Comments about ‘Bailout could cost $1 trillion’

Deseret News: I'd like an article quoting someone other than a banker/politician on this - a credible non-partisan analyst. Mr. Feiger tells us it's a trillion - then $700 B doesn't sound quite so bad??? I don't buy the plan and that it has to be done right now. What does the do-nothing option do to us long-term? Thanks

Just a few months ago a bailout was going to cost $25 billion. Then it jumped to $700 billion. This morning it is $1 trillion.

Folks, most estimates put it above $5 trillion!

The question of the day that the average person is incapable of understanding (out of laziness): where is the "money" going to come from?

1. They raise taxes by $5 trillion.
2. They get China and the rest of the world to buy $5 trillion worth of T-notes.
3. They print $5 trillion worth of paper.

The first two options can't happen. That leaves number three and the best examples of that include Argentina, and German. It's called hyper inflation.

Milk and gas will cost $10/gal, if you have a job to drive to.

This is the 1930's on steroids. The last thing we need to do is print $5 trillion of soon to be worthless dollars.

We need to let these banks ride it into the ground and recovery the old fashioned way. In either case we are in for a very hard recovery, the hyper inflation route is worse.

Related subject, this will finally solve illegal immigration. No jobs, no illegal aliens.

He's a banking industry executive that stands to lose a lot if this plan doesn't go through.

We're told that NOT following this plan will drastically alter our entire financial system. That means people will have to actually save money to buy stuff rather than get whatever they want on credit. Sounds good to me.

The problem with the bailout it doesn't fix the problems that started it all. Any bailouts without regulations will only worsen the economy and financial industry. Every one that invested in stock or bond based retirement accounts knew it was at risk the moment they put their money into it. That's what gambling is all about, it's risky with no guarantees. These retirement accounts are the financial industries means of getting cash in to their pockets to squander and waste on bad investments. Just like in the Wall Street crash in 1929 they got hold of individuals cash laying around and made bad investments that caused the failure. Does todays problems sound familiar? The Baby Boomers will be most affected and retirement delayed to stave off any drainage of cash from the financial world. Retirement accounts is the only source of cash feeding this coruption and frenzied market. The financial market has been in trouble for decades but instead of regulating and control they were allowed to feed off the working peoples cash and savings with promises and hypothetical numbers in retirement accounts. So why is government telling the people to keep feeding this hog on the butcher block?

Please write your congressman and stop this payoff to donors and lobbists, We will survive without the bail out,printing more money and going father in debit will only hurt or dollar and weaken the economy, Wall street needed to adjust and check anyway. Do what Warrenn Buffett did buy at a discount price and wait until market comes back?
Sec of Treasury Henry Paulson took a severence package 2 years ago from Goldman Sachs for 140 million, Yea we should listen to him and George Bush?

As others have already stated above: The bailout is a BAD idea. Look for hyper-inflation to occur such as we've never seen! I have a good amount of money in the stock market, and I know I'll take a hit if the bailout doesn't happen, but the bailout, in the long run, will only make things worse.If the government has no qualms about increasing the debt load by 1 tril. why don't they just send everyone in THIS country a check for 10k? If the bailout does not occur, I see the debt being bought up by foreign investors at say 10cents on the dollar. What's wrong with that, it happens all the time on a smaller scale. The difference is that all of these companies that lost so much value, will, in the future be a little more careful with OTHER PEOPLES MONEY. There's a lesson that co's (of which I'm an investor)must learn!

You are TOTALLY right!
But no one is going to listen.

How can we bailout private industry and still call ourselves leaders of capitalism?

Doesn't the bailout mean that we have failed and our economic model does not work?

If we support the bailout, we reward the behavior that created this fiasco in the first place and penalize those that live within their means.

Sorry folks, but you really don't get it. This isn't about bailing out banks, bankers, Wall Street, CEO's, or investors. It is about bailing out this country's economy. You want to see total economic meltdown, not only here but abroad, just keep believing we can just sit back and let it run it's course. We do nothing and we will again get to live what our parents or grandparents have only told us about the great depression. This isn't about politics, George Bush, democrats, or republicans. It is about the survival of our very economy. And incidentally, I know George Feiger. He is one of the smartest, intelligent, yet fiscally grounded and street smart finance guys I have ever met. I would listen to him.