reply to post by Misoir
Nice job FED, let the American people become homeless and give all that money to other banks for free.
Funny to think that when they print new US dollars they don't give the Us government a Zero percent interest deal. how can anyone support this system
of robbing the poor to give bonuses to the rich? I mean, sure, in the short run some well placed people stand to make ungodly sums of money, but in
the long run you can look forward to:
Depression (financial and emotional)
Increase in crime (poor people still need to eat)
Increase in homeless (banks aren't making it any easier to pay your bills)
Loss of gross national income (can't pay much taxes when you are bankrupt)
and quite possibly the scariest prospect of all:
The downfall of the United States of America as a super power and important player internationally. The US is being gutted and you can clearly see
where the assets are heading.
It almost makes my head implode. financial crisis, people losing their jobs and homes, and the government pays out to the people who caused the
problem in the first place, which solves NOTHING, banks still failed, people are still homeless, the economy is still in the crapper.
But, if those bailouts went to the people who needed them, the home owners, well, someone else beat me to the punch, a golden age.
It reminds me of reading about the money spent of WW2 and how that could have provided a home, no mortgage required, for every American, could have
built new schools, could have provided free college education, could have provided free dental care.
But at least that money was spent on something that needed to be done, saving the world from Nazism and creating a bulkhead against Communism.
This money was spent to line the pockets of the very people who create the problem, and when I say created, I mean to say this is EXACTLY what they
intended to do. The big players that caused this mess are still standing, got government bailouts, and were able to buy up their competition for
pennies on the dollar.
edit on 18-10-2011 by phishyblankwaters because: (no reason given)