I am not an expert in matters relating to finance and investing in the stock market, but i really don't understand why U.S tax payers have to bailout wall street and these huge banks who have brought this present crisis upon themselves.
Wall street and these banks have been greedy, and practically stealing from the American people with their sub prime loans and other bad investments. I feel no pity for them or their big fat executives who get richer and fatter of the American people. I see no reason whatsoever to leave my daughter bankrupt and billions of dollars in debt. let these people swallow their own pills.
Let wallstreet lick its own backside, the American people just cannot afford anymore bailout...
If the experts are right, the nation now risks great financial hardship, because there is no one to stand up and explain the situation. Treasury Secretary Hank Paulson warned Monday afternoon that car loans and student loans were likely to tighten. Other economists have warned of the possibility of widespread corporate failures and unemployment, if the short-term credit markets freeze up. Bank failures, or mergers, are likely to continue. The taxpayer costs of federal insurance on deposits could increase. so either way we are all fucked big time.
I would much rather Congress focus on helping the millions of Americans who now face dire financial hardship, and the countless others who are about to lose their home because of these fools.
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