Saturday, October 18, 2008

Government Bailout

All the talk about bailing out Wall Street and other large firms truly makes me sick. The people who run these companies will just mismanaged their funds again through high risk investments. The real people who need to be bailed out are the home owners who cannot afford their mortgages anymore. The government should be taking over their loans and giving them fixed-rate, affordable loans so the home owners will not lose their homes, the banks will be saved because they are not losing money, and the government will not lose money in the end because the home owners will still be paying off their loans.

This makes perfect sense yet most people do not see this.

No comments: