What Are Your Thoughts On This Financial Bailout?

If you didn't have a mortgage that caused you go bankrupt or near bankrupt, you will pay the penalty just as if you did have a bad mortgage.  The homeowner is being made whole and the company that issued the mortgage will not lose money, so where else can the money come from but us?  But no details will become available at least til after election day.  I know the legal terminology is available but the real life examples are the ones that will knock your socks off.  All 400+ members of the House of Representatives are up for election.  The timing of this boondoggle is to make it appear that things are under control to soothe our fears through the election.  After the election the horror stories of who our savings are being transferred to, will come to light but it will be too late.  We spent $ 150 billion for the incentive earlier this year.  It might as well have been poured down the drain.  Imagine the power of those who have $ 700 billion to dole out and how much influence they can peddle.  Has anyone checked Mt.  Rushmore recently?  I'll bet the tears are flowing out of the rock.  We are allowing incompetents to run this country and we will pay for it in dollars and freedom.

I think it is a huge mistake to bail them out! They let themselves get to this point, and they let the oil prices go up like they have, we have oil reserves, and I think that if we were using them, the oil prices would have stayed down quite a bit, and the market wouldn't have done this to itself! The government did this to us, and we are going to have to pay for it all over again, paying two times for one service, seems a might unfair doesn't it?

If i owned a business and was in financial distress do you think the government would bail me out? No!! The creditors would foreclosure and shut me down. Why bail out the jerks who created this mess by lending people with good credit money at high interest rates and use the excuse that you don't have a long enough credit history therefore we have to charge you 24%. This highway robbery has made them rich and now that people can't pay back the ridiculous interest they act all surprised when they too are going out of business. I say let them rot in hell. Divide the 700 billion amongst the tax payers and let us pay off our mortgages that these bastards over charged us for.

I guess we will just have to ride it out, see if it works, then figure out who to blame if it does not work, or who to credit if it does work. Either way, we are stuck with it.