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Originally posted by disgustedbyhumanity
reply to post by Truther
I don't know why you don't get it. The doomsday scenario only happens without a bailout. No doubt the banks and wall street have done us bad. They have taken our deposits and lost it all and then some. We either act and we get to keep our money or we let it all collapse and then the goverment and FDIC will have to outlay amounts much greater than the 700 billion just to give us our savings back.
A bailout is going to happen either way.
We can do it now and avoid financial Armeggedon or we can wait for Armegeddon and then do it.
My vote is to do it now and avoid much of the future pain.
There is no doubt the system needs drastic change and it is coming. We can pay for it now or pay much more for it later.
American is down the tubes because the populance is morons who take stands based on false truths. That is the real problem with America.