Am I the only one that has a problem with those that caused this financial crisis writing the bill to fix it?This is what happens when only 50% of the country votes and less than 10% of those voters are actually well-informed and paying attention.Am I the only one that has a problem with those that caused this financial crisis writing the bill to fix it?Because the people put them in there in 2006.
Heres a little idea i have.
See what you think.
http://answers.yahoo.com/question/index?鈥?/a>Am I the only one that has a problem with those that caused this financial crisis writing the bill to fix it?it wasnt the government that caused the crisis or nto all there fault,
it started out b/c of all the greedy Americans who believe b/c they live in america they should have a big home so they went out and asked for a loan and since bill Clinton pretty much dumped all the restrictions on loans when he was president the bank loan them some money and made it sound fancy it has adjustable rates but people are really dumb and there like wow only 2% well we can afford that, now heres where the greedy banks come in them knowing that these people have no idea what there doing and are in way over there head give them these huge loans so they can by these big houses, knowing they will not be able to pay for them when the rates go up, so all the houses that could not be afford are foreclosed which means wow the homes are the banks now, and since usually housing are going up they would be able to sell them and make a pretty sick profit but since this was happening all over the country millions and millions of times, the supply became more than the demand sooo as ever one knows prices will fall, so wait now the banks have all these homes and no one to buy them so they sell them for less now losing money on them, now heres where AIG comes in the banks look to them and say we are losing money we will sell you all these loans so they do AIG and others buy and buy all of them up and realize wait no one is paying these we have no more money we are screwed,
welcome to today, almost in another great depression
the government is trying to save us by giving 700 billion dollars to places like AIG which is smart and it will save us from entering another depression
but i hate that they will own all of those huge businesses thats y im not always for it but i dont see any other way
Am I the only one that has a problem with those that caused this financial crisis writing the bill to fix it?
You are not the only one. Keep making noise about it though. It is the only way to make people continue to think about it. They are going to try to vote tomorrow and Bush is making a speech a 7:30 am. There was once a time when we had this great thing called capitalism and companies would rise and fall of their own merit. I urge you all to take a few minutes and think that this bail out is the equivalent to 2000 dollars for every man woman and child in the us. Voice your opinion and remind the elected officials who they work for. Contact the places below and change our history!
No comments:
Post a Comment