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.
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They’re both crooks – until we have a strong 3rd party or more we the people are stuck with least worst choices.
If you want the whole list of how every Rep voted check my site. SandySays1.wordpress.com
Yes, and I wonder which one of Obama’s Fannie / Freddie advisors with be the new Treasury Secretary to oversee whatever package gets approved IF he is elected
America has been a paradise for all those financial criminals like investment bankers and stock brokers in Wall Street in the name of free market. Leave every thing to the market.
That’s what they have been saying all along.
The ordinary people might have enjoyed some crumbs falling out of fatties’left-over.
Nobody seemed to seriously care about the system that has been rotting in the base of conservative, who’s been crying for deregulating everything including fiancial system.
Now, it reached to the point where they can’t go further and crying for help from government.
They need a surgery, not a bandage.
They should go to jail instead of being bailed out. If the system fails, of-course, the people who have not will be suffered first.
But someone has to be sacrificed, if our children could live better world than ours.
The Empire must draw the curtain down and reborn.
Eugene from Laos