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How do you feel concerning the AIG bailout by which many of the government funds went straight into the pockets of counterparty corporations reminiscent of Goldman Sachs and into bonuses paid to AIG executives. Why are you so detrimental on the auto bailout which saved the American car corporations and jobs for his or her employees and workers in related employers. Most people in Michigan applaud the success of this motion by the Bush and Obama administrations.
The rich will always maintain getting richer, in arduous pressed financial occasions like America is in now for instance, the wealthy will purchase every thing that’s up for grabs while the middle class-did I simply say middle-class? I meant the poor because there isn’t any more center-class. However the wealthy will purchase up what the poor have needed to walk away from resulting from unemployment and many changing into homeless.
SIGTARP factors out that solely 6.6 p.c of the $45.6 billion in TARP funds set aside for the program has been spent up to now. Originally, the Obama administration projected that housing program would help some 3 million to four million borrowers with their mortgage funds, however solely about 762,839 householders have obtained permanent modifications to their mortgages as a result.
i’ve come to the conclusion that it is not essentially ignorance that’s the issue right this moment. as shadesbreath says, i think we’ve let it go too far. i do not assume there’s any pulling again from the brink, because it were. in truth, i feel we’ve already gone over the precipice. we’ve merely not struck the jagged rocks on the bottom but.