Monday, October 6, 2008

Congratulations

Congratulations Corporate America,

You've received the bailout you've been waiting for, and I'm sure it will allow you to continue in the lifestyle you've become accustomed to. Many homeowners will still lose their homes, due to the toxic mortgage products you sold them, but hey, nobody's perfect. Best of all, you don't even have to pay the money back, the U.S. tax payers will gladly pick up the bill for you. Why? Because we understand that you can't be held accountable for your actions.

Why so sarcastic, you ask? It's because once again the American people are burdened with paying off either the Government's or Corporate America's mess.

What would I have proposed?

I would have proposed low interest rate loans to the banks, which they'd have to pay back over let's say 30 years. This way, the banks learn a lesson, and would be far less likely to have something like this happen again. As it stands, what will they take from what just happened? Honestly, the government just indicated that they can go out and do whatever they want, and if they get in trouble, "we're here for you."

No comments: