This is really disturbing me with the Govt.'s plan to bail out AIG and other large companies. What are we becoming? A Socialist State?

Either senario..............the taxpayers will be picking up the tab. I say that we should let the chips fall where they may, and keep the taxpayers out of it.

Had WAMU Bank been allowed to fall.  It would have wiped out all the funds Fdic, how long would your money be safe in banks without the insured deposits.

The problem when these large corps fall, you may be out of a home, many will be without jobs, it not only affects our country, but the world's economy will be devistated also.

The economy really stinks, and I am not totally behind this approach but I am looking at the broad picture, and the end results. Not everythingis cut and dried.

Well the FDIC funds are backed by the govt. up to $100,000 person per institution. Even if that was wiped out, it still would be cheaper for the govt.

Otherwise (remember that I am an accountant):

1) Same as the Enron situation - Balance sheets were inflated.........then the house of cards fall. Where are the CEOs?

2) Our govt. can't control it's own spending, how can it run a corp?

3) When was the last time that you saw a corp. ran by all lawyers? Isn't Congress made up of mostly lawyers?

4) This bail out will add to our deficit. China has ruled that it will no longer make loans to the U.S. I guarantee that other countries will follow suit, which in turn, will make us bail our ownselves out.

5) Recession. That is not as bad as it sounds. We have made it through the Great Depression, and I remember the Big Recession under the Carter Administration. Maybe, it is time for Americans to learn how to save their money, and pool their resources again.

6) When is the bailing out going to stop?

7) When the govt. starts taking over private corporations, it then starts becoming a Socialist Society, instead of a free market economy. THAT IS VERY SCARY!

8) Why isn't Congress getting a bunch of financial masterminds to try to figure out this situation, instead of themselves trying to figure it out?

CEOs need to start answering for their mismanagement.............and people will not learn if the govt. keeps bailing them out.

I know thisgoing to  seems like a travesty to our country but truly its not.  This is overdue and self created.  Its from americans living above their means and living deep in debt.  How many banks would be in business if ALL Christians would live by the biblical principal that we owe no man anything.


This is create a reality check in many who thought the did not need God because everything they had was all they needed, and if they needed more or something else they had a credit card.

Recognize that those with the Holy Ghost should be still walking in confidence and assurance in the Holy Ghost.  That the economy is no respector of person as well, however, Jesus will take care of his children if we will let him and listen to his voice.

I agree with you, Bro Ginder on everything, except for one point. Many Christians (including Apostolics!) are in so much in debt, that they even can't see the light at the end of the tunnel. Apostolics think that they have to keep up with their neighbors just like everyone else!

I have been floored to see how many adults in our churches that cannot budget their money. I have even seen it in the ministry, where the budgeting is so poor, that those ministers can't (won't) pay their bills, even so far, as to not paying the bills of their churches.

Also, budgeting courses are required by me in my college/careers class. When I tell other saints about it, many have told me that they need to take one, because they have never learned how to budget their money!

I remember my Bible College President at IBC (Seymour) who used to tell the girls that if they were getting serious with a guy, that they should ask to see his checkbook to see if he was paying his bills. Then he would turn around to the guys and tell them that if they were planning on being pastors, that they better know how to pay bills, or they would run the church into financial problems. What a wise man!

But, I have seen many (even from my own church - small community) who would not pay their bills, and many possible converts will have nothing to do with our church(es) because of deadbeat church members.

Remember..................we are the only Bible that many people read..........and that includes as to how we handle our finances!

Stewardship is an important thing to teach the modern day Church.  It is a divine imperative in my eyes.

stewardship starts in the pulpit, lead by example, then teach stewardship and financial accountabilty.

Today it is important to teach the word on finances, it is there for a purpose, Jesus knew this day was coming

Now Americans are starting to realize that all those loans a few years ago are the cause of this situation.  When companies start handing out loans like candy with very little interest.....................not a good thing.  Especially, when the borrowers have poor credit history.  Why?  Because, the money doesn't get paid back!

Doesn't make sense now, that people should pay their bills, and not live beyond their means?

sis I will send you a email that shows where this all started with the Dems back with Carter and again with Clinton, but yet the republicans got that blame too.

When the government made it easy for poor risk people to get loans, was the start of this mess

I agree totally.  When bad credit risk people are given loans, the money isn't gonna be paid back.

Yes, Republicans get blamed alot for the Democrats mistakes, as it takes 5-10 years for a policy to actually show either the positive or negativity of it.  By that time, another President is in office, and usually of the other party.

But, I do blame this mess on the investment companies.  These people are supposed to be financial professionals who should know better than to give out these types of loans.  And of course, the ones who get the big pay outs, get out when the timing is right, and everyone else gets stuck with the bill.

As with the low interest rates a few years ago, when something sounds too good to be true, it probably is.  We now see the mess.