“OK the banks needed a bail out to stay in business because so many people could not afford their loan payments. I get it so far. What did the banks do with this money because they still expect to take the homes of people who can't afford them. Why can't they change the terms of these loans and keep people in them. Where did all of that bail out money go? Help me here because this sounds stupid to me. Give people loans on what the house is really worth and everyone comes out ahead. Why can't our government protect it's citizens when they make sure to protect our crapy bankers?”
I know that banks give money to buy influence over our politicians but the TARP (given by Bush and Congress) is a lot of money for nothing in return. Why didn't the Government take over these homes in exchange for the bail out money and put people back in their homes at fair payment rates. At least the tax payers would have a chance to get some or our money back. To easy right! The Gov. thought it was better to give the Banks our tax money with no guidelines on how to spend it. That's just great!!!! Stupid is as stupid does.
No comments:
Post a Comment