Should they raise our taxes to bail us out of all this consumer debt?Industrialized Nation asked: No one ever talks about the money that the US citizen owes. That is in fact the reason the business sector was bailed out. They were dumb enough to give out loans to people who were buying more than they can afford and now the government is printing funny money so all [...] Is the Credit and Loan Complex as bad as the Military-Industrial Complex?Obama nation asked: Is this “financialization” the kind of control a Credit and Loan Complex exert over society every bit as insidious as the Military-Industrial Complex. One covered up in the mainstream. Its dark side papered over suppressed. Made up of Wall Street; big banks; an array of finance, credit card and related companies preying [...] Should banks be lending just because a politician tells them to?Sean asked: Investor’s Business Daily: “The White House thinks it can jawbone banks into lending to people they don’t want to lend to. We’ve been down this road before, and it led all the way to the 2007 financial meltdown. The president on Monday gave a tongue-lashing to the ‘fat-cat bankers on Wall Street,’ as [...] When it comes to bail out, are we now desensitized to the dollar amounts?Wiser than Sotomayor asked: When we first heard about the $700 BILLION bail out, everyone was outraged. Then it grew to $850 Billion, and we were still upset, but we were glad to have it over with. AIG- $40 billion and lent Citigroup $20 billion (on top of the $25 billion it received from the [...] Why do conservatives blame minorities for the recession?Matthew D asked: Conservatives blame the housing bubble and sub prime lending on racial minorities, claiming it all happened because lending institutions were *made* to give sub prime loans to low income minorities thus causing this massive recession. However for this theory to be true only minorities would have received sub prime loans based on [...] |