Sep 21 2008
The Government Cannot Bail You Out
Much of the media coverage surrounding the continuous government bail outs is focused on whether or not the Federal government should be stepping into the private sector and altering the market when a true capitalist society needs to be free from government intervention. It is true that in a free market system, the market needs to care for itself without interference from outside sources. Supply and demand tend to even each other out in the long run with those that work harder and smarter benefiting in the end.
Whether or not the actions by our government in bailing out these corporations is the first sign of a socialist society is not the issue that we should be focusing on. The true issue is that none of these bail outs help the borrowers; they only help the corporations. Everyone who purchased AIG stock last year has still lost their money. Everyone who has a mortgage owned by Freddie Mac or Fannie Mae still owes more than their house is worth. The Federal government has decided that the corporations need to be bailed out even though their own poor decisions put them in these circumstances.
The Federal goverment has no plan to bail out the home owners who have taken out loans that they can no longer afford. The only way to save your home is to fight for it; there is no time to wait and hope the goverment will bail us out. They couldn’t if they wanted to. Learn more about how to fight for your home at www.ForeclosureDefenseSecrets.com.
