(Community Matters) Wow, the Austin Business Journal is running a poll on whether or not the government should approve funding for the bailout. 56% No; 24% Yes & 20% not sure. No way to see sample size, we know it is highly skewed to businessmen. Results probably, appropriately, represent anger at any notion that we’d use taxpayers’ monies to bailout the culprits who caused this problem.
I posted earlier that there should be no bailout for those who invested irresponsibly or lied/cheated obtaining credit. Congress should approve whatever is necessary to protect American taxpayers who’ve worked hard, saved their money and invested prudently. Where we can’t separate the wheat from the chaff, we better take enough equity to fair market compensate taxpayers for any downside.
Community Matters 