700 Billion Dollar Loan. Yes or No?
By AJXlll
@AJXlll (1)
United States
September 30, 2008 8:25pm CST
I would like to know how people feel about the government not giving out the 700 billion dollar loan. Do you think that maybe the loan could have actually been beneficial to a lot of people. I am a student and i am 21; when i went to class my teacher discussed the issue with the class and he explained that it took away from some of his retirement. That comment made me think more about whether giving out that money could have been good in some ways and also bad. So what do you people think?
1 person likes this
2 responses
@laglen (19759)
• United States
1 Oct 08
Investing is a form of gambling. You never know whats going to happen. Your teacher knew he was taking a chance. He could have put his money in cds. I really do not see why I have to pay for the mistakes of these huge financial companies. Let ONE stinkin exec give up a bonus, and they would be doing better.
@acampbell79 (18)
• United States
1 Oct 08
Personally, I think it would have been a good thing overall. It would have raised taxes for us, yes, but now they are going to put holds on all loans. No one will be able to get a loan for a home, car, school, credit cards, nothing... and yes, it will cause many companies to go under and many to lose their jobs. More people will begin to lose their homes due to rising interest rates. Anyone with an adjustable is going to have a hell of a time keeping their house...and they better hope and pray that they have a secure job! It's really sad, because either way it would be tough, but I think not doing it is going to make it that much worse on us working class.
