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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (279891)	11/10/2008 9:02:29 PM
From: Bearcatbob	Respond to of 793963

"Stock and bond holders of failed companies SHOULD lose their investments. That's how honest, free markets are intended to work. " Yup - and they mostly did!

To: skinowski who wrote (279891)	11/10/2008 9:03:31 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 793963

"Having honest, free markets work their magic would do a better job at restoring confidence than watching the circus of how those with best political connections grab the largest chunks of taxpayer's money." And your solution is massive bankruptcys? I think you can eliminate the companies but you cannot eliminate their functions. The functions must be preserved.

To: skinowski who wrote (279891)	11/11/2008 12:32:32 AM
From: xr1	2 Recommendations Respond to of 793963

Tax paying ordinary citizens never get a break. The recent $700 billion rescue package to bolster the financial system also threw a lifeline to thousands of people who owed taxes on stock options dating to the technology-stock crash of 2000. A five-paragraph section tucked into the bailout bill effectively erased those taxes, at an estimated cost to the Treasury of $2.3 billion. Link to the article entitled "Bailout Bill Provided Tech Workers With Tax Relief for Stock Options": online.wsj.com