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Should the government bail out Wall Street?

bill t asked:


http://news.yahoo.com/s/ap/20080402/ap_on_bi_ge/bernanke_congress

After reading this article, the part where it says that bailing out Wall Street could cost the taxpayers billions, are you in favor of this bailout?

I had also told many people that once Rupert Murdoch took over the Dow Jones and the Wall Street Journal, he would wreak havoc on the financial markets.

So, in your opinion, do you feel we should bail out Wall Street?
In the last paragraph, it states the Federal Reserve Bank (which isn’t Federal and is a privately owned corporation) would become “top cop” in charge of financial market stability.

Does this scare you at all?
Tha_Original–what about all the people who had their stock in Enron? They were told (that is the employees who worked there) they couldn’t sell their stocks but what did the head honchos do? They sold their stocks and then the company went under.

Oh yeah, keeping your money in the stock market is smart.

Loretta

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This entry was posted on Thursday, January 22nd, 2009 at 6:14 am and is filed under Government. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “Should the government bail out Wall Street?”

  1. Marshall says:
    January 23, 2009 at 1:05 pm

    Franklin

    No we live in a capitalistic society so my opinion is just let the economy go its own since its a free market and the dollar will do what it wants.

  2. mikeab84 says:
    January 26, 2009 at 9:02 pm

    Todd

    NO NO 1000 times NO!!!!!

    It seems that CEOS and these wall street folks only like capitalism untill they fail, then they’re socialists.

    These people ran their businesses poorly, and failure is what happens to businesses that are run poorly.

  3. Sahara says:
    January 28, 2009 at 2:04 am

    Kimberly

    It scares me and makes my blood boil with these fools costing all of us hardworking people pay the price for their mistakes. However, it’s all the same. The government should have been watching this. Isn’t that part of their responsibility?? Throw them all in jail. They knew exactly what they were doing. How could they not?? A lot of people involved knew. They are not dumb. They may be playing dumb now. But I’m not fooled. There is a lot going on that we don’t know about. It’s by design.

  4. Tha_Original says:
    January 28, 2009 at 5:14 am

    Micheal

    its a tough call. how many people have a 401k or IRA or other retirement investment that is attached to the markets somehow. bailing out wall street helps many people at the same time.

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