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First of all - Mr. Fandango -- God Bless you for sending your note. I just wish more Americans would do the same.
As to the 'bailout' - it is NOT a bailout -- we are asking for a LOAN which we will repay with INTEREST.
The Bailout of the banking industry is different.......the government is proposing the purchase of 'toxic loans' -- which - and please correct me if I'm wrong -- is a bailout -- we are giving money to banks to cover their bad judgement.......they are now free of these 'toxic loans' ........the government COULD make money IF they collect on the toxic mortgages -- but I don't get a 'warm-fuzzy' knowing that the government is going to be put in charge of anything...................
Big difference.
Yet we have so many 'experts' that miss this salient point.
If I'm wrong -- please show me and I'll shut up.
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