Tag: Bail out

Out on bail

How bout that sub prime mortgage bail out – or not. I see the ASX is down 5.4% already after what I reckon is a good decision from Congress. 

My questions about the bail out are:

why is the government stepping in to assist failing companies rather than failing taxpayers and their mortgages?
why is the government responsible for the economy anyway? I know it’s universally accepted that that’s the case – but why is it so? Why aren’t businesses and industries responsible for the economy? Why is the government blamed when it tanks but ignored while companies take the credit when it grows?
who would be an executive of a global company now when a failure leads to mass losses – perhaps that’s why the salaries and payments are so high…
whose idea were NINJA loans (no income no job)? whose idea was it to call them that? Where did the “A” in the acronym come from?
why would congress pass a bill that the majority of the public think is a bad idea? who does this decision benefit politically?

Lots of questions, no real answers.