Has it really sunk into anyone's mind that *ahem* the government (God Bless America) will own these mortgages? They're using our tax money to fund this huge loan. If companies default, the govenment assumes these mortgages and therefore all those properties become government land? Will the government make those properties available at reasonable prices with reasonable mortgage rates that won't jump and send poor, honest working people out of their homes and into the streets? Will the government assess some kind of tax to those businesses that take their jobs overseas so our government can shuck some of it back to the people who lost their jobs in such a manner until they can recoup with a new plan?
I'm wondering why haven't our ten richest Americans come forward and offer their monetary assistance? Is investing in America's financial crisis such a risk that William H. Gates III, Warren E. Buffett, Sheldon Adelson, Lawrence J. Ellison, Paul G. Allen, Jim C Walton, Christy Walton, S. Robson Walton, Michael Dell, and
Alice L. Walton aren't willing to ante up a trillion or two to help save us from financial ruin? Oh wait - meybe they don't want to raise too much attention to their own business practices of sending American jobs overseas to increase their profit. The only other reason I can think of is that trying to bail out Wall Street is a bad risk. I personally think those Wall Street Executives who ran their corporations into the ground should be told to kick rocks straight on down to the unemployment line, do not pass go, do not collect 2.5 mil.
At the very least they could apologize to all the little people they crushed on their way up. My mama taught me stealing was wrong and what these Wall Street Execs have done is nothing more than good old fashioned Snidely Whiplash Evil Banker stealing from the poor and unwary through & through. They shouldn't get away with their diabolical practices.
Those who have been put in the street through these flim-flam mortgage banks should be helped into homes and compensated for their trouble. Regulation should prevent interest rates from rising beyond a borrowers means. Companies should reinvest in America and bring their jobs back. America should stop trading with China.
Oh yes people, I have a gripe with China too. Yes, their stuff is cheap but am I the only one who sees that their own brand of corporate greed means they don't mind using poison in products? Lead paint in toys, melanine in pet food products and now their own dairy products? Did they not get that melanine is POISON when there were huge pet food recalls? If those products were being made and used here at home, there wouldn't be melanine in 'em.
I think part of our whole downfall in America is the NAFTA agreement. We need to first and foremost bring jobs home. American companies need to buy American, employ American, and support our own. An individual who is weak cannot help himself let alone help others, and we as a SuperPower Nation need to be strong before we can help others as well.
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