If you have not heard of the $700 Billion Bailout plan check out this news article. http://www.nwcn.com/topstories/stories/NW_092908BUB_financial_bailout_mon_LJ.c30361e2.html
I would like to know your opinion, are you glad the Congress rejected the bailout plan or are you mad at them for rejecting it? Share your opinion, feel free to explain why you think what you think.
In my opinion it is good and bad. First off, it is bad because I don't think our tax dollars should go to the banks just to fix their mistakes (lending too much on top of other things). Also, it is good because the banks do need the money and if not us who else, the stock markets are also collapsing without this bailout plan. I think that something must be done but apparently it isn't going to be our tax dollars doing the job. I wish them luck thinking of a way to save the banks.
It's in times like this
12 years ago
1 comment:
I totally agree with you! I just hope all the banks will be saved, and our money won't be toyed with.
You seemed really into this blog. In debate club, you should bring this subject up sometime.
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