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Originally posted by Interestinggg
Why are people not asking WHY we need it?
Why are people not asking who was responsible, and who was overseeing the credit markets, and WHY they have gone kaput and why they aren't being held responsible?
Why aren't all the CEO's and executives assets and finances being immediately seized to pay for the problems there fraud created?
Why aren't the leaders and supervisors who were supposed to be over seeing it all being arrested, and put in prison, and having there finances and assets confiscated to pay for the problems they created?
Why don't people spend some time asking why every tax payer needs to pay 7k for someone elses mistakes, and the someone else gets to keep there millions they made from creating the problem.
What is it people don't understand, that the trillion dollar hole wasn't an accident, that the money is now in offshore accounts of the people who committed the fraud.
Take the money back, from those who stole it.
Originally posted by deltaboy
reply to post by mybigunit
I say its pretty much everyones problem. For example a neighbor of mine owned a home that cost around 300k and few months later took his family and ran, which led the bank to have a house in its hand when they prefer to have loans paid back instead. Many Americans are doing this. They are buying more than they can afford, and when its time to pay the bills they just take off running with lenders having IOUs in their hands for their effort. Now other Americans may not be able to get a loan for a car or for tuition because lenders cannot trust anybody now.
Originally posted by mecheng
reply to post by Solarskye
Taking 300 million citizens...
$95,000,000,000 / 300,000,000 = $323 per person.
All they need is 95 billion dollars which would be given to every working, tax paying citizen. Around 500,000 a piece for every couple or each individual
Originally posted by grimreaper797
reply to post by jam321
Start naming off every american citizen that took out a loan they had no means to pay back. They are, after all, the ones who willingly went into the contracts.
People, as well as the business owners, should pay for their mistakes. The CEO's didn't force these people to sign or even ask for a loan to buy a house. These people came in, and signed up for something they couldn't pay for. They are just as much, if not more, responsible for the current situation.
We need to push for more oversight and more checks and balances and more transparancy and simplify the legal system.
Originally posted by nfotech
Why don't you read up on some of the alternative plans
Paulson said there was greater urgency to create a new system to dispose of the assets of a failing financial firm in a way that would not cause broad economic distress. He acknowledged that too will take time.
Paulsen to buy up the fraud filled securities and make them go away without anyone paying for their crimes.