Sep 25 2008
Should The Government Bail Out the Mortgage Companies?
Should we bail out the Mortgage Companies? How would that affect Americans?
$700 Billion is a lot of money. Imagine what the Americans could do with this.
The Mortgage Companies (AIG, Fannie Mae, Lehman, Freddie Mac) have seemed to get themselves in a Financial Bind.
Now the Government wants to use the Tax-Payers money to Bail them out. This is money that the Americans have already paid in to Uncle Sam.
However, once the Government has to let go of this large amount of money, putting themselves in a financial bind, who do you think is going to bail the Government out? The Americans, our taxes will rise.
They (The Mortgage Companies) have made their beds, they should be forced to lay in them. We did not put them in debt, it is not our responsibility to get them out. Let the over-paid executives in the companies put back some of the millions they have earned in the past 2 years to get it out of it’s financial bind.
The four companies are supposedly under investigation by the FBI. http://newsdaily.com/stories/tre48n03x-us-financial-bailout-fbi-news/
Many older individuals are having flash backs to the 1930’s Depression. Millions of Americans are in shock and disbelief at what could happen.
If we bail these companies out, what impression is that giving to the other large companies in America? That it is ok for them to overpay themselves and go in debt because the Government will be there to back them up?
An online Petition http://www.petitiononline.com/bailout/petition.html has over 12,400 for “Tax Payers Against A Wall Street and Mortgage Bailout”
2 Responses to “Should The Government Bail Out the Mortgage Companies?”
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no we should not bail them out!
NO we should not bail them out, and a good article M Stokes