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New site? Maybe some day.
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: post by jacksonmang at 2008-10-08 17:53:31
ouchdrummer said[orig][quote]
jacksonmang said[orig][quote]
ouchdrummer said[orig][quote]
The madness is that they want to supposedely lend this money back to us with interest.... the money that our taxes are going to pay for

does anyone know if this is in writing yet?


you mean the whole "bailout" proposal? I am sure you can get it. The "lending to us with interest" thing will not be. Be here's how it works. The MAIN reason it's so important to help these companies, is because these are the companies that give small business loans to other companies. Loans that pay payroll, loans that cover rent, supplies, pretty much all the overhead small businesses face. So without the bailout, companies all over the place will just not be able to pay employees, won't have rent, won't be able to buy the supplies they need to run their business. Not because they aren't doing well, but because in todays day and age when businesses start they take for granted that if they do well, and they can prove they are doing well, they WILL be able to get small short term loans to handle all these expenses. Now that the companies that handle all those small loans were SOO irresponsible, our tax money is going to help them, otherwise businesses all accross america would fail. And these big companies that we are helping....

WILL MAKE PROFIT ON ALL THESE LOANS.

as if it's all a great big deal that they negotiated with an overseas client. All the familys of these big companies HAVE to be rejoicing about the big "deal" they signed. Bullshit.

understood, but it should be guaranteed do to the simple fact that #1 the american public are not the ones who sent us into this downward spiral, it was your typically irresponsible CEOs who thought the housing market was a bottomless pit where they could give anybody loans(that didn't deserve it) collect whatever $$ those families could afford only to turn around and foreclose/repossess the properties and try to resell...and @ long last #2, giving any profits back to the tax payers could only stimulate this stagnant economy.
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