GordonJQ, I told you already.
I don't support bailout for businesses or people losing their home. But you have to be realistic, Congress is going to pass something.
The reason is because if they don't and these businesses start to go under, many people are going to be affected. These are the ones you call little
guys. This means many more people will have difficulty paying their bills, which will lead to more foreclosures and possibly more businesses failing.
Like they say sh-- rolls downhill.
If they are able to save these companies it protects these jobs and keeps the economy afloat.
The thing is that with or without this money the rich people will survive.
Now like I said before, if Congress does it they need to write the laws to favor the taxpayers not the businesses. That remains to be seen. They are
still debating and working on the bill.
Mercenary2007, I am awake and have been awake for a long time. Ask yourself how long people have been living off credit and then tell me if you
didn't see this coming? As far as the CEO's they will still get their money because it is all based on a contract they signed. And if you really
want to blame somebody look at Congress. They are the ones that put the pressure on these companies to help low income families obtain a home. Or are
you going to tell me that these Congressmen were unaware of all of these high risk mortgages that these institutions were dishing out? Congress should
have been proactive rather than reactive.
In 2004, as regulators warned that subprime lenders were saddling borrowers with mortgages they could not afford, the U.S. Department of Housing
and Urban Development helped fuel more of that risky lending