Any plan must have legal requirements to provide low interest rate credits to consumers, to stop layoffs and help victims

What? The evil Bailout Plan would be on table again! Throw it out of window again!

Why do they fail to understand what is happening in the markets? It's all a question of confidence in the value of stocks and bonds, etc. The Fed may print more money but it cannot create confidence by the evil Bailout Plan. Strictly speaking, whether the devils in Wall Street can transfer their toxic debts and dirts to the US government is not material to the price that I am going to sell or buy a particular stock except of course when you are dealing with the evil Financials. So even with the evil Bailout Plan being approved or executed, it won't determine the price of the stock!

As for the lending and borrowing between the devils in Wall Street, why bother? We are talking about the credit concerning ordinary people in the street; we are not talking about the devils in Wall Street not being able to or unwilling to lend to each other. How these devils treat themselves is really their businesses and if they don't lend money to each other, they deserve it as part of the price they must pay for creating the housing and financial crises in US and the world. As for ordinary people, if you can repay, you can borrow from the bank and I am sure the devils in Wall Street are more than happy to lend credit to you.

The question of interest rate sounds funny to me. High interest rate on borrowers in the street will be bound to stay whether with or without the evil Bailout Plan. The rate represents the spread and the price for taking risk that the lender wants. How would you lower your interest rate in an economic climate like this? Yes, the lender may have ample capital or may be seriously sick with toxic debts and dirts inside its body but when it comes to interest chargeable on borrowers, I don't see any chance of lowering rate at all.

It's also a question of profits. The devils in Wall Street can hardly show profits in their accounts when they are still holding the toxic debts and dirts. The evil Bailout Plan aims at swallowing all toxic debts and dirts of Wall Street and once done, the devils can reconstruct their balance sheets and other accounts! But that has nothing to do with the interest rate that they will charge for lending money.

Moreover, there is no legal requirement in the evil Bailout Plan to compel the devils to lend money at lower rates to borrowers or the consumers in the street. So how could you say that the evil Bailout Plan will enable ordinary consumers to get credits and borrow from the banks? NO, the evil Plan can't work in such way; that is NOT the true intent. The real purpose of the evil Plan is concealed from you: the evil Bailout has only one purpose, i.e., to use public money to swallow all the toxic debts and dirts of Wall Street and nothing more!

As for unemployment, what the government should do is to create more jobs by using the USD700 billion or more and to provide financial assistance to those losing their jobs by using such amount again. But to use the money to swallow the toxic debts and dirts in Wall Street won't help the unemployed in any way. Yes, hopefully you may stop some lay-off in Wall Street but again there is no legal requirement in the evil Plan that the devils must not lay off their staff when they get the bailout!

In the absence of legal requirements under the evil Bailout Plan to provide low interest rate credits to consumers, to prevent layoffs and unemployment and to help mortgage borrowers, the evil Bailout Plan may only represent a false dream to the victims of the financial and housing failures created by the devils in Wall Street.

We must have a plan that will legally require the financial sector to lend to consumers on low interest rate, to stop layoffs and to help victims.