And What Do YOU Think?

I believe this bailout is a joke, I agree the problem is within main street. If you help the consumer it will help the economy. extend unemployment this will help with making their payments which helps the banks and wall street. if nobody has any money nothing gets paid.

It's done. It was a classic mob shakedown. "We can't make a living honestly, so, at the point of a financial gun, pay me off for your own good" We're done. All the flip comments are over, any ideas on how to start the revolution? When we've won in Iraq, can the troops come home and save us?

Monday morning and the market is below 9,000 I guess that means the bail out is working. My retirement doesn't look good but all those public servants will still get their pensions won't they

I became aware of a property (forclosure) that was listed (MLS #200807219) in southern Indiana. I contacted a local realtor and put in a CASH bid for the house and property. At that time I had to show "proof of funds" from my bank. So far, so good. The company holding the paper countered my offer and set a new price. I told the realtor I would accept. As you know, I was bombarded with paperwork (i.e.: toxic mold pamphlet, lead-based poisoning information, flood plain document, mold waiver, lead paint waiver, limited agency consent, a copy of the realtor's Office Policy and a Purchase Agreement). This also required a second "proof of funds" that I provided. This information was signed, scanned, e-mailed and finally originals "mailed" to the realtor and earnest money was sent in a Money Order. The MLS listing was updated to show a status of "bid" which I would assume meant they knew there was a bid on the property. The night before the House signed the Emergency Economic Stabilization Bill at 8:30 pm I get a call from the Realtor. The listing had been pulled. It can't be found using an MLS search. The link she used to confirm that the status was bid was disabled. There is NO TRACE that this property EVER EXISTED. Now, my gripe is..... 1) If you knew you weren't going to "sell" the property WHY LIST IT? 2) If you knew you weren't going to "sell" the property WHY COUNTER MY OFFER? 3) If you had a bid on a property WHY WOULD YOU PULL THE LISTING? (To "sell" to the government in the "bailout" for pennies on the dollar and increase proof of your bad paper volume?) 4) Are you not accepting American Dollars? I would have converted to shilling or yen if necessary! I found out that according to the American Bar Association that their counter-offer and my acceptance DOES create an oral agreement. "It usually becomes the basis of the purchase contract, after the parties have come to an agreement on the terms of the offer." The Purchase Agreement I signed states: "Property shall remain available for sale prior to complete written agreement of the Parties." If american money isn't valid currency the Treasury needs to notify people that conversion is necessary to buy these houses you are about to auction.

„Bailout“ originally was a term for an unscheduled departure from an aircraft out of control and slated to crash. However, as the term is now being used in the financial crisis, it denotes that we, the taxpayers and small account-holders, are being tossed out the plane to lighten it enough to reach the next landing field. Is it responsible to jettison the passengers to help the crew and the aircraft make it to safety? I believe the crew (bank managers, politicos and oversight bureaucrats) and the aircraft (Wall Street) should be required to take their chances with us, the passengers. Either we all make it or we go down, but together. No parachutes just for the privileged.

Liz: and so it has come to pass: the person with cash and no debit is king/queen. No fancy economics or accounting. George

Have you noticed that the market's free fall is occuring at the same time Obama is rising in the polls? The markets are not reacting to the bailout but to an Obama presidency. tTat is why the market ignored passage of the bailout. Higher taxes are on the way.

I am against the bailout bill. This country was built on a free-market economy and should be left to function that way. Every time the government steps in to over-regulate or fix a problem, they usually prolong the issue or make it worse. Let us as Americans fix our own problems. Some of us will fail and other will succeed, but that is what makes this country great. The bailout does not address all the short-term fixed-rate mortgages that will need to be refinanced in the next few years. This is a huge issue because unless these people have paid down substantially, the principal balance of their home loan, many will be unable to refinance due to negative equity caused by all the recent foreclosures. While this somewhat contradicts my free-market stance, I do think banks should be required to offer loan modifications to existing customers who have continuously made their payments on time and offer long term fixed-rate loans. Otherwise, this mortgage crisis will continue to play out for many years to come. We have become a nation of complainers instead of doers, always looking for handouts instead of looking to ourselves to make a difference. As an American who works, pays taxes, contributes to the general overall economy, I am disgusted that people in this country think their entitled to whatever they want and if they don’t get it, they cry racism, sexism, or classism. America is a great county with tremendous opportunities, but hard work and determination is still required to succeed no matter who you are. This is a critical time in our country’s history and I hope we have all learned some valuable lessons from this and will move forward to make America better than it was before.

