Bail Out Plan Approved...1929 Vs Today!
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Bail Out Plan Approved...1929 Vs Today!

Dublin : CA : USA | Oct 03, 2008 at 4:51 AM PDT
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US congress approves bail-out in principle

Finally the bail out plan for 700 Billion Dollars got approved. The financial institutes will be given the relief and but it has turned around how the economy used to work. Back in 1929s the middle class would ask for help from these big banks and financial institues but today in reality its actually the middle class who will be helping the Wall street because government will get this money back in terms of taxes. So there is role reversal today. the Lenders Yesterday are actually Beggers Today. Just hope that this Bail out does help the economy as expected by the government and helps improve the financial crisis in the country.

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Bail Out Plan Approved...1929 Vs Today!
Finally the bail out plan for 700 Billion Dollars got approved. The financial institutes will be given the relief and but it has turned around how the economy used to work. Back in 1929s the middle would ask for help from these big banks and financial institues but today in reality its actually the middle class who will be helping the Wall street because government will get this money back in terms of taxes. So there is role reversal today. the Lenders Yesterday are actually Beggers Today. Just hope that this Bail out does help the economy as expected by the government and helps improve the financial crisis in the country.
xtraspark is based in Dublin, California, United States of America, and is a Stringer on Allvoices.
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