fair trade off, assets for liquidity...

Sooooo, we benefit by helping the banks provide US with easier lending criteria to help small businesses, AND we get a long-term investment position. Its the best possible scenario.

I have always wanted a Maserati and a golden parachute. When I go into debt to buy them, will you use your taxes to bail me out of debt?

I've not been to Vegas yet (swiping at a tear), but I hope the bill is passed before I go!

Sure, after all we have accepted the principle of socialism: From each according to his ability..to each according to his need.

So, we should be bailing out people that don't work (we do), people that need health care (we do), people that can't pay their bills (we do), and Wall Street and Vagua gamblers...and if we don't do it consistantly, we're moving in that direction. FAST.

We are moving away from free markets, Capitalism and self-responsibility. The media is helping.

Have you seen how Bush is responsible for the whole mess? Well, let's look at an article in the NYTs, 5 years back:

"The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry. The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios." Democrats pushed back. "Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing". "These two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis", said Barney Frank of Massachusetts , the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
Representative Melvin L. Watt, Democrat of North Carolina, agreed. "I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing," Mr. Watt said.

Yeah and I had a bad day at OTB so could someone put me on the list too please?

why do my patients have to choose between food and medicine?
and who the duck is worth a 5,000,000 bonus! this is the real obscenity in this country...

Great analogy! The answer is a resounding "NO" on both points. It might be nice, however, to help out some of the less fortunate people who have been preyed on by predatory lending practices the past several years. Wouldn't it be grand to see a class action lawsuit that took the billions back OUT of the pockets of the uber rich executives and put it back into that of the consumer's? I watched a Senator testify that bonuses alone on Wall street the past 3 years have totaled over $100 BILLION.

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