spirithiker says: Now states are asking to be bailed out. Is there no end to this? Taxpayers are overwhelmed enough without having to bailout everyone affected by how one industry screwed us all in the name of profit. We need to prosecute everyone involved with throwing caution to the wind to allow loans without collateral, everyone who looked the other way while these institutions raped us and foremost we need to stop the government from raiding that great ATM called the American taxpayer to reward everyone involved. We are in a recession because our government relaxed regulations and did nothing while the banking industry irresponsibly created this economic nightmare. And where in the long line of handouts are we? At the very end, if we are allowed to join the line at all. I believe the Congress, many years ago, mandated that banks had to relax their loan guidelines to encourage homeownership. Perhaps it's guilt that seems to be making Congress so free with throwing our money at them. Only the American people can stop this runaway express of "bailouts". It's not only stupid, a bottomless pit, but contributes to the problem. But since many Americans will benefit from this process for short-term provisions...nothing will be done. |
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