Comments on: New and Improved Bailout Package Revealed http://www.daxdesai.com/2008/09/28/new-and-improved-bailout-package-revealed/ High Return Investing with Dax Fri, 18 Dec 2009 10:01:37 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Kavita http://www.daxdesai.com/2008/09/28/new-and-improved-bailout-package-revealed/comment-page-1/#comment-18489 Kavita Thu, 02 Oct 2008 03:53:15 +0000 http://www.daxdesai.com/?p=869#comment-18489 I admit that changes (positive) have been made because of congress. However, I am scared if those people getting a second chance with the bill, will find a way to take advantage it. If it was a mistake, I wouldn't be bothered by it, but this is too big to be a mistake and no one caught it, and it got out of hand. At least now there will be oversight, and congress is involved, but what if congress gets swayed by the administration? The bailout will not solve the problem, it will only temporally relieve the economy. These businesses have a lot of changes to make. They need to find out the root cause, come up with a permanent solution. That means putting aside their arrogance and greed. What bothers me the most is the irresponsible decisions financial institutions made, and the administration in making the bill. Paulson and others put a horrible 2 page bill together over the weekend hoping it would pass. I spend more time putting together a college paper than they did putting together the bill. The original draft had no over sight, no accountability in case it didn't work, and it was vague overall. The fact that they thought this bill would pass makes me dumbfounded. These people don't care about the people, if they did, their first draft would reflect that. I have mixed feelings on the bailout, I think why not give the money to the people instead. I read an interesting post on an alternative solution where it says why it would work giving it to the people instead. (I'll post the link once I find it) I don't know too much about the economy to know if it will work though. All I know is that our economy is in a big mess, and we have to clean up after these irresponsible companies. It is disgusting. That's my opinion. I admit that changes (positive) have been made because of congress. However, I am scared if those people getting a second chance with the bill, will find a way to take advantage it. If it was a mistake, I wouldn’t be bothered by it, but this is too big to be a mistake and no one caught it, and it got out of hand. At least now there will be oversight, and congress is involved, but what if congress gets swayed by the administration? The bailout will not solve the problem, it will only temporally relieve the economy. These businesses have a lot of changes to make. They need to find out the root cause, come up with a permanent solution. That means putting aside their arrogance and greed. What bothers me the most is the irresponsible decisions financial institutions made, and the administration in making the bill. Paulson and others put a horrible 2 page bill together over the weekend hoping it would pass. I spend more time putting together a college paper than they did putting together the bill. The original draft had no over sight, no accountability in case it didn’t work, and it was vague overall. The fact that they thought this bill would pass makes me dumbfounded. These people don’t care about the people, if they did, their first draft would reflect that.

I have mixed feelings on the bailout, I think why not give the money to the people instead. I read an interesting post on an alternative solution where it says why it would work giving it to the people instead. (I’ll post the link once I find it) I don’t know too much about the economy to know if it will work though. All I know is that our economy is in a big mess, and we have to clean up after these irresponsible companies. It is disgusting.

That’s my opinion.

]]>