Just Pass Me By

We all know the government had to bail out a couple of financial institutions recently. This is concerning, and I am not sure President Bush gave us enough information, what I really wanted to hear from the President is what plans do we have to prevent having to bail them out again. I understand they feel that if these companies colapse this will cause an economic collaspe and I don’t doubt that. What worries me is why weren’t these companies more controlled, watch out for more. Why would they think it’s okay to loan money on other loans they have yet to recieve all the funds expecailly when the unemployment rate as increase over the years.

The other thing which is concerning is why were people allowed to take out loans which they didn’t make enough money to pay.  Shortly after the government bailed out a couple companies another bank went bully up, that one was Washington mutual if I understand correctly. I am glad thier is insurance on bank accounts and to be honest I would almost like to talk to my bank and find out, how this affects them. I know what little money I have in my accounts are safe and I am not going to get to worried about it. 

One thing which I was a little disappointed in our 2 canidates is that McCain stayed back to work on the budget or what ever it was, he didn’t want to do the debate until after their was a solution to the problem but Obama didn’t want to do this. Okay Democrats and Republicans better start working on finding solutions to our problems and get their head out of their backside. They need to work together and find a solution, they need to decide what is the best way to prevent this from happening again. Will their need to be stricter acconting rules and regulations for banks. I think their should be a stricter rules for them because they are holding our money, and them collapsing can seriously hurt us. It will not be the rich people who get the backlash, it will be those of us hard workers who are bearly making it as it is, this probably means our taxes will be raised. To be honest I don’t want the taxes to be raised but it a evil which probably going to happen becuase out politians don’t know how to handle money wise so it will be us tax payers who get the brunt of it.

I am hoping my student loans don’t get affected by this, I only have about 10 to 16 months to go, still waiting on my transfer credits could be a lot longer. Might be less because it seems like when I took time off I had 11 classes to do, I know I lost 1 class so that would give me 12 classes. I am almost to the home plate and I am hoping I can make it.
I wonder how many people, who had Lasik done, have loans out. The thing is we weren’t really explained the way this actually affects us or the solutions the government is working on. Maybe they just haven’t figured it out yet.