The bailout is intended to rescue bankers from the bad loans that threaten to derail the economy and plunge the country into a long depression.
What about people like me who have paid their loans on time every time. I haven’t taken out a loan that I could not pay back. I have been turned down by banks in favor for someone who would not pay their debts.
I heard Debrah Orman on Oprah this week saying to only place your cash in an account backed by the government nothing else. She suspects some of the banks will go under. This is very scary!
Myself? I am stockpiling a bit of food.