My crazy theory
how do you guys feel about the 700B bail outs.....
I am pretty PO'ed about them and here is why.
1) we are going to bail these guys out when if i opened a business and it failed the gov would tell me go sit on a tack. yes these firms stimulate the economy but listen to my CRAZY conspiracy talk for a minute before you kill me. we are giving these people 700 bil+ of tax payer money. in the end these guy will spurt back, but we as people will not. when the banks reconstruct and begin to lend again our credit scores will mean SH*T. mark my work the banks will lend money to no one based on your score, it will be based on your score and how much money you have in the bank already. if you have 5000 in the bank then your max loan will be 10,000 and so on. so basically what i am explaining is that in the end only the rich will be able to use banks. you and i will no longer be able to get loans unless we can scrounge up money to keep on the banks for a collateral check.
2) This averages any where from $2500 bucks to $8000 bucks a person on how you look at it. but in the end its about $5000+ for every WORKING tax paying citizen. I think if any of us owe any money to these financial institutions taking free hand outs of our money then we as tax payers are entitled to a refund attached to our owed loans in the equivalent of what was given per person.
so if i owe 10,000 to one of these banks (or dispersed through all) then in the end i will only owe them $5000 and they have to take the loss at convenience.
I would like to start some kind of collaborated group. all i need is one other dedicated person who is interested. if you are PM me.
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