Quote:
Originally Posted by Nikki_Licks
And blah, blah, blah, hell you are so much in favor for this, why don't you take my cut of the taxes I am suppose to acquire for this bullshit....how about that?
I have made allot of mistakes in my life that have cost me. I have had to pay a hard price for them, and I have learned to pick my ass up off the floor and regroup with out begging for handouts....so fuck these assholes!
I know that myself and everyone else will have to pay for it, this is why I am complaining and I am against bailing out a pile of thieving fucking incompetent assholes.
I am in favor for a bill to be passed....under one condition, every asshole involved in speculative loans approvals or any type speculative investment that sent families down the river to be brought before the court, tried and fucking sent down the river.
You don't think I know tons of money have been lost, well whose fault is it? Answer that? I am losing just like everyone else.
Beings you seem to have all the knowledge and knowhow, please elaborate on how bailing them out will not be a temporary thing and they won't come back whining about more poor investments? How the fuck do you know 100% that 700 billion will fix the problem or are you one of those that will keep throwing good money after bad for the good of the cause that this government speaks of?
Please enlighten us all.
And don?t give us any of your blah, blah, blah bullshit???Lets us all hear how this idea will fix the system completely!
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The thing is this bailout won't fix the system. If something isn't done either through regulation by the government or within the financial industry itself we could very well see this happen again.
Here is the problem. If something isn't done many innocent people could lose their jobs and their 401K retirements and it could cause the economy to really be in deep shit. Many of these people have done nothing wrong. They work, live within their means and pay their bills, but they could lose everything because of what these assholes on wall street have done.
I have to agree with 100% though on the idea of dragging everyone who is responsible for this into court. That might not be realistic, but I think anyone who took out a sub-prime mortgage then defaulted on it should not be allowed another mortgage for at least 10 years and never another sub-prime, if they want one they have to get a fixed rate one. All the CEO's of these companies that are going to walk away with millions should get nothing. Let the sue and explain to the court how their actions warrant them being giving million in taxpayer dollars. Strict regulations need to be put in place to control this part of the industry. I know some argue that the free market works itself out, but clearly not in this case. The free market brought this on us and very well could again if left to its own accord. And this bailout needs to have strict oversight those doing the oversight need to be accountable and report back to the senate and president on a regular basis. As it is right now they are only going to meet once a month and that doesn't cut it.
This bailout isn't perfect, but it is needed. It is easy to say, "fuck 'em, let them fail!" when you don't realize exactly how bad doing that could be and how it could affect you and many millions of other people who did nothing wrong in the first place. Without it we could be in a million tons of deep shit.