Why is it ok to bail our homeowners but not the auto industry?
The people who currently cannot pay their bills either because of a lost job or because of short sighted actions that got them into houses they could not pay for, why not the auto industry? Personally I am for anything with some serious strings but for years the home values have been artificially high and people were in homes that they actually could not pay for. So why is it more acceptable to pass a bill for them? of course they havent yet but most people are for them bailing them out.
Asked By: Saucy - 11/21/2008
Best Answer - Chosen by Asker
It's not okay in my book. It's not a lot for the auto industry to ask---a 25 billion bridge loan---after giving Wall Street 700 billion with no strings. They should give it to them. The effect would be devastating if the auto industry goes bankrupt due to the credit crisis of Wall Street... More
Answered By: The Planet - 11/21/2008
Additional Answers (5)
It is not OK to bail anyone out!
Answered By: jmg - 11/21/2008
Homeowners have not received any bail out, at all...
Answered By: whimsy - 11/21/2008
name one homeowner that the government has bailed out
Answered By: Joe - 11/21/2008
IF the government HAD bailed out homeowners, there would have been no melt down
Answered By: Fatty Fatty 2 X 4 - 11/21/2008
At this juncture no homeowners have been bailed out. The initial 350 billion was established to buy stocks in certain failing industries such as AIG. The banking industries were suppose to provide some liquidity for small business and protect the homeowners from losing their houses. The latter hasn't taken affect. The... More
Answered By: ☼Solar☼ - 11/21/2008
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