Cnbc said bailout in installments 150 billion first,the rest talk later

[Random.Capital]

Quote from risktaker:

That's what ALL this BS is about. Some BIG BOND HOLDERS have Bernanke and Paulson in their back pocket and they're all in collusion with this RIPOFF "plan".

Then the one lesson everyone should take away from this mess is to never, ever over-leverage, so that you'll never be in the back pocket of "BIG BOND HOLDERS". Let's start by balancing the federal budget - which probrams would you like to cut to reduce spending by $600B?

 

[risktaker]

Which programs to REDUCE expenditures on?

How about...

Defense
Health Care
Social Security
Medicare
Housing
Stupid Tax Cuts

Many others.

It's gotta be done.

Oh, and raise consumption tax like HELL to reign in stupid consumer spending on useless/non essential imported consumer garbage. Same goes for gasoline tax. The Europeans have the right idea there. Tax the crap out of gas/consumption before it's too late!

Quote from Random.Capital:

Then the one lesson everyone should take away from this mess is to never, ever over-leverage, so that you'll never be in the back pocket of "BIG BOND HOLDERS". Let's start by balancing the federal budget - which probrams would you like to cut to reduce spending by $600B?

 

[jem]

It was said by bernake or paulson that 700B represents 5% of the loans. So I figure that makes 14 trillion.