Many people hail the bailout as a welcome sight but experts are warning that it serves to condone the activities of those who were responsible for the whole mess in the first place. Companies that offered zero-collateralHousing loans to homeowners made millions but crashed at the slightest instability of the financial market. These same firms are the ones who got billion dollar bailout funds and are again set to get more in what has been called the bailout of the bailouts. These events have some conspiracy theorists on their heels as they try to find the links that connects all the dots.
The very companies who were responsible for the mess should have been penalized and the assets of their top executives who master-minded the market products that required no collateral sent to jail. As homeowners cry out for help, they should be afraid, very afraid at the back-lash of such funds should they fail to attain their goal of pumping some life into the whole economy.

This entry was posted on Friday, January 30th, 2009 at 2:38 am and is filed under General, News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.