Don't you think we waste our money to bailout those big banks?
By kingparker
@kingparker (9673)
United States
August 5, 2011 4:37am CST
To be honest, I personally think that our government, the Federal government waste our money to bailout those giant banks like Chase, Bank of America; especially bank of america. In my recent discussions, they are playing dirty on our customers, and that is totally wrong. As you already knew, banks are unwilling to let small businesses entrepreneurs to borrow money, even though they have great credit score. They just won't want to take the risk of default. But our economy is base on small and mid - size businesses to keep our country running, and those businesses are more likely to hire more people. So, without those banks financial support, they just can't launch or start. The ultimate purpose of our tax money to help those banks originally, is that we hope that those financial institutions to keep those businesses running by giving them the "blood". Without it, they just can't survive. So, don't we just regret on helping them originally?
2 people like this
4 responses
@inertia4 (27978)
• United States
11 Aug 11
I never agreed with the bailouts at all. If I was the president at the time, I would have told them, go see where you have to go. I would have let them all fail. Why should I as the federal government bail out corrupt banks. It is the banks partly why we are in this situation in the first place.
@KrauseHome (36445)
• United States
6 Aug 11
Personally the minute the Banks were bailed out, actually leaned more to the deficit problem, and the reason the small people actually are paying out more instead of less. Also the interest rate on Credit Cards became way more, and the companies are not understanding now at all like they used to be. Actually did this continue to save homes from being Foreclosed on and create more jobs? Nope on that as well.
The biggest problem now is unless you have a lot of money and make a really Good income there is hope. Otherwise you better just hope you can at least have a job and find others who are willing to rent a room or something from you to be able to help you out financially if you need it. Because helping Banks are almost now a thing of the past.
@stephcjh (38473)
• United States
5 Aug 11
I'm not really sure anymore. I think everyone needs to take responsibility for their own actions anymore. No one is there to bail any of us out of our debts.
@roberten (3128)
• United States
5 Aug 11
I understand why we bailed them out but I think it was a mistake to trust that they would do the right thing by their customers once they themselves were out of hot water. Financial institutions are like wild animals, they can never truly be tamed or trusted. 
