Just a few weeks ago Bush said they were not going to put money into banks but now we are?
Just like on the Daily Show Treasury Secretary Paulson was talking about how Japan just put money into banks we wont do what Japan did yet now... We are what caused these turn of events and what caused this to happen? The Secretary is going to be injecting 250 Billion dollars not to the people who are losing there houses no to the people who are taking them. The banks are receiving this money so they can distribute it to people who need it.
This connects to class because one it affects our whole country so why doesn't it exclude our class secondly we had debates on how we feel on it and it is the biggest topic in the presidential debates which is a major part of what we are doing in class at the moment.
Personally I think this money is going to the people who screwed up in the first place for giving people loans they couldn't afford which affects all of us sadly. I think in that theory our system is flawed. Why should we get punished because a company wants an extra buck? is that fair? So what I think needs to happen is for that currency to be put into banks but have it monitored so that the money goes towards the people who are foreclosing house or losing all there assets because the banks just cant come up with the money.
By MARK LANDLER
Published: October 14, 2008
Just like on the Daily Show Treasury Secretary Paulson was talking about how Japan just put money into banks we wont do what Japan did yet now... We are what caused these turn of events and what caused this to happen? The Secretary is going to be injecting 250 Billion dollars not to the people who are losing there houses no to the people who are taking them. The banks are receiving this money so they can distribute it to people who need it.
This connects to class because one it affects our whole country so why doesn't it exclude our class secondly we had debates on how we feel on it and it is the biggest topic in the presidential debates which is a major part of what we are doing in class at the moment.
Personally I think this money is going to the people who screwed up in the first place for giving people loans they couldn't afford which affects all of us sadly. I think in that theory our system is flawed. Why should we get punished because a company wants an extra buck? is that fair? So what I think needs to happen is for that currency to be put into banks but have it monitored so that the money goes towards the people who are foreclosing house or losing all there assets because the banks just cant come up with the money.
By MARK LANDLER
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