Hello Everyone,
I am furious with this totally fake heat of the moment theft by the American government to take money from the average americans and give it to the rich corporations that messed up. I am going to bring up a few common sense things for the average people to look at.
1. Investing has risk, duh! since when do the rich get to invest and then if it doesn't work out they can take money from everyone else to back up thier bad choices. yes 700 billion from average americans who for the most part are not going to lose everything from the market going up or down. But the very rich don't want to lose a bunch of money so they will dupe people into a hurry up and pass this huge bill because we said so and dropped the depression word to scare you into passing it before you know what is going on.
2. The people losing their homes 300,000 are not going to see one penny or keep thier homes. This is what the real people care about. Why not bring current the 300,000 homes in foreclosure and help the actual Americans not corporations and the banks would also get that money, but no, they want your home and the free money. Americans should be outraged at this massive robbery of the American taxpayers.
3. Aftert hey rip off the people for 700 billion dollars things will be the same as they are right now and the day before yesterday. Will people even know if off a whim the 700 billion was really needed. No they are too lazy and ignorant and I say this with respect but truthfulness to know, that is why they are hurrying everything up. They are pulling a fast one on Americans and people need to stop it.
This bailout gives rich investors and corporation a big reward to make dumb choices rip people off then get a big reward at the end. maybe other companies should get rich off risky high paying loans then claim BK and get a bailout. America is not the same as 1929 and the market is way more diversified than just stocks, don't let the rich and corrupt pull one over on you with a fast steal fromt he poor give to the rich!
Ross, I am still at odds on this bailout. The bailout should require homeowners be refinanced along with small businesses and other!!