Are you tracing Corporate America Bailout?

No. Then just look at this link here and check for yourselves how corporate America will be Bailout and not Middle Class Americans, The people who running the economy, the peple who's always be blaming for, the people who's really suffering, The people who's paying taxes, If a business can't survive without taxpayer money they deserve to fail but Hundreds of banks and a handful of insurers and automakers have applied for funds from the Treasury Department as part of the $700 billion Troubled Asset Relief Program. The Treasury Department has transferred capital to the majority of these companies as Taxpayers expenses.

Where's accountability and responsability? Are we there yet?

If you owned the bank or Mortgage company money do you think they'd give you a break to pay an overdue bill or would they ask you to live the house and file for bankruptcy?
We need to Understand there is no such a hope, a help, a bail out for American Taxpayers, Citizens, workers, middle class americans. The sense of Hopelessness are at the tip of iceberg for Power, political purposes and Money. That's ashamed.

Rising depression. Suicide rates for the Mortgage crisis. No Help at all for middle class americans.

Towards our leaders & institutions; they are naive beyond belief. Although being used, abused & oh so confused by their so-called leaders, big media and this one-sided economic system; they keep on chuging along still wanting to believe in the american dream they are sold every minute, every day.

The real whiners are that 1% of happy few plutocrats and their 90% + of the whole shabang. They are the ones we are bailing out. They are the ones constantly lobbying & begging for more deregulation & tax cuts. They are the welfare corporations slaughtering US's middle class and making them feel guilty about it too…

There’s this big squeeze on the nation’s workers, wages have been flat, health and pension benefits are getting worse, at the same time corporate profits have gone up very, very nicely. Employee productivity has gone up 15, 20 percent, yet wages have been flat, plus companies are pressuring workers, you know, to work harder and harder.

And that’s part of a broader health crisis in the nation, where, since the year 2000, even though we’ve had pretty good economic times until the last few years under the Bush Administration, nine million more Americans are out of work than was the case in 2000. So now, almost 50 million Americans, nearly one-sixth of the workforce, is uninsured. And you think how crazy that is, in ways. You know, we’re the world’s wealthiest nation, yet one-in-six workers are out of work.

Wall Street is exerting much more pressure on corporations to maximize their share prices, as you know, which means maximize profits, which often translates into lowering costs and especially lowering payroll costs. So a lot of managers will say, you know, the area where they have most flexibility to reduce cost and increase profits is on payroll. So that’s why we’re seeing all these waves of downsizing and Suicide is becoming an increasingly popular response to debt.

For more than two decades, the couple had lived in their three-level house, where the elms outside blazed with yellow shades of fall and their four golden retrievers slept in the yard. The town had always been home, with a lazy river and rolling hills dotted by gnarled juniper trees.

Yet just before lunch on Oct. 23, the Donacas closed all their home's doors except the one to the garage and left their 1981 Cadillac Eldorado running. Toxic fumes filled the home. When sheriff's deputies arrived at about 1 p.m., they found the body of Raymond, 71, on the second floor along with three dead dogs. The body of Deanna, 69, was in an upstairs bedroom, close to another dead retriever.

"It is believed that the Donacas committed suicide after attempts to save their home following a foreclosure notice left them believing they had few options," the Crook County Sheriff's Office said in a report.

Their suicides were a tragic extreme, but the Donacas' case symbolizes how the housing crisis is wrenching the emotional lives of legions of homeowners. The escalating pace of foreclosures and rising fears among some homeowners about keeping up with their mortgages are creating a range of emotional problems, mental-health specialists say. Those include anxiety disorders, depression and addictive behaviors such as alcoholism and gambling. And, in a few cases, suicide.

Crisis hotlines are reporting a surge in calls from frantic homeowners. The American Psychological Association (APA) and other mental-health groups are publishing tips on how to handle the emotional stress triggered by the real estate meltdown. Psychologists say they're seeing more drinking, domestic violence and marital problems linked to mortgage concerns ? as well as children trying to cope with extreme anxiety when their families are forced to move.

"They're depressed, anxious. It's affected marriages, relationships," says Richard Chaifetz, CEO of ComPsych, a Chicago-based employee-assistance firm that is counseling homeowners over mortgage fears. "People tend to catastrophize, and that leads to depression. Suicide rates go up. We see an increase in drinking, outbursts at work, violence toward kids. Before, their houses were like ATMs," as they rose in value. "Now, they feel trapped.

Foreclosure filings surged 65% in April compared with the same month last year, according to a report Wednesday by RealtyTrac. One in every 519 households received a foreclosure filing last month, and the number of homes with foreclosure activity in April was the highest monthly total since RealtyTrac began issuing the report in January 2005.

Don Donaca, Raymond's brother, says it's hard to understand the suicide, but he thinks the pending foreclosure led to their deaths.

"He got so deep in debt he couldn't figure out what else to do," says Don, 74, a retired sawmill worker in Prineville. "I guess a guy would have to walk a few miles in his shoes to understand."

