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Old 03-30-2009, 08:41 PM   #717
sugarpop
Professor
 
Join Date: Nov 2008
Location: the edge of the abyss
Posts: 1,947
Read the article Merc posted in Rolling Stone. http://www.rollingstone.com/politics...takeover/print

Obama keeps giving more advantages to banks, and big investors, and financial institutions, some of which were responsible for the meltdown in the first place. I think more money should be going to stimulate the economy and help actual people, you know, like more money for infrastructure, more money to refinance homes at low interest rates, less money to banks. Now they are getting another bailout, with most of the risk being put on the taxpayers, with this plan to buy their toxic assets. Meanwhile, they are crushing the very people bailing them out by charging exhorbitant fees and interest rates on things like cars. And the interest rates were supposed to go down on mortgages so people could refinance, but they went up again last week after the stock market went up. It isn't right. They are so worried about recouping the losses that THEY INCURRED by making bad buiness decisions, and while taxpayers keep having to bail them out, they are doing almost nothing to help the very people who are bailing them out.
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