Wall Street Bailouts

The nation is not only battling an economic crisis, but it’s also facing an ethical conflict regarding the constitutional role our Government is supposed to play in the economy. The fear of Wall Street collapsing has many politicians with their backs to the wall, while other Americans are on the verge of a mental break down. However, if the Government bails out Freedie Mac and Fannie Mae, we’d be forfeiting our civic duty of keeping others accountable. Furthermore, if this economic crisis isn’t resolved soon, panic could settle in and the economy could take an even bigger fall.

Because this year is an election year, both political parties are afraid of committing to any tactics that could fix this problem due to the fact it could backfire and hurt their campaign. This means no one will be implementing any sort of plan into action until after the election. I just hope the economy can hold on that long.

I’d also like to take this moment to thank Freddie Mac and Fannie Mae for their wonderful unethical work and greed that’s contributed so much to this current crisis. Due to their lack of moral accountability, the Government is faced with a decision between risking the economy and holding these financial villains accountable for their actions.

I’m also curious with regards to the relationship between Freddie Mac, Fannie Mae and Barack Obama. On the list of Freddie Mac and Fannie Mae campaign contributions, Obama was second from the top. This does not look good for the Obama campaign.