Title: Let it Rip: Bailout Nation?

" Has a letter written a -- bit more about subject to heavy hitters were discussing the bail out of Freddie Mac Fannie may. By the federal government -- member of Bear Stearns has -- bailed out earlier. Course the market responded favorably yesterday to bailing out. About Freddie Mac. And and Fannie -- and also. You're responding while Wall Street government that they would do it if push came to shove while pushed it comes to shove in the did go ahead put billions of dollars. In the Fannie Mae and Freddie Mac. Question now is let's say you're the US auto makers in the party raise this issue and you're struggling. And you need some money to be bailed out you're saying look the future of the American automobile very much jeopardy here we need money is about to about helping us out."

" What about the airline industry what about other industries there is that we need help other businesses at what point do you draw the line what happened premarket if you make bad decisions. And you run a port company you go out of business -- nobody there with that what was already made those mistakes yours in my you know you go. Very dangerous precedent that -- I understand had to be done in this case start to wonder. We premarket economy."

" Yet I guess the line is drawn when the businesses become so big that he notes the risk of not bailing it out -- has greater impetus enough for all of us. And Ed I just another as a person who decided not to buy a home. This really really frustrates me because he's been all your life improving your credit ratings -- it's definitely you know what Ike. If the house -- no money down but it just doesn't seem right it doesn't really make sense yet he did the responsible thing. And your reward is seven bail out all these people who didn't. And I think that is just incredibly frustrating for people like me who decided to err on the side of caution and our thanks -- pay about this he believed it."

" Him through fault of their home usually isn't set something that the people through no fault of their own and I don't know -- some cases -- okay. They're predatory lenders out there most of this of people took on too much. To assume that they can get the proper documentation whatever no documentation is thought yeah this. No fault of their own they're now being bailed out and those who were -- along doing the right thing we have to be the ones to help build that well."

" And the banks of the bitter cold with I think if you if you give someone. 500000 dollars -- to document they haven't shopped. It does a lot of business that is insane."

" Carried in on a mortgage it turns out you're paying for thousands of our of -- then what is the thing you know when you had to write and -- when you have two companies to handle an 80% of the mortgage business in the country. -- something's bound to happen I mean sums got -- given something did give. You're throwing these crazy cockamamie mortgages that people were thrown around just given money away when people had no business taken these things on these. Jumble lowlands are very horrible idea of right on their face they were through all of these things around like who want when you WW dot. The corsets got a crash at some point they should never be another situation. Where it one or two companies can handle that much of the load. Because we've seen it time and again you'll only have one you got no competition. Things run -- people get greedy and things get ruined and that's what happened here as -- the government's got to bail amount but. What confidence we have -- them that they're going to get this thing right in the going to institute the necessary reforms. To ensure that this doesn't happen again they talked a good game yesterday -- all plays out."

" Think about the auto industry now because right now there at their stocks are classified as junk bonds. They say that they if they -- to -- get credit they have to get credit 20% interest until they're asking that the government for May be upwards of fifty billion dollars in low interest loans they say helped pay at Apple what happens if that they out of industry continues the way it is now but people aren't buying cars and then what happens the government. Eat that loan for fifty billion dollars a week."

" I think the bigger the concern is that airlines quite frankly is the airline industry news. Such an important part of the economy and their slowly but surely falling apart and I think -- that it wants to come up next -- alone in the government's going to say. This part of the global economy so we got -- bail amount just like seven the housing issue and once again we're going to be facing in this. As taxpayers. Are bailing them out as well -- of."

" Market government starts running everything -- business. Giving -- Do it yesterday it just stinks that's all that."

" It set up I'm afraid they're going to say they have to do it again that's going to be the problem and victory are in Washington this week they say the breaks out of at some point my part boston.com."

" If you'd like the way it would appear from."