The people who would not listen and are responsible should be removed from office. Such as Franks,Dodd,etc.....and then the ones we find who are guilty of wrong doing put on trial, And peoplelike Rains($90,000,000.00), etc.......investigated and who ever else is responsible for this mess. If I had done the thing's they have,I would be on my way to jail! This is what happens when our representatives no longer represent the interest of the people. We need government reform NOW, and not some smooth talking very liberal, big government senator, who is just telling people what they what to hear. You have the fox's in charge of the hen house and now they are calling for hearing, what a joke. It is up to News people like yourself's to be the voice of the people now and hold the governments feet to the fire and demand action through your News Cast, keeping the heat on until something is done and the crooks who are responsible are put on trial! Have so much respect for everyone on the Fox News Team to mant people to list and your reporting of the News. Keep up the great work, you are the voice of the people now. Palin for President!!

This afternoon I was watching Fox News. The talk radio hosts Mike Gallagher and Ella Ratner made some real interesting obs on the bailout bill. Phone ins of the right and left have a bipartisian opposition to the bailout bill. I found out that to be real significant. I caught the last 15minutes of David Asman's special on the Economy. Some new history in reguards to FDR and the depression emerged. The new research now suggests that FDR prolonged the depression which went into the start of the second world war. And the Dow didn't bounce back until 1954. Sinc we're in the undiscovered country with this new legislation are we repeating the same mistakes? One thing remains coherenttly clear on this one: the root problems are the housing market,Freddie and Frannie Mae,speculators and predatory lenders. Wall Street shouldn't get all the blame that should fall on some Democrats who were asleep at the switch.

I am totally against the bailout. Downturns in the market are part of the cycles in capatialism. I really don't want my tax dollars going to greedy corporations and careless people who borrowed more than they could afford. Everytime the Fed cuts rates, the amount I make in savings goes down. When Congress signed the bail out bill my taxes are going to go up. The only ones that are going to suffer from all of this are the ones who actually managed their money responsibly. And of course Buffet wants the bailout bill! Look at all of the business Burkshire owns like Dairy Queen. He does not want to loose any of his billions. But would rather have tax payers help save him.

This summers homeowner bailout just hit our area last week with Palm Beach County Fl. receiving 37 million dollars to buy up foreclosed houses. Hey that`s just great for me because I sold my house that was too small for my family in 2005 and rented a house because I knew there was a huge correction coming. Well I was right but instead of the correction that should be taking place the U.S. Government is artificially propping up the prices. I am not buying in , I`ll take my 780 credit score and my 20% down payment and I will move on. Palm Beach County and the U.S. Government can keep their houses and they can pay the property taxes and cut the lawns while they are reducing the principal and lowering the interest rates for the irresponsible people who caused this whole mess. signed One pissed off tax payer

This bill as passed was voted on too fast without other options explored. I will not be voting for any of the representatives[senate or house] who voted for this bill. Irony is I have never before voted for my representative who voted"no". Congress should be ashamed. They had an opportunity to make decisions that would have had a postive impact for generations and they chose instead to crater. I am not very educated when it comes to finance but I know a skunk when I smell one and this was a huge one. Where is Robin Hood when you need him?

I think the most shocking ad I ever read was in the WSJ yesteday. Some business group actually demanding the gov. pay 250 dollars of each person's mortage!. This is going on in America? What have the baby boomers brought upon us?

Liz, I think you're hot. You and the rest of the FOX business chicks keep me glued to FOX Business Channel all day (let's also give Neil Cavuto due credit; he's funny and informed)that's why I'm an informed citizen. This bailout sucks BIG TIME. Notice that after the vote the DOW plunged over 450 points. That's what investors think of the bailout . We now have the very same individuals (Congress)- who share equal responsibility with greedy lenders and plainly stupid people who bought houses they could not afford- running the show. I have little faith in these turkeys (Barney Frank, Chris Dodd, and others0. It will continue to be business as usual. More government programs for those who will not produce, more PC guilt pushed as legislation, more socialism. We're losing and soon will be like Europe. Geeeezzzzzz.

