Student letter: Support the bailout


November 4, 2008 · Updated 2:23 PM 

  • 0
  • Print Story
  • Letter/Editor

I agree with the U.S. government’s bailout bill because financial assistance to certain investment banks is important in order to improve our economy.

If investment banks cannot loan money to people and businesses, many bankruptcies would occur. There should be punishments for the bank’s troublesome behavior.

People and small business should have to repay the money that the government loaned them as soon as they are able. The investment banks should also be responsible for the money that the U.S. government is giving them by repaying the loans with future earnings.

Lastly, home mortgage rates need to change. Variable interest rates should be illegal; only fixed rates should be allowed so that people know how much money they are borrowing.

In conclusion, our government should adopt the bailout bill and my new suggestions so that our economy recovers and does not go into a greater recession, like another Great Depression.

Ben Elliott

IMS student

Comment on this story.

COMMENTING RULES: We encourage an open exchange of ideas in our online community, but we ask you to follow our guidelines for respecting community standards. In a nutshell, don't say anything you wouldn't want your mother to read. Please see our FAQ if you have questions or concerns about using Facebook to comment.

So keep your comments:

  • Civil
  • Smart
  • On-topic
  • Free of profanity

We ask that all participants own their words by logging in with their Facebook account. It's a simple process that will take seconds and helps keep our comments free of trolls, cranks, and “drive-by” commenters. We reserve the right to remove comments from anyone using screen names, pseudonyms or false identities. Please refer to our Terms of Use for full detail on participating on our site.

blog comments powered by Disqus