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Q&A

If you have questions about this change, you're in the right place. Our editors, experts, and community of change optimists have answers!

joepierce

Question:Should we bail out Wall Street?

What do you think? Should we spend $700bn to save Wall Street's bacon, or should we let 'em crash and burn?

Asked by joepierce on 10/2/08 3 Answers»
Cwolf112

Answer:

It's all about confidence. We HAVE to bail them out, otherwise investors will lose confidence in the market and it will crash. The reason why it hasn't happened isn't because of the $700b pricetag, but because the government's involvement is restoring confidence that things will work out. We have no choice.

Answered by: Cwolf112 on 10/2/08
Kiki76

Answer:

This is just a bad situation all around. We shouldn't be helping bail them out—how is the American taxpayer supposed to learn to be responsible with credit if our leaders won't set the example?

Answered by: Kiki76 on 10/2/08
Eva1873

Answer:

I'm so not for helping the individuals that got into this mess, but there doesn't seem to be another way to aid the overall economy at this point.

Answered by: Eva1873 on 10/2/08
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