ANSWERS: 3
  • The bailout money should have gone directly to the people in need.None of it should have gone to the banking industry.As we have seen and expected it did nothing but line the pocket in Wall Street,and the pockets of some politicians.The people that lost their houses should be some that are compensated and their homes returned to them.
  • to all Americans who own their home free and clear. Without mortgages(mort(morto- means death)
  • Okay people, before you go on with this, take a minute to understand the economics of what is going on. It effects you too. The bailout was designed to put some confidence back into the credit system. Yes, it's not the whole answer but when a building is on fire, you put the fire out before you start fireproofing the building. This isn't meant to reinforce bad business decisions so I disagree with the questions premise. The bailout package does have a couple of other things that are interesting. Any company taking advantage of the funds must issue share warrants so if their stock goes up, the government will make a profit. Also, the FDIC deposit guarantee is increased to $250,000 from $100,000 until December of 2009. It's not the whole answer but under the circumstances, it had to happen. Read this: http://marshandassoc.blogspot.com/

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