Since we’re already at the place where the bail out has taken place, I want those who got us into this mess indicted. That would include politicians, bureaucrats, the heads of Fannie Mae, Freddie Mac, AIG, etc.

Plus, I don’t want anyone to benefit from the bail out over and beyond their salary and reasonable bonus. I get disgusted when I hear that businesses, like AIG, pay for an expensive junket to give their executives a vacation — that’s our money they are spending!

Think of reform like a broken leg that was set wrong. A doctor rebreaks it so it will heal properly. That’s what we need, not a bailout that will cause cancer amongst the masses in the long run. I don’t want my legacy to be that I left my children and grandchildren in debt.

There are people who have lost their homes because they should never have purchased a home in the first place. They were renters without the means (20 percent down payment, closing costs, etc.) to buy a home and were convinced otherwise.

There is a segment of the housing market which can probably be helped, but only if these people have the means to keep paying a mortgage, property taxes, home upkeep, etc.

What I would like to see done is have the companies (and executives) who were behind the current financial crisis held responsible. As a taxpayer, I’m am being forced to intervene and prop up what was obviously a very flawed system of financing unqualified people and then propping up mortgage backed securities.

Just wait, the $700 billion figure will mushroom, saddling us with trillions of dollars of additional debt.

Either way, we’re going into a deep recession, government bail outs or not.

Deregulation lead to such greed because people relied on other peoples money to make their money.

Recessions are bound to happen and we need to stop trying to prevent them, we live in a capitalistic system where recessions are just part of the ebb and flow of the system.

However, you can’t go around blaming the homeowners nor can we sit back and let people’s entire life savings and investments go down the drain. Wanting that to happen over a recession is not right! And downright cruel, sickening, and disturbing.

All 5 banks that went down hold half of all investments. Just because you want to hold on to your (not working!!) free market principles, we want to spite 150 million people? Come on.

A lot of people are mad but there are politicians on both sides of the aisle who want this thing to go through. Sure, they’re calling for oversight, but some are also trying to attach additional measures to help keep these people in their homes.

I’m sorry, but I pay my bills on time and work my butt off. If you can’t afford to own a home, then exit the market. These people are better off renting as they’ll have to dish out thousands down the road to maintain their homes.

I see this pork mushrooming well past one trillion dollars in the near future, perhaps a multi-trillion dollar bail out or new government program when all is said and done.

Welcome to socialism, comrade!

Best,
Matt