Then you just don't understand whats happening. It effects each and every one of us. You just haven't noticed it yet. But you will. This bail out isn't for wall street, it's for YOU. It's so you can keep spending money you don't have. It's to prevent the banks from cutting your line of credit, denying you that car loan even though you qualify. it's to prevent massive lay offs from a sudden break down of bank credit, which we all rely on each day to carry on business. It's going to happen anyways, this bail out is just slowing it down. With France declaring it is officially in a recession, and the rest of Europe and the world following close behind, There is no way this bail out is going to carry us through until the economy improves. This credit crunch goes way back, before Freddy-Mac and Fanny-May, in began long before they started profiting from the community development scheme.. They just did it in a much bigger way than the banks did, bundling up these bad loans into multi million dollar packages and selling them on the world wide bond markets.
If you want to really blame someone for this, blame the government. They are the ones who started it all by forcing banks to loan money in the name of "community development" to minority's who could not otherwise get loans- for anything, not just houses. It was government that demanded that banks increase the amount of loans to minorities who couldn't aford it from 2-3 % to over 30%.
“This bail out isn’t for wall street, it’s for YOU. It’s so you can keep spending money you don’t have.”
Keep spending money you don’t have? What kind of horsesh** analogy it this? Being from the old school of the 30’s and 40’s we learned that you do not spend money you do not have.
Enlighten us of your reasoning.