Stunning Fall for Main Street�s Brokerage Firm

[AngelinaCat]

[BROKENN]

I swear the banks own the world, not the governments.............

[soleprop]

[justbroke]

I swear the banks own the world, not the governments.............

Well, if the Bank's called any single Government's debt...

[banca rotta]

I wonder if the banks will find the additional bk paperwork they lobbied for a pain in the ass.

[chloe0724]

Bank of America bought them. The whole place is crazy right now!!

[JRScott]

I'm just glad we've stopped bailing them out, we can't afford it. Better to let these companies fail that made bad decisions, in the long run its better.

Bailing out Bear Stearns, Freddie Mac and Fannie Mae were just short term solutions that in the long run will end up costing us twice.

[Lajazz947]

I'm just glad we've stopped bailing them out, we can't afford it. Better to let these companies fail that made bad decisions, in the long run its better.

Bailing out Bear Stearns, Freddie Mac and Fannie Mae were just short term solutions that in the long run will end up costing us twice.

I don't think that it is as easy as that and there are many different facets to examine.

Wall street creates 4 jobs worldwide for every one that they have so letting them fail may or may not be the best thing.

In the long run everybody THINKS that they learn a lesson but witness the insider trading scandals, the junk bond crisis, the failed S&L crisis, dot com bubble, the analysts issues, the CDO's, the auction rate preferred issues and now the sub prime.

At the risk of sounding like a democrat this is ONE area where we need more regulation if nothing else.

[treehugger1]

They can get a "bailout." They should have to suffer the consequences of a BK chapter or submit themselves to the civil rules of procedure applied to many consumers.

I'm not sure if I am "democrat" or a "republican," but I do feel that basic necessities need to be regulated. These include transportation, energy, healthcare, and financial institutions who rely on the discount or "overnight" rates provided by the feds. I may have missed some necessities, but for the rest let the FREE MARKET reign. The market should be required to submit to the same risks that consumers take on. If this seems simplistic, then it should.

JMHO

[Scott50]

add AIG to the growing list of govt bailouts- US taxpayers just "loaned" 85 billion to AIG and in return we received a 79.9% equity stake in AIG..