700 billion dollar bailout rejected!

http://money.cnn.com/2008/09/29/markets/ma...dex.htm?cnn=yes

I think that is a small price to pay for our tax dollars going to waste bailing out banks that made poor decisions. I think we will recover. What do you think? I think 700 billion dollars could be spent elsewhere that would help our economy. Not giving 700 billion to the rich.

I take that back they are just going to do another vote until it passes.

Well actually the 700 billion would not be given entirely to the tax payers because the loans they buy have value. I just dont think its a good idea. Its the government getting involved and I think its b/s. Let the banks suffer, it is there fault for the situation they are in to begin with.

It is there fault and they could of prevented it. Think back though with i believe it was clinton with the whole mortgage thing back in the day, everyone should have a nice home. Even if it is out of there means to get it. Alot of this problem is people over extending what they have and should spend on other things. Yet i wouldn't be against them bailing them out but with the fact that they pay intrest if that wasn't included in the deal. So that way our tax money would come back more than put in. I mean think about it, they won't be able to pay it off that quick so we could make a killing on it. Only thing is the banks would make everything hard as hell to get anything from them which could be a problem in the end. Oh well everything is going to hell in a hand basket just like rome.