Should Wall Street and banks have been bailed out?

Should the government bail out these big corporations?
Or should they have to account for their failure on their own?

 

I said: Yes but very minimal

Becuase they should pay for what faliures they are... but if they pay... that means we'll have to pay too!

 

I would have been a bit more agreeable to the bailout if they added some more conditions to it.

They basically were saying that it was going to be like this: "You screwed up, here's a bunch of money to help you recover."

Yeah, that's how life works for everyone.

If you declare a civil bankruptcy, you are forced to have a budget list, every penny you spend is recorded on a sheet of paper for the next court meeting. Ifeee they said: "You screwed up, this money is specifically going to people in the crisis, your bank in the crisis, or a company that needs a loan to keep it's company going, and we want every penny, nickel and dime written down and receipted, or we'll do an investigation if we even think you did otherwise and shut down your bank until it's over."

That's what should've happened, cruel and unfair, but they shoved us into this hole, they spent all this money on things they wanted to spend it on, cars, clothes, trips to Bermuda.

Dividends, which some of the bailout money they did get is going right back to their investors and not towards the people who need it. Not all, but at least a few banks.

Moral lesson here: If you want frigging support for a bill, stop scaring the daylights out of the country and put some backbone and teeth into it instead.

 

Its just business.We aren't doing this out of the goodness of our hearts,we did it to stop a stock market collapse.They won't get this again and they know that because we hardly did it this time.They better really be on best behavior like extentions on loans and such or what happened with the bail out won't happen again.

 

They're already doing the same thing, Daxma. It was on the news. At least some of them.

It wouldn't have done a stock market crash, it would've severely hurt our economy, but it wouldn't be a crash. The government had a ton of options other than this, this was the "quick fix."

The whole thing angers me the fact that people are unwilling to help people who are in poverty but are willing to give nearly three-quarters of a trillion dollars to the banks for messing up without any real punishment or enforcement to make sure it doesn't happen again.

 

Exactly.If you ask me its all the bush administrations fault.America was at a 5 trillion surplus before the bush administration and now they're at a 10 trillion deficit.I think that the banking sector should be unprivitised after this.Putting the banks in the hands of the rich is getting to be a bad idea.

 

In the end the Bail Out had to happen in order to balance things so that the economy did not collapse. It does not mean though that these corporations like Sally Mae and Freddie Mac do not owe people explanations. They are under investigation now to get to the bottom of things and the Bail Out was needed to be a temporary solution. To fix the actual problem though, things need investigated and money does need to be watched as to where it goes. Also, some help needs to go to the people who were screwed over, not the big execs who go on vacations. >.>