Posted by
rikd57 on Thursday, October 02, 2008 3:30:13 AM
America is being SOLD OUT, not BAILED OUT!!
The old adage "when you need credit the most is when it's hardest to get" is often true because the potential borrower is considered a greater risk. What this so called bailout does is give credit to corporations who have proven to engage in risky, if not fraudulent, business and financial practices. Board members of WAMU who gave $20 million to a departing CEO should not be bailed out -- they should be jailed -- and that without bail!
Those same bankers tell financially strapped Americans "Sorry, but you'll have to find another way..." should be told that now.
Is it just me, or does anyone else hear BLACKMAIL in the threats issued by our Government officials when they say, "If you don't bail us out, then we won't give you loans to buy cars or houses,,"?
Further, the addition of all of the pork to this already questionable bill at a time when we can least afford it is insanity! Unfortunately, most of these thieves will be re-eleted!!