Half the Bailout is where?
posted January 13, 2009 - 4:05am
I find it disturbing that our tax money is going to these banks for the bailout.
How is this going to help us?
We are going to pay our taxes, pay back our loans we have now along with our mortgages, and regular bills, gas,
electric, cable and such, plus now we have more taxes for this loan of money that is doing what? Helping the banks give out more loans?
None of this money is being tracked. For all we know this money is in some big executives bank account over seas. For all we know this is screwed up.
These banks are spending this money on thereselves. Where is the American People profiting here. We arent.
We are all waiting to see if this new Stimulus package is going to go through, so that we can get the things we do need at home.
A few banks did say they have company-specific programs, such as JPMorgan Chase's plan to lend $5 billion to nonprofit and health care companies next year. Wisconsin-based Marshall & Ilsley Corp., is going to use $1.75 billion in bailout money to temporarily stop foreclosing on homes.
There is no basic accounting for any of this money from the $350 bailout. I find this to be completely wrong to do.
U.S. Bancorp and Huntington Bancshares Inc. just received there money, so they have no records yet. But they also couldnt provide what it is they are going to do with this money.
I dont believe we will ever receive a clear answer to where $350 billion dollars has gone. We are going to be left unanswered to this. :(
There is going to be investigations, but what will this outcome be? And if there was something that was wrong with all of it, will it all be covered up by the government so the United State People are not upset?
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