As a small businessman I think the Government's bail out of Fannie and Freddie, the loan to AIG, guarantee of Bears Stearns assets is discrimination. I have made business decisions that did not pan out. No one helped me. I have to live with my mistakes but not the big guys. I am concerned with the precedent this is setting. I do remember the government's loan to Chrysler years ago. That did keep many people employed until their recent problems. My decisions only had 5 or 6 zeroes and a maximum of 20 employees. These big guy's decisions have more zeroes than I have fingers and they are speaking about hundreds of thousands of employees. As an American and a team player I understand the necessity of the help. Well not really. It is too complicated for me to comprehend so I have taken the government's word on the consequence if they did not help. With that said I strongly support what they have done. As a Realtor I support it even more. Now my clients could borrow money at lower interest rates. As a tax paying citizen I will be paying a long time for this; but because of the government's help I will be able to earn commissions selling homes and can afford to pay for this in the long run.
I truly have no say in this so I just hope the big guys remember who helped them in time of need.
www.leesellsmore.com