congress: Government Bailout?
- 10/01/08 01:50 AM
With the $700 billion proposed bail out for Wall Street, I am amazed at the arrogance of some of the top officials in congress who think that this is suppose to help the average American. It is like letting the fox in the hen house, again. The banks who made these loans and the investors who bought these portfolios are the ones who need to be raising the capital to stay afloat. If I get overloaded in debt, I don't see any government program to help me out. No, I have to get a second job and pay my debt down … (4 comments)
congress: Workouts instead of foreclosures
- 09/12/08 08:58 AM
There is currently a move in Congress to put a moratorium on all bank foreclosures. This is on heels of the recent government bailout of Freddie Mac and Fannie Mae. It seems to me that if the government can bail out these big companies that maybe, just maybe they could help the ordinary homeowner who has fallen on hard times. However, there are many people who feel we shouldn't do this as their argument is "we are paying our mortgage and monthly bills on time, why should we help those who aren't paying their mortgage on time. I have mixed emotions … (1 comments)
With the $700 billion proposed bail out for Wall Street, I am amazed at the arrogance of some of the top officials in congress who think that this is suppose to help the average American. It is like letting the fox in the hen house, again. The banks who made these loans and the investors who bought these portfolios are the ones who need to be raising the capital to stay afloat. If I get overloaded in debt, I don't see any government program to help me out. No, I have to get a second job and pay my debt down … (4 comments)
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