Financial concerns at the top.

Many other homeowners are at risk of less-severe, but still significant, psychological distress: One in seven homeowners worry that they won't be able to make their mortgage payments on time over the next six months, according to an April Associated Press-AOL Money & Finance poll, and more than one-quarter fear their home will decline in value during the next two years.

ComPsych says financial concerns are now the top issue the firm's counselors are hearing in calls from clients. Calls about financial worries have surged 20% over last year; those related to mortgage problems have doubled.

"It's escalated to the No. 1 issue because of the housing crisis," Chaifetz says.

Half of Americans identify housing costs, such as rent or mortgage payments, as significant sources of stress, particularly on the East and West coasts, a 2007 survey by the APA says. Sixty-one percent in the West, and 55% in the East (compared with 47% in the Midwest and 43% in the South) reported housing costs as a very or somewhat significant source of stress.

"The problem affects the whole spectrum, not just people losing their homes," says LeslieBeth Wish, a psychologist and social worker in Sarasota, Fla. "The stress exacerbates what is already there. It brings to the surface problems that were often already there, like marital problems. There is so much blaming people for the situations they're in, and that adds to it."

One of Wish's patients was semiretired when she bought a home in 2005 in southwest Florida as an investment that she hoped to "flip," turning a profit. The woman now owes more than the house is worth and can't sell it.

Wish says her client has developed anxiety, dwelling on her financial situation from the time she wakes up to the time she goes to sleep. Other clients, Wish says, are reporting physical symptoms such as headaches and stomach pains stemming from anxiety over their mortgage situation.

ComPsych's counselors are hearing similar stories of the mental-health toll caused by the housing slump. At the request of USA TODAY, ComPsych's spokeswoman Jennifer Hudson queried counselors to come up with examples of the types of employees they're helping. One couple were going through a divorce, and the wife told ComPsych counselors that financial stress was the final trigger. They had maxed out their credit cards and were living off credit in hopes that they could keep their house. Another woman called because she suspected her husband was gambling again, apparently hoping to win big so they could repair their financial mess. She was afraid they were going to have to move in with her parents, ComPsych says.

For Gary Sweredoski of Myrtle Beach, S.C., the threat of losing his home to foreclosure has taken both a physical and an emotional toll. In 2007, Sweredoski, who had no health insurance, underwent triple bypass surgery and wound up with more than $300,000 in medical bills. Then Sweredoski, 60, a real estate broker, saw his business suffer as the housing market crashed.

Today, he and his wife, Irene, struggle to make the mortgage payment on the dream home they built in Myrtle Beach and are trying to stave off foreclosure. Like many other homeowners struggling with the financial consequences of the housing slump, Gary says the emotional pain can be severe.

Standing on his deck overlooking a lake where ducks swim and bobbing pontoon boats drift by, he says such circumstances "shatter your pride and become very humiliating, even though the circumstances are not of our making.

"The situation keeps you up at night, preventing you from getting the rest you need. A lot of the depression that I feel, I do in private," he says.

"It angers you. It frustrates you. It has a large bearing on your emotional state. When the thought of losing a home looms, you lose more than a building. You lose what you worked for so many years, all of the equity that you have accumulated over the years. It's humbling. It affects us deeply."

Rising depression, suicide rates

Historically, research shows, rates of depression and suicide tend to climb during times of economic tumult.

Why you should bail out Corporate CEO'S of America?

Why Government shouldn't bail out Corporate America and make some Corporate CEO's, CFO's accountable for their own mess. The Economy is in turmoil putting taxpayers on fears and speculations of the near future but the CEO's, CFO's living the High style with the outrageous and mega salaries.



This is the list of a few Corporate America CEO's, CFO's and their Mega Salaries.

Stanley O'Neal, Merrill Lynch

Following an $8.4 billion write-down at Merrill Lynch, the news that the head of the firm, Stanley O’Neal, would be leaving in late 2007 with more than $160 million in stock options and retirement perks in his pocket outraged many, from shareholders to legislators.
The previous year, O’Neal had been paid $46.4 million, making him the nation's second-highest paid executive in the country behind Lloyd C. Blankfein, the CEO of Goldman Sachs who made $54.3 million.

O’Neal was part of a group of corporate top dogs called to testify before Congress about excessive CEO pay. Merrill Lynch has since been taken over by Bank of America.

Angelo R. Mozilo, Countrywide Financial.

Angelo Mozilo built Countrywide Financial into the nation’s largest mortgage company and was paid handsomely during the real estate boom.

He fought against his own board’s attempts to cut back his pay by hiring a special consultant when things started going south in 2006.

His efforts paid off. In 2007, he took home $121.5 million from exercising stock options and compensation of over $22 million. This huge pay came in a year when the bottom dropped out of the housing market and Countrywide took a beating with a loss of $704 million and a nearly 80 percent skid in the company’s stock price.

