Wow, seems like a lot has happened recently! First, I'd like to say that I think this bailout is bullshit! I don't see why, we, the taxpayers and normal people in our country need to bail out these corporations that dug themselves into a bad spot. My thoughts are, it would be better to let them fail and bail out the people instead. I mean, for real, the WaMu CEO gets 18 mil for 3 weeks work, can someone explain this to me? There are things I am reading that is is a planned collapse of our economy, for the sake of establishing a couple things: namely the "AMERO" as a new unit of currency twixt Canada, Mexico, and US, as well as a plan to have the next cabinet fail in office. To me this is all scary stuff. I personally know a few people that have lost everything they had in 401 recently and it really makes me want to take everything I have out (even though my company isn't in jeopordy of bankrupcy). I just don't trust anyone right now. Give me your thoughts on all of this... Why should we bail out these huge corporations? I mean, if I went into debt, they would slap me so hard it wouldn't be funny, but a giant corporation goes under and the government offers to bail them out? I don't get it...
Labels: 2008, bailout, financial crisis, the end?