The Feds Bail Out - What Needs to Happen
The Feds bail out - what needs to happen Over the course of the news, online, print and TV, it keeps reiterating that a federal bail-out is at hand to save the American economy. While this news is creating a nationwide event, my question lies what type of oversight will be in placed to make sure that the small, self-employed, low income middle class is direct beneficiary of this relief. Coz, as what is going now is that everyone wants to get revenue and income in whatever means they can to survive. Thus, the said financial institutions are back to the predatory ways of service charges, non-sufficient charges and huge overdraft fees not to mentioned finance and interest charges even if you exceed $0.01 in your credit or bank account. Even though it is totally understood that they also need to survive as any business will these tactics going to be erased or waived for the common men in case the government bails them out of trouble. Somehow, as a low income, powerless member of main stree...