Rage: please calm down before you have a stroke. Your points are bang on. Now that we, the little people have and will have to pay for this mess, the government should make it mandatory that all mortgage debt and all charge card debt for everyone in America who has these bills, who are now stuck bailing out these giant con artists, should be null and void. In other words paid off(written off) as paid in full to show good will/conscience(yeah, right) on the part of these banking corporations,for the help they are receiving and since it is US who are stuck paying for this corp. welfare, they should in return cancel all outstanding debts in order to qualify for this help, otherwise the little people should be the ones who get this “bailout money” in the form of a voucher(s) to pay off these debts, payable only to the banks who hold them, thus helping out everyone concerned. But that makes to much sense for this brainless, rich corp friendly administration.

There should be a new law stating that all debts are canceled for the people who are bailing out the rich and that the banks can not come back later on and try to collect this debt or damage your credit scores. How about it BUSH? You are cramming in all kinds of other exec. orders that are harming the environment more, how about doing the right thing and make this a new law. As it stands now, we are being hit at least twice for this mess. And has anyone else noticed since the bailouts have started for the banks that the interest rates on charge cards has gone up about 10% even though the balance is about the same? More that double-dipping from the top.

Does this mean that my credit card balance is now paid in full?

Ron Paul was right.  He said there would be no end to this.

Another point for the financial elites. People of the world: Zero.

There is no end to this.

*sigh* Here we are at it again.

At least they aren’t trying to get new funds and this is coming out of that ridiculous 700 billion fund that was created last month.

What’s it going to do the for rest of us though? Bleh, who knows.

Are they going to attach any strings to this “LOAN” like they want for the car companies, if they have anything left for the automakers after bailing out the already rich? What type of guarantee well the taxpayers have that this new bailout money is not used for more trips, parties, stock dividends, bonuses, or golden parachutes, or just plain pocket lining? There needs to be conditions in place before more money is just handed out to then already rich CEO’s of these companies.

Want to shake these ‘impossible to fail’ banks up to their very core? Pull all your money out and put it in a small home town bank. IF you need a credit card, get one with as low a limit you may need and if you use it, pay it off before the end of the month. Basically, go local and small and do your best to keep from having any dealings with those ‘impossible to fail’ bemoths.

Exactly…for years these big banks lobbied for the rules to be changed allowing them to merge over and over again, and now it appears that they could’nt stand under the weight of these constant take-overs.

to big to fail IS to big to exist. What do 350,000 people do? process paper??? for what $50-$250,000.00 per year??? I say let them try working like 95% of the country.