Tuesday, October 14, 2008

Bailout or Greed

I don't know about you, but I am seeing more and more people who feel that this bailout was the wrong thing to do. Just look at the bailout, banks, investment companies, insurance companies, and everybody else are all looking for a hand out because they screwed up and gave unqualified people loans, and then invested in them. The people at the top of these companies all walked away with huge amounts of the their troubled companies money. I know in my job if I fouled up one millionth of the amount these executives did I would be fired and most likely prosecuted for fraud and embezzelment. Why then do we not hear cries of outrage and demand of congressional investigations into the actions of these people. No congress has them in to testify on how to correct the problem. Why are we listening to these fools, they are the ones who caused it in the first place.

Our elected officials failed us back in the late 80's and early 90's when they started to relax the regulations on home lending and then caving in to special interest groups for not only political reasons but for one of the oldest reasons greed. Many of our congressmen and senators received below market loans, and or huge donations from these people. (Con. Barney Frank D. MA, Sen. Christopher Dodd D Ct.) We elect these people to do the will of the people not to get fat at our expense.

It seems to me that over the past quarter century more and more of our leaders (Political & Business) are out for one thing and then the other, more and more money which leads to more and more power. What are we to do? Simple! Vote a change get these people out of office and elect people who will not forget that they are there for us not themselves.

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