Bailing Out The Irresponsible Executives!

Lately the news has been swarming about the government working on a bail out plan. At first I was like “FINALLY” the federal government is dealing with the financial crisis in Wall Street. Then as the story progress, I realized that this bailing out business isn’t such a great idea after all.

First of all, the amount of money that is needed is 700 billion dollars (that’s a big chunk of money)!!  When I heard about this I looked to Dave to see if I have heard something wrong. I guess not. Second, I wonder if this is going to help with the problem in the long term. Third, where are they going to get all this money?

Before I even asked the third question, Dave pointed out to me that the taxpayers are going to have to cough up the funds. I really didn’t like the sound of that. Honestly, I don’t know how much money you have in the bank account but I am broke. BROKE! BROKE! BROKE! I wonder how many times I have to repeat that for the government to really understand. Maybe I should tattoo the word “broke” to my forehead to make my point. However, I doubt that would make much of a difference but I might be on the cover of the worst fashion sense.

It seems that every time the big boys make a mistake, it is us the little people that have to pay. Well, I am getting sick and tired of it. Why should we hand over our hard earned money to cover for their greed and stupidity? And what happen to the people that are responsible for this? Do they get reprimanded?  The answer to that is a big “NO” and instead their paycheck gets larger and larger.  The big boys in Wall Street make more money in one year then you and I could make in 10 years.

I feel in the end no matter how much we complain, Uncle Sam will still get our money and give it to the greedy CEOs of Wall Street. It is sad how these things always happened to us average folks.

I wonder what Uncle Sam will do if I ask to be bail out of my bad investments. They probably send me a nice warning letter.

Written by Leah

Other stories written by Leah:

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  • Cancel Your Credit Card Will Bring Down Your Credit Score!
  • Is It Difficult to Save?

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  • Passive Income: Earn More Money With Little Effort
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  • How to Save Money On Gas and Tips to Improve Mileage for Your Car


    • September 25, 2008 | Filed Under Ramblings, Tax 

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