Tuesday, October 7, 2008

Bailout promises to the people not met?

Congress passed a bailout bill last week. Today the stock market prices continue to plummet. So will the bailout bill help the markets and when will we find out if it stabilized the markets and really helped? And how about we the people? How did we fair in this bailout bill and will we see any relief anytime soon?

No one is really reporting on how we faired in this bill. It seems that the major principles that were supposed to be in the bill to protect the taxpayers were not overtly met. So it seems to me that we the taxpayers are doing exactly what we didn’t want to do—bail out Wall Street with little oversight and no upside for us.

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