It looks like the End of Credit is near

photo credit: Adam Sacco

The numbers are in and the bailout of our financial institutions wont affect them, or the rest of us, until 2022. How is that going to save you and me? The short answer, it wont. If the bailout isnt going to help them now, you can bet they will ask for another sum of money, this time like the Orphan Oliver, with his hand out, asking, may I have another please? How will the American people take such a question? For many, it looks like the end of credit is near.

We give financial institutions a bailout, with tax payers money, we loose our jobs and houses, and they raise taxes, and want another bailout, which would cost us more money that we cant afford because we have no jobs.

Because banks are under funded and have a surplus of debit to sell it will soon be reveled and unless they get another bailout they will go down and take everybodys money with them. The scary part is that this is not just an American problem, its happening all over Europe as well.

Posted on July 02, 2010 14:21:50 by Blog Author