I work in the auto industry. My job is definately at risk in the current economy. But I am willing to take the hit now if it means Wall Street takes the hit with me.

It is well past time there was some accountability in the system. Let a couple of big banks fail.

The constant rewarding of bad behavior just reinforces the behavior. There is NOTHING in this plan that will keep us from having to pay out another $700 billion in six months or a trillion more next year. NOTHING.

Yes it will suck. But it will suck for me anyway it goes right now. My raise (if I get one) will not keep up with inflaton. My savings are already taking a massive hit. My retirement is declining in value. My job is already hanging by a thread.

As I said, I'll take that damned hit. But ONLY if the twits who got us into the mess take a hit as well.

Here's a simple solution. Forget 'executive compensation' and other red herrings. Congress will agree to give money to any bank that needs it, in exchange the CEO, the President and the CFOs along with all boards members going back ten years must be publically HANGED in Times Square.

Maybe that's little harsh but those people (especially the board members) should be barred from ever working for a publically owned company for the next decade. Now executive positions, no seats on the board. Nothing. They got us into the this, they should not be allowed back to party to do it again. Period.

Because here on Main Street we are already damned regardless of what the idoits in Washington and New York do.

I know you keep saying DIRE consequences if nothing happens RIGHT NOW!!!!!!. But as I keep saying, I don't buy it anymore. If the banking situation was as close to utter collapse as you keep insisting than stocks should be tanking (not 500 points down more like 2000+ points down). The investor class should be pulling back. They are NOT. That should say something to you.

Let the investors see the abyss. Let a couple of banks fail. MAKE THEM SUFFER the same kinds of consequences that those of us in the real world are already dealing with.

This will be a bad bill. Democrats will get stuck with it. They are falling for the standard Bush tactic of scaring everybody into acting without thinking.

Of course McCain will vote against whatever 'compromise' comes out. He's going to play the populist card all the way to the election.

Obama needs to seperate himself from Congressional Democrats and vote against the bill as well. He needs to cut Reid and Pelosi off at the knees before they cut him off at the knees.

I still say most of the 'crisis' is hype not reality. The investment class is still putting money into the market. They are not retreating. They are not panicking.

The whole point is get people to act without thinking. And they are succeeding brilliantly.

Idoit Democrats.

As I've already said on a previous thread, no good legislation can be written in four days.

And I remain firmly convinced that most of this 'crisis' is hype. Yes banks are in bad shape and don't want to lend to one another until they know just how much bad debt is sitting on the books. But that is not the end of the economy as we know it. Push it out for a couple of weeks, let a couple of banks fail, let the real market determine just what those derivates are worth and take the time to write a good bill.

If Congress absolutely must inject 'liquidity' into the market, target it towards healthy instiutions so they have the money to cherry-pick the good assets remaining from their fallen (more stupid) competitors.

DO NOT hand more money over to the same people who made all the bad deals to begin with.

If the Democratic congress rolls again to Bush's demands with Republicans (and McCain) voting against the bailout that the public thinks sucks than McCain gets to claim the populist mantle. He will spend the next five weeks screaming against the evils of bailouts and rewarding 'greedy' Wall Street thugs and Democrats (with the bailout tied firmly around their necks) won't have a response accept to repeat George Bush's (25% approval ratings) talking points. That won't go over very well.

Obama will be trapped having to either cut his own Congressional colleagues loss by voting against the bill (and be labelled as following McCains's lead by the MSM) or voting with his party and getting the public backlash against a $700 billion bailout for millionaires.

Either way the Democarts and especially Obama are in a tight spot unless they can get the majority of the Congressional Republicans to vote for the bailout and tie it around their necks as well or, the far better idea, DO NOT PASS A BAILOUT and call Bush/McCain's bluff.