A Bank Bailout That Works

The economic crisis that our nation is experiencing, is the affects of "many years of reckless behavior according to the article A Bank Bailout That Works. American banks have put our nation in a desperate situation. The majority of the U.S. banks, if held responsible for their poor choices, would have to close their doors.

Although no one really knows the extent of the economic deficient, the estimates are a whopping
$ 2-3 trillion or more. If any other businesses capital was inadequate they would have to close the doors. The faulty practices of the U. S. banks, don't force them to mark down assets to current market price. The U. S. is not the only country that has bailed out their banks, Chile, Argentina and Indonesia spent 40% or more of their GDP during their bailout.

Could the $ 700 million for the U. S. bank bailout only be enough for a down payment? During the Bush Administration the national debt rose from $ 5.7 trillion to $ 10 trillion. The large amount of money that the government is spending on the bailout could cost such programs as social security.

The American banks are like a toxic waste, now the government is paying the price to clean up their mess. The politicians that are responsible for the bailout, don't want to take credit for it. They say that they were forced to make the decision.

The lenders are the ones that made a mess out of our economy, therefore they should be the ones that are forced to clean it up. The taxpayers shouldn't have to pay the price for other peoples mistakes. I believe that the government should make examples out of them. If they are handed over the money, who's to say that it won't happen again.