The company was bought by Bank of America in July.

Richard Fuld, Lehman Bros.

In a New York Times opinion piece last month, Nicholas Kristof estimated that Lehman CEO Richard Fuld last year earned “roughly $17,000 an hour to obliterate a firm.”
That estimate was based on Fuld’s earnings in 2007 of more than $40 million.

Lehman Bros., the oldest of the Wall Street titans founded in 1850, filed for bankruptcy last month.

Fuld, who has been CEO of Lehman since 1993, was faulted by analysts for not taking acting quickly enough to deal with the firm's problems

James Cayne, Bear Stearns

Bear Stearns CEO James Cayne made more than $160 million before the company hit the skids and was sold off at a discount price to JPMorgan Chase as part of a government bailout earlier this year.

At one point Cayne was worth about $1 billion on paper, but when the Wall Street firm crumbled he sold his stake for a mere $61 million.

Cayne, known for being an obsessive bridge player, was supposedly at a bridge tournament and unable to be reached when two major hedge funds at the firm collapsed in 2007, the beginning of the end for the firm.

Richard Syron, Freddie Mac

Despite not heeding warnings from his own staff that the risky loans Freddie Mac had financed could hit the company hard, Richard Syron was expected to walk away with a pay package of more than $14 million.

Freddie Mac, a government-sponsored enterprise that operated as a private company, was wholly taken over by federal regulators last month and Syron was officially out of a job on Sept. 6. The government said it would not pay Syron the golden parachute he expected to receive as part of his pay package, but it’s still unclear how much he’ll end up pocketing.

Syron, an economist, joined Freddie Mac in 2003 after it was revealed the company had manipulated earnings to the tune of $5 billion

Daniel Mudd, Fannie Mae

It’s hard to imagine the chief executive of a company established by Congress to help citizens buy homes would end up getting a raise when the firm was losing money and the housing market was collapsing.

But that’s just what happened to Daniel Mudd at Fannie Mae, who saw his pay rise 7 percent in 2007 to more than $13 million.

Mudd’s promised golden parachute, worth nearly $10 million, is in question because federal regulators have said they will not pay. It is unclear how much he will get.

Kennedy Thompson, Wachovia

Wachovia former chairman and CEO Kennedy Thompson received $21 million in 2007.

Thompson, 58, joined Wachovia in 1976 and had been at its helm for the past eight years before being ousted in June. He will receive a severance package worth $8.7 million.

He’s succeeded by Robert Steel, who was expected to get a $1 million salary with an opportunity for a $12 million bonus.

It’s unclear what Steel will receive now given Citigroup’s decision to buy Wachovia’s banking operations this week in a deal brokered by federal regulators.


Kerry Killinger, Washington Mutual

Washington Mutual’s longtime CEO Kerry Killinger was let go early last month as the company's share price fell in what turned out to be a death spiral.

Killinger received compensation valued at $14.4 million in 2007.

Killinger was replaced by Alan Fishman, but now that JPMorgan Chase has stepped in to buy WaMu’s banking assets, there is a chance Fishman could walk away with more than $19 million in salary and severance after only a few weeks at the helm.

To be fair, Fishman wasn't the one that took WaMu down a path lined with toxic mortgages and other bad assets. No, that role belonged to former CEO Kerry Killinger, who received $54 million over five years before leaving earlier this month. He's eligible for around $20 million in severance pay.

Martin Sullivan, AIG

A few months before the government announced it would be taking over American International Group in mid-September, the insurer’s chief executive, Martin Sullivan, was ousted. His parting gift was a severance package worth nearly $50 million.

In 2007, Sullivan received compensation of about $14 million.

Sullivan left the firm after AIG wrote down $20 billion in losses because of the company’s exposure to subprime mortgages.

In a rare twist, Sullivan’s temporary successor Robert Willumstad took a pass on the $22 million he was promised in his contract.

Could you Imagine your Grandchildrens paid their share for $ 700 billions?

My Son ask me why 700 billions? there is a lot of money. he said. I said yes,There is a lot money. Could you Imagine that Money on your shoulders? He said no way is too heavy.
Well, We as Taxpayers, our Kids, Grandchildrens are going to paid for this mess. So we must take action against those predators who make profit against the will of the taxpayers, consumers (Legal and Undocumented), Citizens and Non Citizens.
The goverment can help and bail out corrupted corporations but not hard workers citizens and non Citizens who's loosing their houses, their Family dreams, their hopes and the hard work earning value.
As a Goverment are we follow the Constitution: We the People or We the Corporate America? Who's to be blame and accountable for this mess?

Another Secret War Underway.!!!!!!!!!!!

I don't agree with anything we've done in response to 9/11. I have cried for all the deal Iraqis that have been killed because of Bush's bloody oil war.Yet, we still can't tell the difference between corrupt American corporate interests and good, ethical, real America people. Ashamed. I am wonder why John McCain said that we will fight for in War for another 100 years.