Tuesday, September 23, 2008
"Nice Bailout; now pay for it."
I think, that these banks got themselves in trouble by making poor investment, which makes it there job to bail themselves out. I dont believe that we as tax payers should have to bail them all out. But however the alternative isnt so wonderful either. I think that we should help some of the major banks but not every single last one that went into trouble. Therefore it isnt so much money and yet the economy wont go so far down. But i dont think it should be the sole responsiblity of tax payers. I think the government should lower there spending costs and also have the hedgers pay tax on there incomes. So that we can only help those particular banks and get us out of our major debt from this and the war. How coudl we even think about going into further debt when we are already borrowing money from china to help pay for the war. Therefore i am in the middle with this one because no matter what way you go its a lose-lose situation.
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