Saturday, August 13, 2011

WHY are we bailing out the banks who got us into this? Who helps us when we need it? Thoughts below...?

It is a nice idea but will never happen. AIG was a bridge loan because they are cash poor and needed time to sell some ets. However, instead of being respectful that the US government (ie taxpayer) helped them out, the top executives went to a spa and spent $400,000. These people need to be brought up on fraud charges, not only at AIG but other executives who got the country to this point. This isn't a matter of making a mistake. It is a matter of ignoring the facts and taking all the money they could grab. Truthfully, some companies need to be helped out because if they do fail the effects would be devastating...the loss of tens of thousands of jobs

No comments:

Post a Comment