So I guess the debate is still on?
Now I know this is simplistic but let me see if I get this:
Corporations mismanaged money by giving it to people who mismanage their money thereby causing the government to have to come in and give corporations MORE money to mismanage so that we can continue to give money to people who mismanage their money?
That was clear as mud!
I don't get it.
So the Corporations gave out loans to people who normally wouldn't qualify (like people who have bad credit because they don't pay their bills on time) but now the corporations need bailing out because President Bush says if we don's bail them out, then only people with excellent credit will be able to get loans.
Isn't that what the credit score is all about? Aren't we only supposed to get money from banks if we qualify because we pay our bills on time?
Why do we need to ensure EVERYONE can get a loan when only certain people should be able to get loans (those that PAY THEIR BILLS?)
Corporations mismanaged money by giving it to people who mismanage their money thereby causing the government to have to come in and give corporations MORE money to mismanage so that we can continue to give money to people who mismanage their money?
That was clear as mud!
I don't get it.
So the Corporations gave out loans to people who normally wouldn't qualify (like people who have bad credit because they don't pay their bills on time) but now the corporations need bailing out because President Bush says if we don's bail them out, then only people with excellent credit will be able to get loans.
Isn't that what the credit score is all about? Aren't we only supposed to get money from banks if we qualify because we pay our bills on time?
Why do we need to ensure EVERYONE can get a loan when only certain people should be able to get loans (those that PAY THEIR BILLS?)
posted by Indigo Robe | 11:39 AM
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