Those bailed out should pay back every cent
I have been a registered Republican since before I was drafted during the Vietnam War in 1967 and I am so fed up with being taken advantage of as a taxpayer.
I feel it is very unfair that all middle-income homeowners who are in fear of losing their homes, and many who already have, appear to represent a lower priority for Congress, relative to those Wall Street firms with their annual $250,000 salaries plus $4-million bonuses, all of which come out of the bailout money for which we taxpayers are paying.
It seems like bad faith, and perhaps even fraud, that AIG and various investment houses and banks, whom all pleaded poverty to both the USTD and Congress, have misspent significant portions of the bailout funds that passed on Oct. 3, 2008.
Now the Big Three automakers want their share. It seems that we homeowners—when and if we get help with lower APRs and mortgage payments—will be the ones hit with the big balloon payment.
In other words, we middleincome homeowners who might get mortgage relief would have to repay all the principal and interest loaned to us, but that does not appear to be the case for those who already benefited from their share of the $750 billion (actually closer to $900 billion).
Why does it appear that AIG, Lehman Brothers and other investment, banking and realty firms might not have to repay all of the money loaned to them by the bailout? Why should we taxpayers, our children and our children's children have to pay for it only by ourselves?
When and if you read this letter and are as passionate about this subject as I am, take the time and write to your elected officials and voice your opinion. Let them know how you feel. Jim Keys Simi Valley


