Shawna S asked:
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August 8th, 2009 @9:51 pm
there will always be jobs to be cut when the government gets involved.
But this also opens the door to 3 times the amount of lost jobs to fill the position at mcDonalds.
should the lenders be making 5 million a year to take your home away in the first place.
August 11th, 2009 @8:41 am
No one is saying. they wont tell you the truth. but there will be jobs lost if there is no bailout.
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High. When Bear Sterns was bailed out by a Fed-backed bailout by JP Morgan, they laid off thousands of employees. They’re not doing this for the people or to save the economy–only their economy and finances. All mergers and takeovers always results in massive layoffs. You would think that if they’re really doing it for the people and the economy, they would make receiving this money conditional (e.g. not laying people off and re-writing mortgages so people can afford the payments before they were “adjusted” and skyrocketed and keep their homes). That’s the least they can do since it’s coming from tax payers!