My first thought was 'Why should I as a taxpayer bail out these business. The CEO's have lived the high life for many years. Now they want us to get them out of the mud. All the while keeping there private jets, big mansions and big salaries. How dare they treat us with contempt. But on reflection if the bail out will stop people losing their jobs then maybe we have to agree to it. But the highflyers must be held accountable. They can't be allowed to profit from other peoples' misery.

I hate to see what is happening in Iceland. My mother is from Iceland and I have many relatives there. They are very hard working good people who deserve much more then all of this. I dont have an answer but it just seems so unreal and I am hoping and praying for Iceland to become economically stable once again and soon. Island, you are in my prayers.

The solution to the economic mess is to get off the back of businesses and Corporations. Drop the Federal Excise Tax, the Capital Gains Tax, and then revise the tax code and go with a flat 10% flat tax for all businesses and individuals. The economy would explode with growth. I personally have held off and will not grow my company until I am free from all the taxes, permits, fees, costly licenses, and other restraining costs. The USA has the highest corporate taxes in the world...and we have lost touch with free market capitalism. We are a socialist leaning country with a free market system that is being stymied with burdesome taxation. Furthermore, we cannot keep giving handouts to those that come into this country illegally. California alone has a 15 billion dollar deficit this year, while we spend 11 billion for illegals. How can we afford services for our own disadvantaged, when we provide services for illegal aliens? We must wake up and say enough is enough...just like Iceland.

10 billion for 320,000 people nice bail out if you can get it.
Dennis

This course of action, if moderated, can bring about change. However, tread lightly or the forces of Communism will begin to answer your call, or worse; outright anarchy. It is my opinion that the U.S. government should simply step in and correct the problem that got the world in this mess. The lack of regulation in the government backed entities, Fannie and Freddie Mac, along with their corrupt mismanagement, has been the root of financial world’s woes. If the government simply reduces all mortgages on primary residences by 25%, it would cost roughly 2.4 Trillion dollars; a lot less than their spending at the fed-funds window and bailing out companies. This would quickly provide liquidity throughout the U.S. in the form of consumers having more buying/saving power.

This is just the tip of the iceburg, pun intended! I hope those in the ivory towers everywhere are paying close attention to Iceland because they ain't seen nothing yet! While the West is dealing with this financil crisis our enemies are scheming like never before and I believe the next four years are going to be some of the harshest we've ever seen, in so many ways!! As so many have already mentioned this financial crisis has been perpetrated by the socialist left and now they have more power than ever before here in the U.S.A. Whether you like us or not we're an integral part of the world's economy, the free world anyway. Most of the countries of old Europe have been peacefully invaded and are being bred out of existence. The taxpayers of those same countries are even paying the costs that help support those that would never dream of assimilating. They're assimilating the very countries that helped them escape the horid conditions that they are now trying to force down everyone else's throat through sharia to start with. A fworldwide financial crisis of this magnitude is just what a "new world order" would need to get started. I'm no conspiracy nut either and I would've never believed a socialist could get elected President of the U.S.A. until the last year or so. I don't know exactly what's coming but I fear America will never recover to be the same and as we go, so goes the most of the free world. Our mighty military will be gutted to make way for a new "civilian security force just as strong, just as well funded as our military." b.o. The people of Iceland have made the first move but I'm quite sure it's only the begining.

At least they are getting a message across. Us Americans are still sitting on our behinds wishing in one hand and $!%!!!^& in the other. While some rich corporate %&@# are still living in the lap of luxury. Corporate F's who have stolen, are still stealing. We should be doing the same ripping some people out of there special little offices and hanging them for treason. That is exactly what these people have been doing to us since the Regan era. Committing TREASON

It's ALWAYS the little guy/lady who gets skrewed in these situations; this is true EVERYWHERE and America is no exception. How the little guy can defend the (FILL IN THE BLANK) hot shots who through manipulation of The System and outright maleficence; and who are still skrewing the little guy, getting bailed-out by the chump little guy, and won't really PAY at all for their negligence and crimes....a guy with a small amount of drugs runs the serious risk of going to prison while those (FILL IN THE BLANK) who've ruined millions of people's lives get off not only scot free but bailed out by the very same people who've been skrewed the most!

"Think before you act" obviously doesn't know what "capitalism" is. Commerce can take many forms. And for most of human history it hasn't been in the form of capitalism. It just this type of wide-spread ignorance that assures that this "blip" is going to take on the proportions of a catastrophe.

The bankers, corporate minions and market speculators have brought us to ruin, and morons are still trying to blame the poor. We know who you are, so when the hard times really hit, don't expect any charity.

I saw the video and if the police are going to hold up in the building to protect the government then the people need to surround the building and starve those inside until they are willing to open the doors. Block any tunnels leading to the building as well.

Dont worry , guys . We´ll lead the way and show the world how to get back at these politicians and moneyleeches. We´ll be the first to denounce this bull that has been stuffed down our throat for decades.
The situation here is unique as in that NO-One has the trust of the people not the government, not the opposition, not the media , not the police, nobody ! Once you cross that line, changes are inevitable, we are fed up with all of it ....all of it . And "we aint working on Maggie´s farm no more"

When the Liberals under Jimmy Carter had control of the US government, they wanted to expand the Democrat Voting block with a scam to put poor people into homeownership. Because the banks wouldn’t make the loans because they were doubtful that they would get repaid, the Democrat’s in Washington then forced these Banks to make these bad loans then the US government bought these sub-prime loans thru Fannie Mae and Freddie Mac. Supporters still in control, Chris Dodd, Barney Frank.Chuckie Schumer, Maxine Walters to name but a few and Obama who thru is work as a Community Organizer with Acorn ,a Democrat front group involved in low income housing and voter fraud in the US, were a major cause of this mess and cannot be expected to clean it up
After 911 Greenspan loosened the money supply to get the economy on the rise but didn’t tighten it up early enough. Stocks go up and down. Housing goes up and down also. Cheap money, down stock market, people put money in housing with cheap, plentiful money. Nice hedge! Only problem was that they forgot that housing prices can also fall. They did that after all of the doom and gloom talk.
These bad loans were packaged into securitized debt with good and bad loans bundled and sold off to Wall Street which were rebundled and sold to Iceland and throughout the world.
. We called an economic slow down a recession for over a year and caused a real recession when the economy slowed because we scared the living daylights ( not the word I first used. Site wouldn’t let me use it ) out of the American people who cut down and stopped spending money preparing for the looming economic doom. It worked. We got Obama and the people who caused this mess reelected.
I want to see those who caused me to lose a ton of my retirement funds prosecuted and hung from the scaffolds in Washington but that will never happen now. The perpetrators are now the new sheriff in town!!!

Aren't the people of Iceland the people who voted the politicians, who ruined the country, into office. Now they turn around and blame everybody else. You got what you voted for, live with it.

Can you say "Third Reich" in America. Hitler had his own civilian police force, it was called the SA.

Stop Drinking the cool aid