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Reverse auction is lame in this situation. Make people bid for this crap and hit the highest bidder. If the bank doesn't like the bid than tough crap, you're bankrupt.

Just for short sales on the restricted list or short sales on everything?

It is personal. This whole bailout is an insult to people who can actually do simple math and know how to take care of their finances.

Tell us more Paulson and Bernanke shill.

Oh yes, it feels good. Let these companies roast.

Yes, yes, and yes.

Bill Gross is the biggest shill and beneficiary for all of these government bailouts. True price discovery would be great but that is not what the banks want. They want the government to overpay for these securities, otherwise they are bankrupt. They are avoiding true price discovery any way...

Only traitors say people who voted no today are traitors.

Thanks for the list, I was going to make one myself if somebody else didn't do it. My representative voted nay so he gets to keep his job.

Because GE is crapping its pants that this bill did not pass.

You are talking like this bailout will somehow assure those things. I am not convinced.

Man I wish I could dig up the very recent and glowing interview Cramer did with Bob Steele of Wachovia. Classic.

Wait, how are Cramer faves WB and RIMM doing?

Why is this sad? I mean if you have any cash and the market actually corrects to reasonable values, it is great for investors.

So what you are saying is that a person who does business with another entity doesn't need to check that entity out before doing business with them? We should bail people out for choosing the wrong business partners?

I thought the ban on short selling would stop these downward moves! Confused... :confused:

It's sure working on WB! Brilliant!

Who says I'm not trading this market? I'm just pissed off this bail even is being considered. It is a travesty.

I don't know how many times I've heard this excuse to let these jackasses off the hook. The source (besides yourself) has always been a TV figure. They always say something like "This is our problem and everyone has a part in it." Well you all can just go dip yourself in bullcrap as far as I'm...

But there are bids from private equity. The banks just don't like the bids. That is the problem. The banks want to have their cake and eat it too.