The Financial Bailout
I called my Senators and Representative and told then I was adamantly opposed to this $700 billion dollar package. This is the largest appropriation bill in the history of the world and there are no scheduled hearings, no expert testimony (and over 100 prominent economists say the bailout is not needed) and no clarity of what it really involves. We have no assurances that Congress understands the problem and no way to know that this financial bailout will work. Congress is acting like this is a term paper being written the night before it is due. This is twenty times bigger than the Enron scandal, where people went to jail. I want to know why the rush to judgment? Let the financial sharks eat other financial sharks and use their own money. Then lock up any CEOs and anyone else that may have conspired to give out mortgages to folks with no income, no job and no assets. My grandchildren may have to pay for this Wall Street socialism. At least fifty percent of the taxpayers surveyed are opposed to the bailout and that number may grow. All the best...
Gil
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