Re: The Biggest Losers of 2008

For What It's Worth

By zuff996
Wed, 24 Dec 2008 20:50:07 GMT

The biggest losers are the 535 US congressman who passed legislation and didn't control lending practices which led to this financial mess

Comments

We the people of the United States of America are the biggest losers, along with the generations that follow.

What is being done about retrieving some of the money that has help create this financial crisis? Where are these CEO's with all those billions.

Stop the 350K second payment to banks, they are only purchasing other banks. The are not issuing it to the consumer. Stop the high interest rate on credit cards, both present and future.

Sat, 20 Dec 2008 06:53:49 GMT | myoustra

Amen
And the American taxpayer will always be the biggest loser as long as we keep the same lawmakers in office.Good or bad we need to vote them all out in the next elections and to send a clear and strong message to washington WE ARE NOT GOING TO TAKE IT ANYMORE!

Sat, 20 Dec 2008 10:23:07 GMT | akaraven

The biggest loser is the NEW YORK METS. The team to beat. HA,HA,HA. The masters of CHOKE. Just ask my man Chase, Jimmy and Cole.

Sat, 20 Dec 2008 13:18:45 GMT | Badbackbutch

Why do we not see George W Bush on this list? After 8 years of pathetic and failed policies, not to mention the illegal introduction to the Iraq war, he seems fitting for the number one position. All I can say is good riddins! I cannot wait to see him exit the white house in 31 days.

Sat, 20 Dec 2008 17:05:20 GMT | RRRHHH

I find it hard to believe you put Microsoft on this list, the company grossed over 48 billion (yes with a 'B') this past fiscal year, up about 20% from the prior year! And you put the company on a the same list you have Fannie Mae and Freddie Mac?

Sat, 20 Dec 2008 17:46:47 GMT | didntvote4obama

The economy continued from the Reagan years in spite of tax policies from Clinton. Bush had fight congress to change tax policies that Obama has already said he will let expire. You think the economy is bad now, give Obama a couple of years to really see how his tax policies cripple the economy. You are blinded by your hatred of Bush, but I hope when you see unemployment move to double digits and your taxes increase when the tax cuts expire, maybe your eyes will be opened by reality instead of mere liberal rhetoric. A single person under the Clinton years paid $8,000 in taxes but only pays $4,000 after the bush tax cuts. Call it what you will, but letting a tax cut expire that doubles the taxes you pay is still a tax increase.

Sat, 20 Dec 2008 18:01:50 GMT | didntvote4obama

The number one biggest loser by far is our country,which occurred on November 4th 2008 with the election of Obama.

Sat, 20 Dec 2008 19:15:07 GMT | petricca

Sarah Palin should have been on the list....Katie Couric's interview showed the public how dumb she really is. I think the biggest losers are the people who voted G W Bush in for the second term!! He lied about Iraq, and needs to have English lessons. VP Cheney should also be on the list...shoots his friend, then just admitted that water boarding was okay with the administration, that is until they g0t caught.

Sat, 20 Dec 2008 19:46:52 GMT | DebbieG1192

Obviously we are the real losers. There is no longer any honor in the boardrooms-or in the halls of the Senate-It seems that there are many agendas flying around out there-none of which include the welfare of the American people. Change? How does one bring back honor to a fabric worn of deceit and greed. The Eagle has fallen and Liberty is bowed in sorrow

Sat, 20 Dec 2008 21:25:05 GMT | JDDDN

The truth of this is ever more obvious as each day passes. As Greece had their heyday and Rome theirs, As Macedonia fell and even Great Britain has lost their luster, we too will fall and there is no one person, president or otherwise, that can stop the inevitable fal of pride, greed, and blind ignorance to humanity.

Sat, 20 Dec 2008 22:37:15 GMT | Lamentable

Way to got, to you too. You just voted Chicago into the White House, like it wasn't bad enough. there has never been a Pres-elect so embroiled in corrupt/ convicted friends and associates as the man you see as **bleep**. We're the ones screwed now. THANKS A LOT!

Sun, 21 Dec 2008 00:24:05 GMT | beringsea

The biggest loser in 2008 was the American middle class, the small businessman and anyone who saves and invests. We do not have a democracy, but a corporatocracy. Until we have a system of government where candidates may not buy advertising but get their word out in spoken and written word debates ONLY, will the American people have control of our government and therefore our country. BUT, good luck. Congressman controlled by big money will never be permitted to vote for that. It's time the American people organize a watchdog group that publishes the names of their representatives who abdicate their responsibilities in the name of being re-elected, and who come up with money on our own to advertise those names during elections.

