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That is complete bullcrap. There are people salivating to buy these contracts at fair values. It is just the banks don't want to see them at fair value because in their opinion it is too low (and they are so highly leveraged that it would mean bankruptcy).

As long as the government buys these crap contracts at a provable discount to what they are worth (as a provider of last resort). Unfortunately, a lot of this crap is worth $0 so that is not saying much. That is the problem here. The current proposal is making the government eat these crap...

So let me get this straight. You want to bail out the morons who took insanely leveraged risk while penalizing companies like BB&T. We've already seen that these companies can't handle their own business. The proof is in their bankruptcies. Giving them free money is so stupid it is incredible.

It is already nuts yes, but has the chance to get even nuttier. It just seems like at least putting some of your cash in gold or silver is only prudent at this stage.

How can you be so sure considering what has already taken place in the financial markets? Socialism/communism here we come.

What a complete moron. He is essentially saying "We don't want the taxpayer to pay for the bailout so what we are going to do is tax people in other ways and try to make it seem like it is not actually taxing the taxpayer. Don't tell anybody that the taxpayers actually buy stock sometimes or...

Man, that letter is a breath of fresh air. Coming from a good solid company, it should carry more weight than my rants at my representatives.

Coming from a person who wants to let Paulson and Bernanke have their way with the American taxpayer.

It's so they pressure Congress to pass this piece of crap bill. Note that GE owns CNBC and GE's financial division is a large blackhole. Just talking their own book as usual.

Well if you are a short term trader, most likely most of you capital gains will be offset by capital losses from another individual. So you probably don't contribute much in terms of taxes. I know it feels like you do, but in the grand scheme of things, you probably don't. If you are a long-term...

No this hurts long term investors as well because of the extra fee, and the spreads on stocks will increase dramatically. You'll get hurt going in and out as a long term investor. It screws over everyone actually.

Anything Byrne says gets ignored.

Cuomo can believe anything he wants to, it doesn't make it true. If these companies are so damn cheap, then everyone should be buying them hand over fist. But they aren't. That should tell you something. I bet you Cuomo sold all of his shares awhile ago.

I don't think Island trades and they definitely don't get stuck with anything. They just bust both sides of erroneous transactions.

What because Cramer says something you believe it? He's an idiot and you have called him that in the past. Uptick rule still blows no matter what you say.

Ummm, certainly the retail brokerages and the exchanges had nothing to do with the current fiasco. So I think your argument is pretty dumb.

Need to imprison sellers, not just short sellers.

And these are the people we expect to make a good decision on a $700B bailout bill?

No no you don't understand. It will just magically be enacted overnight, kind of like banning short selling!

Well I don't agree. Let the market take these craphole companies out of business, where they deserve to be. Don't keep on going back to the same old "too big to fail" crap. It hasn't worked very well in the past. Why keep on doing the same moronic thing over and over again if it doesn't work...