Comments on: On Air: Are the bailouts working?

By: Duane

Duane — Wed, 03 Feb 2010 02:54:51 +0000

All I no is that I had a 2200 squire foot home.I physically built a small trucking company that I employed ten people. Now I live in a 26 foot RV stay where I can Before I am kicked out.House financed up on a prayer this would be over now down to less than $300 Dollars.Every one is all talk and no act-sheen the bank owns us and our Government seance 1913! The red coats have won after all!!!

By: jeff

jeff — Sun, 10 Jan 2010 19:19:03 +0000

Dear peter your half way there but you are forgetting the toxic assets, the bits of paper with no value, the banks can not put a value on them thy are hoping and praying that in ten or twenty years thy may be worth something, the big BUT is now body knows.

By: Joe Polly

Joe Polly — Sun, 10 Jan 2010 14:37:29 +0000

A sticking plaster can only cure a graze not an open wound.

By: Halima

Halima — Sun, 10 Jan 2010 12:43:56 +0000

No. They did not and will not work (apart from the worries of the mega rich)
they do nothing to correct the underlying problems.
The assumption that somehow if markets are unregulated and “free” that a natural balance will happen is just plain silly. It has become a market for the strong, – Chomsky’s description of “socialism for the rich” certainly rings true.
We are missing a great opportunity to correct the system – and look at underlying value structures.
I predict more of the same in the future, the rich will get richer and the poor will get further left behind and social institutions will crumble. And I am an optimist.

By: M

Sun, 10 Jan 2010 04:03:00 +0000

All of these problems are caused by Greed. Greed of the wealthy. Has anyone not picked up on the fact that the powers that be want us to spend our hard earned cash, which in turn make the wealthy wealthier, but god forbid if we spend too much interest rates rise, which also benefits the people wealthy enough to have money invested. The greed will work the same as in a lot of older countries, and eventually make Australia third world. When this happens, I am sure the Indians will return to India, and the chinese to China as the prediction is they will be the next Super Powers, and we are giving them the helping hand.

By: Tom K in Mpls

Tom K in Mpls — Sat, 09 Jan 2010 22:18:58 +0000

Once again, I agree more than not, but I think you miss a key point. Too many people are too stupid to realize something commonly stated in several ways. My favorite is, just because something works for you in the short run does not mean that it is right. More popularly, ‘there is no such thing as a free lunch’. The people that did vote by your logic are paying now. I hope they learned.

By: Sumera Ashraf

Sumera Ashraf — Fri, 08 Jan 2010 09:17:37 +0000

I think Bailout cannot work because they have not fixed the underlying the problem.

By: T

Fri, 08 Jan 2010 04:42:50 +0000

The reverberations are spreading worldwide.

If you want to know more about the effects of personal debt, do a search on Steve Keen (a prof. at the Univ. of Western Sydney in Australia).

By: LMScott

LMScott — Fri, 08 Jan 2010 04:11:33 +0000

Only too true, Nigel, a very wise Englishman, a Queen’s Guardsman back from the war, said, ” “Rules are for the guidance of wise men, and the blind obedience of fools.”

More than fifty years later; the words are just as crystal clear as the day they were delivered to me, and it is a pity I can not put his photo on here for everyone to see what a proper English Policeman looked like in the real life days of “Life on Mars.” and the city streets were perfectly safe for everyone day and night, when men like Peter Cain and Dennis Wood walked the city beat.

By: Wasanthakumar Perera- JP

Wasanthakumar Perera- JP — Fri, 08 Jan 2010 01:02:43 +0000

In times of crisis,when in dire straits,we look for a “friend in need”.Just as Abu Dhabi gave Dubai US$10 Billion ,the Icelanders too accepted with glee, I suppose,
the bailout-In the circumstances they are obliged to pay.Why hold a Referendum when you are obliged to pay? beats me the way they think-very illogical