Domi31
Member
So as you know it failed on Monday, and Congress decided to take time off for a Jewish holiday, but will be back on Thurs. I got my money on the bill passing before the week is up, if it get to a vote, because of the market free fall (DJ -777pts). But should it pass?
***Rant***
Shit is real confusing, I hate to see the Wall-Street "free market" people begging for Gov' money. Kind of Ironic. But I hate to see banks struggle, because then you will see them not loan out money, meaning no more borrowing (increasing our debt is the american way).
With us not able to borrow money freely, how is this going to effect us? I know that my fathers landscaping business would not be able to get loans for additional equipment. Not only that but most of our big install projects are from people borrowing money from the bank; like most home upgrades.
So I do hope it gets to pass, but then agian it might just be overly hyped by CEO's and Wall-Street investors, trying to save their ass, and scaring us.
Why could'nt we get a Bailout for all of the people who lossed their houses. I know that they are partly to blame, because they got in houses they could not afford. So bad decision on their part. But these huge firms bought and sold mortgage back securitys. So bad decision on them. Why do the firms get the tax money?
***Rant***
Shit is real confusing, I hate to see the Wall-Street "free market" people begging for Gov' money. Kind of Ironic. But I hate to see banks struggle, because then you will see them not loan out money, meaning no more borrowing (increasing our debt is the american way).
With us not able to borrow money freely, how is this going to effect us? I know that my fathers landscaping business would not be able to get loans for additional equipment. Not only that but most of our big install projects are from people borrowing money from the bank; like most home upgrades.
So I do hope it gets to pass, but then agian it might just be overly hyped by CEO's and Wall-Street investors, trying to save their ass, and scaring us.
Why could'nt we get a Bailout for all of the people who lossed their houses. I know that they are partly to blame, because they got in houses they could not afford. So bad decision on their part. But these huge firms bought and sold mortgage back securitys. So bad decision on them. Why do the firms get the tax money?