Why should the Tax payers own to bail out the bleak loans made by greedy mortgage companies and the house buyer
Answers:
most of those "greedy mortgage co's" are bankrupt. Most of the remaining bank have bought the defaulted securities at a discount from the insolvent from lenders/banks.
In principal, they shouldn't. Your affairs of state is making the judgment call that such accomplishment is necessary to preclude even uglier consequences -- such as insolvencies of major financial institutions.
The same way as why should taxpayers pay towards child benefit when they own no children or high tax on cars when they do totally little mileage or excessive insurance on cars for other peoples inability to drive with care. This argument could dance on forever. Tax payers don't bail our bad loans it's high interest rates on credit/mortgage accounts that do this.It's merely when the Government lend money to no-hopers that we are once again ripped off. Why pay export tax on anything if you hardly or don't use it? Especially towards MP extra house/apartment in London because he happen to work there and has another house somewhere rural. I find it adjectives very aggravating as I'm sure most of the population does but no-body does anything to stand up against it and until that time we just hold to put up with this unfair system. We earnings tax at source tax on produce, tax on savings. How open-minded it this? Thought you couldn't be taxed on something more than once, but the government don't do inadequately out of us do they? In total we pay in excess of 57% within the pound when you add it all up. 20% out of wages, 17.5% VAT and 20% on interest from money. Plus I'm sure there's something I've missed out at 00.10am and half asleep.
Hope you have a fitting day ;-)
The single justification lies in positive the larger economy which these investment banks own thoroughly trashed.
Neither should get any "free" help
Because liberals have a socialist display that everyone should have a house for free.
Because the politicians are stupid and/or corrupt.
Well, worthy point. But, the banking instutions are so intertwined in our society, that here collapse could lead to the economic ruin of millions more relations who were smart and did not indulge in the subprime trap...
Six one, partially dozen the other.
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