| Untagged | 29 Sep 2008 12:00 AM | |
| $700 billion dollar bailout talks persist, but whos to blame for the mess? by Eddie Cue | ||
Congress scurries to vote for a plan that has been put together to help out America from crumbling in there the own financial ruin, but who is to blame, and who should be helped?
The outline of the $700 billion , looks to be structured in the benefit of the financial institutions which which consist of banking and and Wall Street investment firms. Many people are left outraged that there doesn't seem to be any help extended to the homeowners across America that are currently loosing there homes.
The question that these homeowners ask is how can this money only be extended to the financial markets that got us in this mess in the first place. It's easy to toss the blame at this point of the game, but it's not just the lenders of the sub prime loans that should be blamed it's also the borrowers that knew they couldn't afford the homes they where purchasing in the first place, and then there were those that would splurge away there built up home equity things such as a new car, or extended family vacations.
Maybe this so called bailout shouldn't be approved, and maybe we should let the system crumble. Why are we supporting and trying to fix a system that just doesn't work in the first place? America is being built on debt on top of debt. The average American is in debt to it's Nation, and America is in debt to the world. This debt that the U.S. has accumulated seems to be a never ending debt that has recently gotten out of control under the Bush administration, so I say at this point in time if this house of cards that we have built can't keep it's self up than let it fall, and lets rebuild on a stronger foundation.














