No Bailout. Not one penny.
Look at the Dow from 2000/02 it went down 36 percent
Look at the Dow now 2007/08 it went down 21 percent
NOW is NOT that bad. Not even close to 2000/02 when we had the .com bubble burst AND A TERRORIST ATTACK.
F A C T S. that you won’t hear from the “experts”
I say a serious investigation into the mortgage scandel needs to get underway, and those that made off like bandits, lied and sold off these risky investments as sound, should share in the losses, and those that lied and borrowed beyond their means should loose their homes.
AIG is another matter, and it is a short term loan. A lot of peoples life savings, retirement funds are at stake. part of their problem is that they bought a lot of these fraudulent investments. I don't mind a temporary bail out to protect citizens retirement funds they worked hard for and saved in good faith. There are several separate issues here, and should not be bundled up into one big general bail out package by media or anyone else.