http://news.yahoo.com/s/ap/20080918/ap_on_bi_ge/fed_credit_crisis
Does anyone else think slightly that the government knew the outcome of continuing to let banks make shotty loans for so long? Maybe that it was a ploy to get their hands around a little more control………. communism anyone?
Its amazing were lending…. did I say lending; I meant GIVING all this money to bail out these banks and giving them protection from bankruptcy consequences, but then if you the “ordinary citizen” need to file bank or foreclosure you still of course don’t get the same bail outs, is the government allowing my friend who has to foreclose some kind of protection….. NOPE. If big banks get bail outs then so should the public. Were being forced to see our tax dollars get funneled into the so called free capitalist society that the government is not supposed to tamper with. I’m not saying “don’t do it at all”, I mean we need corporations for many pieces of our economy, but if you give the big guys perks then the little guys need them to. Seriously all these banks are getting help but in the end it is only going to help them because it is so hard to get a loan or mortgage now regular people will never see the chance for that money.
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