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Originally Posted by SCUDSBROTHER
Let me ask you people something. This money they want our taxpayers to inject into the financial system? I don't get why we have to do that. This money didn't go into a fireplace. People have this money already. It just not in the hands of people that sell loans. It's in the hands of speculators that sold their homes to people that got bad loans. They need to basically sell these homes back to these same speculators at low prices. They will then have money to loan again, but the financial companies will have to take a loss. You know what that is? Tough s-h-i-t. Don't be such greedy fkrs next time. I say no to the bail out, and yes to selling these homes right now to the highest bidders(people who have the loan companies money right now.) That is capitalism. The way I see this is the loan companies fkd up, and are refusing to take the responsibility that anybody else has to take for fkn up at capitalism. Bailing these people out is bullshit. They can get money in the next 30 days if forced to sell these homes for bargain prices to those people that kicked their a-s-s in the 1st place. People that sold high have this money. Don't come to us for it. Get it back from the sellers you gave the money to. FK OFF.
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It isn't that simple. without the bailout there would be HUUUUGE problems including a possible depression and it would affect the consumers/individuals, etc. in many ways. The government actually has a good chance to get paid back on a lot of the $ that they are using for the bailout. If the banking system,insurance,financial companies fail you would have a worldwide crisis and you would have problems in every aspect of business thus everyone would feel it. Unemployment at historic levels, etc. I don't like government stepping in and taking care of businesses issues any more than the next guy, but the ramifications of not doing something at this point would be devastating. If you would like a good chuckle on the mortgage crisis pm your email and I can send you a nice power point on the mortgage crisis.