How do you feel about your money being used to bail out foreign banks?

I live in an apartment (No mortgage) and I spend cash (No credit cards)...screw the bail out at home or abroad. Welcome those greedy CEO's to my world of Top Ramen...

Well, what do you expect. Since WWII America has been the "savior" of the western world. Whether it was facing down communism, the Soviet Union, Islamic terrorism, etc. Why should the economic crisis be any different.

The emergency measures at AIG had to do with European Banks and nothing else, the gov't actually wanted to have nothing to do with AIG, just like Lehman Bros. However, they had to step in to save the European Banks. AIG held $600B in credit swaps, $500B were tied to European Banks (mostly from Germany and the UK). If the US gov't didn't step in to save AIG the German and UK banking systems would have collapsed. European gov't are so screwed up, due to the EU, that they would never be able to act in time due to all the internal bickering.

It's the US to the rescue again.

I think that our Congress is smart enough to put some type of guidance and oversight that the money goes to shoring up US banks and institutions only. We need to control where this money goes to and how it is spent or we will just throw this down the drain.

I also don't want the Democrats to just throw money away on the people who were stupid enough to get into the risky loans to begin with.

Yeah I heard and I heard about McCains dealings on it too and the $50,000.00 given his campaign from Insurance companies off shore. Those companies have bilked tax dollars in the billions per year.

From all I'm reading the global stability hangs in the balance right now. Instability in other nations affects us in many many ways least of which is safety.

Personally I'm against it. It is interesting to note that McCain's chief economic adviser is Phil 'Forclosure' Gramm, former U.S. senator and now a vice chairman of UBS Warburg, the giant Swiss bank. For more on Phil, see http://www.gather.com/viewArticle.jsp?articleId=28...

You can bet UBS Warburg and Phil Gramm are pretty happy about the idea.

Warren Buffet is putting up 5 billion dollars for Goldman Sachs.

Why can't we let the market deal with this. You know, what those wonderful neoconservative Republicans keep telling us, "the market the market".

I do not agree with that guy. Paulson can kiss the absolute fattest part of my butt. I don't like the government wasting even more money driving our country down the crapper.

In the same way as I feel that Cheney/Bush put my money in their pockets and pockets of big oil companies at the expense of education and health care. But the worst part - is hypocrisy : all that was done for 'my own protection' that I did not ask for.

I don't like my tax dollars bailing any one out! It out to be CEOs and congressmen looking for someone to bail them out of jail let alone foreigners

I know it sick, and the problem is, the dollar is being held up by foreign investment's, what a hole we dug for ourselves here in america.