The Bailouts.

The Rescue: A Proposal to Help Fix the Current Financial and Housing Crisis – Link to Dissent Magazine

I was thinking the same thing about what Congress needs to add to the bailout legislation, though the article linked above didn’t go into the justice and why component of helping the victims of foreclosure as much as I would have liked.  Why is it that giant wall street corporations get bailouts – BIG bailouts – without anyone talking about them paying for their ‘irresponsible behavior’.  But if a homeowner can no longer pay on a predatory loan, they are ‘irresponsible’ for taking more than the government says they should have.  The CEO’s aren’t going to be homeless when they fail (they might have to sell a vacation home or two) – but ordinary Americans will be!  And they are the ones asked to take the fall without any government help!  Where is their bailout!?  Why are the most vulnerable again taking the fall with a finger of blame while the rich are cut a nice check?  We need a moratorium on the foreclosures, and someone needs to step in to help the REAL victims of this crisis – the ordinary citizens of this nation.

It’s also time to point out that these companies are getting more tax payer funded welfare than the poor in this nation ever has.  So, where is the dehumanizing monologue for them?  Where is the disdain?

~ by dcsleeps on September 21, 2008.