An expensive stadium is built in Arlington TX.  Taxpayers must pony up.

Wall Street firms must now be bailed out.

Arbusto, and two other oil companies had to be bailed out.

And so goes the sorry history of George W. Bush. Everything he has been associated with has failed with others  left holding the bag.

When will Bush and all his fellow failed CEO cronies pay for their failures?

katjam

The US gov't sends out millions of checks each month to people who draw Social Security, who are retired military, who have a service connected disability, who have retired from a federal gov't job and who get unemployment compensation.

"Everybody" has at least one credit card.

With these two situations, there will still be money circulating, which was one of the big problems during the 1930s, i.e. the lack of circulating money.

It doesn't have to involve the entire system, but I'd like to know how a bail-out makes it so that Hewlett Packard can get a loan, and no bail-out precludes that.  If Bank X is insolvent, why can't HP go to Wells Fargo, or directly to the Treasury through a new entity?

It's a scam when you're being asked for money and at the same time being told that "it's too complicated" for you to understand.  Instead, trust Paulson.

I demand a clear exposition of what the problem is, so that I can look at it - along with economists - to see if there is a way to preserve the operation of the economy while giving Wall Street the absolute minimum in cash (preferably zero).

This whole thing stinks of a pure toss of money to the financial firms that gambled.

There are plenty of people arguing that. I don't see any possibility of any serious depression. At least, not globally. In the US, yes, of course. What goes around, comes around and Americans are going to have to pay their bills. But the global economy is stronger and larger than it's ever been, and in fact is growing even now. Credit crunch? No, actually there's more capital (much, much more) available now than ever before in human history. Tens of trillions of it if you count globally.

This is an engineered "crisis", designed by the Democrats and Republicans so that they can steal hundreds of billions of dollars. That's all it is. The whole thing is a sham.