This bailout is not a good thing. This is pushing me more and more to the left. Where is the money coming from? If it's inflated taxes, then why are the citizens of the US bailing out these corporate execs who were handing out interest only loans like they are candy. If it's being funded by printing more money, great, inflation is going to push gas prices into the $5 or $6 range. If we are going to borrow, when could the US ever pay this back? We are already running on a huge deficit. The country is not a socialist country and if we are picking and choosing who gets a financial second chance, then can I get a second chance to pay off that credit card I had in college and the subsequent statement I ignored before they write a billion dollar check to Fannie Mae, she's a bitch anyhow. Let the chips fall where they may. Make a special division of the govt. to assist in the dismantling of these large corps (sell existing mortgages to willing bidders) and let the insurance companies take the hits they have coming for insuring these doomed mortgages and leave us, the 30 year notes, alone. We have a bankruptcy system for a reason. Maybe the US should assume all mortgages from these defunct companies, then if someone gets forclosed on, the US owns the house. With this plan, we pay and reep no benefits. AND/OR Prosecute the CEOs and CFOs of these companies for playing monopoly with America's financial system. They had to have received memo's regarding this risky behavior and were blinded by their $50 million plus salaries. The CEO of Merrill Lynch made $83 million in salaries and bonus last year. Good job dude. Bank of America is bailing you out. |