November 23, 2024
Letter

Who bails out us?

I am very concerned about the bailout of the banking industry that is being shoved down our throats. It seems that the people who just a short time ago were assuring us of the stability of the banking industry are the same ones that are insisting we have to bail them out. It doesn’t seem to me that these are the people who I can trust with my money.

Who is looking out for the taxpayers’ money? Are our interests being looked after in the bailout of the banking industry? I know when I go to a bank for a loan they want all the assurances in the world that the loan will be paid back. Will the reverse be true in this case?

Where are the personal assets of these big bankers being put? Are they putting their money into the bailout? Or have they already put them into shelters that can’t be touched?

The news has just informed me that the bailout at $700 billion will put every living soul in this country in debt for $3,000. Is there any chance that we will be paid back? If not, what assets will we be able to recover?

I personally don’t understand why we have to rush into this or any other bailout blindly. They don’t seem to think we have any right to think things through. Where are the people who have our interests at heart?

Thomas Bonner

Alexander


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