Who Did The Bail Out Money Help?
Who the hell really benefited from this 700 Billion Dollar or 350 Billion that has been given out? I find it absolutely amazing that barely a portion of it can be accounted for and the purpose for what it was to serve, it did not. Does anybody remember what the money was supposed to do?
The Bail-Out Money was supposed to help the Freddie Mack, Fanny Bay, Public Banks, and Mortgage companies, but how come these same companies are continuing on with their foreclosures? Sure they put a hold on them for the holiday season, but it's back to the chopping block for many Americans feeling the pinch of the recession.
Listen, I am right there like most of you reading this, got a family, a house, a car, credit cards, loans etc... I also am self-employed and business is slow. I'm still very thankful because I know a lot of people who went out of business or lost their job completely. Florida's Un-Employment claims were up from over 600,000 in 2007 to over 5,000,000 claim in 2008! That is an astronomic amount of unemployment claims and serious decline in growth or job lay-offs!
I feel that the Bail out money some how made it in the hands of the greedy oil executives. Common now, how did gas drop from almost $5 per gallon down to below $2 per gallon? Also there's been news of corporate executives from AIG (who got 80 Billion) taking elaborate $400,000 weekend retreats after news of the Bailout funding. This kind of behavior is ridiculous and these people have to be accounted for. The problem is that we had no system or real plan in place for the money.
This money has got to be spread out to the common man in America to make a difference. The small businesses and independent contractors who work hard to make America what it it, deserve some relief. The $300 or $600 was given to taxpayers last year as not enough. We need people to get at least $2,000 per household and the money needs to be spent, at least 50% of it (although we are Americans and we'll probably spend it all).
Common Uncle Sam, Big Brother, US Government...Here us the little people and the tax payers that keep your entity alive...give us a break so that we can continue to be of value to you the government! What did this have to do with home foreclosures? A little, as I mentioned some of that money should have been used to the people being foreclosed on to buy them a few months, or give them another option that still allows them to stay in the home. Any thoughts from our intelligent public?
Scott
http://www.homeforeclosurelist.net
The Bail-Out Money was supposed to help the Freddie Mack, Fanny Bay, Public Banks, and Mortgage companies, but how come these same companies are continuing on with their foreclosures? Sure they put a hold on them for the holiday season, but it's back to the chopping block for many Americans feeling the pinch of the recession.
Listen, I am right there like most of you reading this, got a family, a house, a car, credit cards, loans etc... I also am self-employed and business is slow. I'm still very thankful because I know a lot of people who went out of business or lost their job completely. Florida's Un-Employment claims were up from over 600,000 in 2007 to over 5,000,000 claim in 2008! That is an astronomic amount of unemployment claims and serious decline in growth or job lay-offs!
I feel that the Bail out money some how made it in the hands of the greedy oil executives. Common now, how did gas drop from almost $5 per gallon down to below $2 per gallon? Also there's been news of corporate executives from AIG (who got 80 Billion) taking elaborate $400,000 weekend retreats after news of the Bailout funding. This kind of behavior is ridiculous and these people have to be accounted for. The problem is that we had no system or real plan in place for the money.
This money has got to be spread out to the common man in America to make a difference. The small businesses and independent contractors who work hard to make America what it it, deserve some relief. The $300 or $600 was given to taxpayers last year as not enough. We need people to get at least $2,000 per household and the money needs to be spent, at least 50% of it (although we are Americans and we'll probably spend it all).
Common Uncle Sam, Big Brother, US Government...Here us the little people and the tax payers that keep your entity alive...give us a break so that we can continue to be of value to you the government! What did this have to do with home foreclosures? A little, as I mentioned some of that money should have been used to the people being foreclosed on to buy them a few months, or give them another option that still allows them to stay in the home. Any thoughts from our intelligent public?
Scott
http://www.homeforeclosurelist.net
posted by Irrigationman at
10:53 PM
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