Blown Mortgage - Latest Comments in Wondering how much of your money will go towards “fixing” the problem?

Re: Wondering how much of your money will go towards “fixing” the problem?

Kelly Rusk — Thu, 04 Dec 2008 17:12:34 -0000

Un-freakin'-believable!

Re: Wondering how much of your money will go towards “fixing” the problem?

CJ — Thu, 04 Dec 2008 14:40:13 -0000

Morgan -

You confirmed my worst fears. I have been criticized for not wanting to support the bail out of the 3 American motor companies. People have said, don't you realize people will lose jobs? But this is exactly what I am concerned about. The wrong people getting the help.
Great post!

Re: Wondering how much of your money will go towards “fixing” the problem?

Victoria — Thu, 04 Dec 2008 14:27:17 -0000

This country won't see a recovery until people, I mean workers get educated, involved and understand what politicians do. It is very easy to give away money when your actions are not followed. The myth that IF financial institutions go to bankruptcy, the national economy will go too, is fed by the same institutions. ...Ignorance make people believe whatever the BIG ones said.
I am sorry to tell you, but the government have to help the people, the ones who make this country prosperous, NOT the institutions who are destroying it. Bailout the people, not the ones who suck the blood of the economy.
Extend unemployment to cover those affected, it will be less costly and more effective. And teach everyone not to borrow for frivolities.

Re: Wondering how much of your money will go towards “fixing” the problem?

Morgan Brown — Thu, 04 Dec 2008 12:22:31 -0000

Hi Zell,

I think the devil's in the details. The number $108 billion was the earmarked figure for salaries and compensation - not the actual number. I suspect that with layoffs, corporate bonus restructuring, etc. the number will be lower - by how much is the question.

Re: Wondering how much of your money will go towards “fixing” the problem?

ZellM — Thu, 04 Dec 2008 00:28:58 -0000

Morgan:

This data, if true, is incomprehensible. Is there another source to back up this claim? The reason I ask is because I noticed that the source of the data is Alternet. Alternet has absolutely not credibility at all. They are extremely biased (liars).