Who should the bail out money go to/ The banks that charge high intrest..or the taxpayers so they can pay off mortgages and high intrest credit cards...plus send kids to college?
by 
angelsdragoon
ANSWERS: 6
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It should go back to the taxpayers.
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the banks. if the tax-payers are responsible with their money they don't need to be bailed out - as well, they wouldn't have put the economy in this situation by living beyond their means. by giving it to them you're only going to make everything worse.
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By not bailing the financial institutions out, it automatically ends up back in the hands of taxpayers. The money should not be used to bail out individual homeowners. I've been resposible. Give me my money back.
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America should not be in this situation to begin with. Lousy credit decisions for unqualified people has led us to this point. Greed is the reason. allowing people to have credit cards with no job, allowing people to buy a $200,000 house and only an income from welfare are not bad decisions, its criminal. knowing all along what the end result would be and here it is, folks. The brink of another recession for America. Giving the money to the banks is not a sound idea. this money would only keep the banks in business and money would eventually go into the pockets of ceo's. Not directly to taxpayers, but indirectly to their outstanding accounts. money to be controlled by a trusted institution, where federal watchdogs would be plentiful. We are talking about a lot of money. a lot of money.
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I think the taxpayers are the more sensible group vs the banks! Why would you ever consider offering 700 billion to a group that has already proven they know how to lose more money than anyone else in the world?
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The problem right now is a crisis of confidence that is messing up the credit system. Without credit, businesses can't pay their bills, so they lay off workers, and their suppliers lay of workers, so the workers can't buy things, so businesses fail, so more people are out of work, so people can't pay taxes....and on it goes. The money has to get the bad debt off the bank's books or credit will just dry up. Sorry folks. Those greedy idiot bankers got us into this but if we don't bail them out, we are the ones that will suffer. Read this. http://marshandassoc.blogspot.com/
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