My 80-year-old parents went through the Great Depression.
Dad recently lost $150,000 when IndyMac collapsed.
This is real, and it’s going to affect millions of people if it isn’t dealt with immediately.
A lot of the people demanding that we not bail out the banks are already rich enough that it won’t affect them personally. They remind me of millionaire actors espousing communism, when they themselves will never be impacted by it.
Why should my elderly parents and I be out on the street just to preserve some wealthy conservatives’ ideological purity?
"A lot of the people demanding that we not bail out the banks are already rich enough that it won’t affect them personally." That'a a lie - the ones that are benefitting MOST from this bailout are the fat cat bankers, investment bank traders, corrupt socialist politicians (Republican and Democrat), and irresponsible borrowers. They've now added student loans and credit card debt to the bailout package. While I fear the cost of not doing anything too, I (like most) can recognize socialism when I see it (I'm a first generation legal immigrant who came here from a socialist "paradise.")