Comments on: what does America’s greatest investor think about the financial meltdown? http://mediaoutrage.com/2008/09/26/what-does-americas-greatest-investor-think-about-the-financial-meltdown/ Media Outrage Celebrity Gossip, and everything that is going on in the Media! Sun, 21 Mar 2010 00:58:35 +0000 http://wordpress.com/ hourly 1 By: Lio http://mediaoutrage.com/2008/09/26/what-does-americas-greatest-investor-think-about-the-financial-meltdown/#comment-20290 Lio Sat, 27 Sep 2008 19:46:01 +0000 http://mediaoutrage.wordpress.com/?p=15784#comment-20290 Well a bailout is needed to save the U.S economy AND the world economy( will see). In 2 weeks, two banks have declared bankruptcy ( Lehman Brother, Washington Mutual), and it seems that Wachovia Bank is next on the chopping block. But with that 700 billions of tax payer money, no more ridiculous 20 + millions salary pay to executives. No more 50 + millions bonuses either . The American people need to get something out of this. Between 2003 and 2006, Wall Street executives received more the $3billions in salary and 6 billions in bonuses. This is fucking unacceptable. And I agree with republicans when they say the CEO need to pay some of that money back. For the past 8 years, 3.9 trillions dollars of tax payers money has been spent OUTSIDE of the U.S.( mostly in Iraq), instead of improving the national health system and education, and other infrastructure. Now, who ever the next president of this country, will have no choice but to raise taxes, cause the U.S. is broke. I hope this bail-out works out, but in my opinion, congress is just stalling a recession. A U.S. recession in inevitable! good luck !!! Well a bailout is needed to save the U.S economy AND the world economy( will see). In 2 weeks, two banks have declared bankruptcy ( Lehman Brother, Washington Mutual), and it seems that Wachovia Bank is next on the chopping block. But with that 700 billions of tax payer money, no more ridiculous 20 + millions salary pay to executives. No more 50 + millions bonuses either . The American people need to get something out of this. Between 2003 and 2006, Wall Street executives received more the $3billions in salary and 6 billions in bonuses. This is fucking unacceptable. And I agree with republicans when they say the CEO need to pay some of that money back.

For the past 8 years, 3.9 trillions dollars of tax payers money has been spent OUTSIDE of the U.S.( mostly in Iraq), instead of improving the national health system and education, and other infrastructure. Now, who ever the next president of this country, will have no choice but to raise taxes, cause the U.S. is broke.

I hope this bail-out works out, but in my opinion, congress is just stalling a recession. A U.S. recession in inevitable! good luck !!!

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