So...I'm sitting watching some business program with an "expert" telling us all credit activity has ground to a halt when they go to a commercial break. The first commercial is from a well known mortgage company telling me to call now to get a 30 year fixed mortgage at 5.8% (historically, a pretty good rate), so I'm thinking Gee...looks like they have money to lend, the next commercial is from a well known bank telling me I can get a new credit card (with a picture of my dog on it it I want) at a low annual rate. MMMMMM...looks like they have money to lend out as well. Let's look at some of the basics of this. Interest rates. Interest rates are a function of the amount of money available out in the market to be lent. If everyone who had a credit card got a letter in the mail in the last week telling them their interest rates had been raised into the 20+% area, I might think there was a problem. However, even within the last couple of weeks, we got multiple credit card offers in the mail, hawking balance transfers of 0%. See the disconnect. I have to wonder just who is telling the truth here. The program "experts" or the commercials???

Forgot to add send a letter to wall street your debt to income is to high and your LTV is to high we are sorry to inform you but we cannot extend you credit at this time. There is a $2.00 access fee $3.00 asking fee and $25.00 fee for having to sit and write you a letter

I want to thank congress in the waking me up. I have paid all my bills and suffered through this only to wake up and find out that the bums living in my neighborhood will now get a nice fixed rate loan with 1/2 of the principle written off so they can make good on the new loan. So now for all my efforts and family sacrifices are rewarded. I now not only have a house down in value congress confirmed it and when the market turns the bums make out with equity and a nice low rate loan. Where i can’t refinance into lower payments and interest because I am upside down. won’t see my equity return. So how did congress wake me up well first I have decided not to pay my mortgage and get me a sweet heart deal. Just to make sure I am quiting my 2nd and 3rd jobs and using my savings to support who ever is not in congress and throwing the idiots out. I am also voting for Palin and for all those that say she does not have the experience ? Let me put it to you this way we got a whole capital full of experience and highly educated lawyers and know it all wind bags who think they know more than everyone else. Well I for one am done with the experience and if you ask me maybe we need a little less experience and more old fashion horse sense, I think if they really felt they needed to do something maybe they should have stayed at work and maybe with all the experience they might have seen this coming. God knows everyone else did, but they had more experience. So here is as good old Joe says ” My Patriotic Duty” I am going to not pay my Mortgage in November instead i am going to tell them to call my congressman. He said if i did not pay you would give me a sweet heart deal. Besides from where I sit I just paid it off thanks to my congressman and since they borrowed the money from me they should be paying me to keep the house. Think what would get said if every American who has busted his/her butts doing right thing sent the message to not only the banks but to congress as well !!!!!

Liz,I sat here and read how much the american people dont want this plan. Seems to me our govt has decided not to listen to what WE want anymore. I agree with many of the responses to this bill and wish to god it didnt go through. I guess this is how Shared Wealth works. I fear with this package the public will be very upset and god only knows after that. shari san diego

Well it looks like it doesn't matter what I think (thanks for nothing congress). But thanks for asking.

Neil Cavuto just interviewed Mike Huckabee about the bailout; and he was most disturbed about it. Yet he, Huckabee, continues to campaign for John McCain, who not only voted for it, but joined in on the fun with the brain trust to put it together for a senate vote. If Huckabee is really worried, as I am, that this is turning us socialist and is a major disservice, why doesn't he jump onto the Bob Barr bandwagon and help get things put back into order. Also, how can the House be sending a spending bill to the president for signing? Aren't all spending bills supposed to originate in the House? Alec Hamilton must be turning over in his grave!

Correct me if I am wrong. I thought the Constutition states that all spending bills must originate in the House. Therefore this bill is illegal. They are not representing us and I have had enough.

The last nail in our democratic coffin was banged in today. We are now officially a socialist country. My question now is: where do I send my bills to so that the government can pay them? These bills include but not limited to my mortgage payment (currently on time), my grocery,fuel, medical and of course fuel cost for both work and pleasure? My congresswoman who voted for this bailout will not be getting my vote in November but maybe I should start sending her my bills.

All American voters need to get together in a movement to never vote for an incumbent again for the next 20 years, thus implementing "voter-mandated term limits" for these arrogant jerks.This would force out of office all the power cliques that use their influence to force the junior members to vote in favor of these pork-laden bailouts of the mega-rich. Let the voice of the people be heard, and vote as they demand!

The Rescue plan is ABSOLUTELY NECESSARY The two models for debt deflation recovery are: The Japan model. The government does very little and allows market forces to default/deflate the debt, This has taken them 18 years and they still aren't finished The Sweden model. The government buys up bad debt and sells it overtime, Sweden made a profit on the debt. The economy recovered recoverd in 4 years and are in great financial shape now.