Greed +No Regulation of Financial Services= Private Profits+Socialized Losses
We all need to hold our politicians to task in protecting our interest as American taxpayers. Our future and our children’s futures are at stake. We all need to ask questions and gain a understanding of what is being proposed in this $700 billion dollar bailout. Let’s not allow fear and panic to cause us to take an action to something with ramifications that will cripple us. As American taxpayers it is true that we should not be in the business of subsidizing big business losses or risks. In good times their wealth and profits are private. Therefore, this sector really need to be held accountable for their own losses based on greed due to very little regulation. However, the reality is that we need to learn from this and we will probably be lending a hand. Let’s be smart about how we proceed. Let us have future oversight and regulations, this plan should include some assistance for the taxpayer affected by this crisis of home foreclosures, some sort of payback option or return on this handout need to be considered. People let your voices be heard, don’t let them get away with this. They really do think we are stupid and like a thief in the night they will rush this thing through before we fully under stand all the ramifications. Let’s send a message loud and clear that our interest will be protected. We will not simply shove over $700 billion and not expect a return .
