Comments on: The Bailout: Surprising, Frightening, Infuriating

By: The Bailout Has to Pass, And It Will | Redfin Orange County Sweet Digs

The Bailout Has to Pass, And It Will | Redfin Orange County Sweet Digs — Thu, 02 Oct 2008 15:22:49 +0000

[...] been reading and watching everything I can pertaining to the big bailout. Like a lot of people, I have mixed feelings about it: I hate the idea of rescuing everyone on Wall Street, but I don’t want to lose my job and my [...]

By: Cindy Allen

Cindy Allen — Wed, 01 Oct 2008 21:43:28 +0000

Ellem, I want to move to your country!

By: Ellem

Ellem — Wed, 01 Oct 2008 04:49:25 +0000

I agree w/ all that’s been said here — my husband and I are watching this from overseas, where we decided to move for work since it was impossible for us to buy a decent house based on our income (w/o shady deals/lying etc) –

recently we’ve been making plans to return to So. CA next summer, partly because it seemed the housing insanity had run its course and home prices were beginning to return to normal levels —

BUT now this . . .

and Ms. Allen made a good point, many people don’t understand what is going on and what this financial mess entails — in large part because some Americans simply don’t understand their own finances and consequences of their imprudent/foolish/naive financial choices –

however, many Americans DO understand their finances, and make level-headed, thoughtful decisions — and i’m afraid those of us in this category will be the steamrollered by the rest: the crooks and the incompetent.

I currently live/work in a country w/ quite low taxes, my employer matches my contribution to the pension plan and pays half my national health insurance premiums every month . . . it’s been a bit unreal watching this whole mess unfold in the US from afar. . . elected officials are elected to SERVE us, but while there is a lot of serving going on it seems to be more towards “self’ from what I can see . .

By: Grouchy Teacher

Grouchy Teacher — Tue, 30 Sep 2008 22:38:21 +0000

I agree,Max… my 403b and my wife’s 401k took no hits, we put it in safe places 6 mos ago, let the gamblers pay for their mistakes- remember “changing horses in mid-stream?” Rules don’t change because the big boys lose, or do they?

By: Max D.

Max D. — Tue, 30 Sep 2008 19:22:50 +0000

Those of us who have been watching the housing market for the past few years saw something like this coming. The market run-up was unsustainable. Yet it was a huge surprise to everyone in government? I don’t buy it. I also don’t buy that we need to do something NOW. Remember the Patriot Act? I also don’t buy the “credit contraction” explanation (excuse?).

It’s a house of cards. Let it fall.