@slotplayer 177891 wrote:
The government is a last resort not a first resort. they go to the private sector first, apparently the private sector felt it was too risky.
Well if the house republicans have thier way the private sector will get involved and they also feel that the banks will have to pay into an insurance fund so it’s not a done deal that Main Street is going to foot this crap just yet.
Edit: I also wanted to say that if they do the bailout there are NO guarantee that things will not continue to crash and I still say that the private sector better understand that they need to step up and help out as well because THEY will be affected by this also. We all are in this and we all need to give a little to get out of it.
While I know that other countries should not have to do anything, but they may want to remember that THEY will also be affected by this.
We give up $700b today and then they come back and ask for a TRILLION more then what?