Sun, 21 Dec 2008 00:41:31 GMT | 15seasongolfcoach

All the bailouts and billions of dollars to the banks. What about all the american people that have had their homes for years only to find out they can no longer afford the monthly rates due to economy. Where's the help now? Credit Card interest out of control, companies should not be allowed to raise over 4%. Credit Card Companies should be billions and trillions of dollars in revenue from americans. We have paid for them to exist. What is going to happen now!

Sun, 21 Dec 2008 15:29:37 GMT | desphlp21

I agree completely that the banks should not get another dollar when they are unwilling to be accountable to the american public. Where do they think that money came from. Things are so bad in the general public that people who have had pets for years are dropping them off at animal shelters because they can no longer afford to feed them, yet these banking ceo's are still putting millions in thier wallets. It is a disgrace.

Mon, 22 Dec 2008 18:11:26 GMT | rugbyreds

The Biggest Loser is really the people of this once great nation. The billions of taxpayer dollars NEVER should have been put in to the hands of Mr. Paulson who "Six weeks later Paulson announced that the money wouldn't be used to purchase troubled assets after all."

I firmly believe that Mr Paulson should be held accountable for his actions. He also should be investigated for crimes against the American People.

The Bush administration publically dragged their feet as the rest of the intelligent people could see this coming from a year + ago. This past June, 2008, President Bush's comments on our nations economy were that is was stronger than ever. I'm not sure what nation he's referring to.

No company should be allowed to reorganize itself in order to apply and possibly gain bailout money or any other kind of funds from the US Government. Can I reorganize myself as a bank and get just $1 million? Maybe, if I can show that I will not help the economy, Promise to fly only on private jets, and lets not forget payout most of it in a bonus.

Goldman Sachs, according to recent news, took $10 BILLION in bailout funds and now is providing BONUSES that TOTAL $10.9 BILLION. But, that $10.9 BILLION is not the same $10 BILLION that they took of bailout money. If you have $10.9 BILLION sitting around WHY THE #@%K DO YOU NEED TO TAKE $10 BILLION OF TAXPAYER MONEY!!!!!!! Oh, yeah let's not forget ... YOU RE-ORGANIZED YOURSELF FOR THE SOLE PURPOSE OF TAKING THE $10 BILLIION IN THE FIRST PLACE!!!

One last fact regarding Goldman Sachs, Mr Paulson is a FORMER CEO of Goldman Sachs.

You know what my bonus is this year? ZERO.

Our Congressman should never have given a single dime to any company that was giving out a single $1.00 in bonuses. All these companies are failing and they have to give bonuses so that they can retain their "talented" people. Are these the same "talented" people that put this country and the rest of the world in the mess it is in?

Sad truth is, probably YES.

In my opinion, it is time to help the people. After all it is our money that will never be repaid.

Goodbye Mr Bush and Thank you for all you did. :((((

Tue, 23 Dec 2008 13:06:28 GMT | Grahamg4

My son worked at circut city about 3 years ago. One of his friends had been working there for about 4 years and was up to almost 12 dollars an hour installing car stero systems, speakers, replacing radios, gps's and then big move to get rid of the high paid long term workers 12 bucks an hour and 4 years experience. Well they got a lot new kids for 7 bucks an hour and they could bully and abuse them. But the work and customer service went into the toliet. But I guess the new CEO looked good for a year or two. Who cares about customer service and product performance it is all about profit in our country now no pride in work place ,make workers scared and poor.

Wed, 24 Dec 2008 05:35:17 GMT | robtal

The American taxpayer whose money will make all these other losers into financial winners!
The progeny of the American taxpayer who shall pay the tab to insulate Wall Street and the Banks from the cold blistering wind of corporate greed and unregulated neo-liberalism capitalism which needs a socialistic capital transfusion on an average of approximately every fifty years due to capital's surplus being consumed on credit due to the inequity of wages.
Social programs such as health and education for the working populous due to the need to socially finance Wall Street and the Banks.
The working industrial base of America due to the government's financing of the multinational so they can continue to develop an industrial workforce off shore where cheaper labor is now available.

Wed, 24 Dec 2008 12:36:06 GMT | SpringSprang

The comment by Tom Hanks character in " Charlie Wilson's War" comes to mind. We the taxpayers are the biggest losers because we allow a representative government to follow the wishes of the contributors rather than the voters.

Wed, 24 Dec 2008 13:23:09 GMT | steveums

All of us, the American citizens, who were invested in the marketplace, whose financial futures are tied to this mess are the biggest losers. We may recoup our losses over the long-term, but our confidence in the financial system is crushed and broken. What are we as the American investors and taxpayers to do but bend over and take it? All because of someone else's desire for money at any cost.

Wed, 24 Dec 2008 13:44:46 GMT | Sincerity