Wednesday, April 22, 2009

Banks still in distress, Geithner tells overseers

America's banks are still broken despite all their bailout billions, Treasury Secretary Timothy Geithner told impatient rescue overseers Tuesday as they pressed him on when things will get better and how much it will cost. A bleak new report estimated U.S. banks and other financial institutions could lose a stunning $2.7 trillion in all. So, after $700 billion the banks are still struggling, so what is going on and what's happening to our money? If all of the banks are losing so much money still then why are these CEO's still aloud to keep all of these bonuses and still flying around in private jets and so on? If the banks are not rebounding back then how are they going to pay the money back? If they can't pay the money back then how can those of us who pay our bills and have managed our credit get loans at fair rates and when we need them?

Hagins, jonathan C.
POS1041
11:35

1 comment:

Generic Student Login said...

I believe the CEO's of every top bank or car company, or whoever is getting bailed out these days should be put out on the street. They are billions of tax dollars for their mistakes. Tax payers shouldnt have to wear their burden by not being able to get loans.


Kyle O'Neill
POS 1041
11:35 T/TR