Sometimes I have to scratch my head and wonder just what has happened to the banking in this country. Back when we desperately wanted a mortgage, banks wouldn't touch us because we were a one income family. What changed?
Part of the problem of course is the eternal culture of keeping up with the Smith's and Jones'. Part of it is the inability to delay gratification and teach our children to do so. Part of it is our inability to save even one dime from our paychecks. What happened?
My grandparents saved their pennies, spent wisely, and lived thriftily. My step-mom pinched pennies so tight she could make them screech. The house hunk and I (after many years in debt) live a cash and carry lifestyle. Frankly, if I have anything to say about it, we'll never live any other way.
There is an overwhelming culture of greed in this country. Corporations, government, the oil industry in particular are all more interested in making money that turning our country around. Now that the banks and corporations have reached rock bottom, we're supposed to bail them out. That's right--you and me. So, here's my question. If it's my money propping up the financial district, shouldn't those folks have to give me an IOU? And when they get back on their feet and they're taking in money hand over fist, shouldn't they have to pay me back? Isn't that the way it works when you borrow money?
After all, if I borrow money from them, I have to pay them back. Maybe after a certain point all the taxpayers should start calling them and ask them when they're going to make a payment. You know what I'm talking about--like those creepy bill collectors that call you all hours of the day and night wanting to make arrangements for a payment. What if we all started calling the White House and the Congress demanding to know what they're doing with our money?
After all, this buy out is going to cost all of us $3000 per person. So I want my money back--with interest.