• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

What I’d like covered by the bailout

By
Stanley Bing
Stanley Bing
Down Arrow Button Icon
By
Stanley Bing
Stanley Bing
Down Arrow Button Icon
September 22, 2008, 11:26 AM ET



Sure enough, everybody and his aunt Mary is lining up to take a piece of the bailout. I applaud their efforts. Why should only the fattest of the fat cats get the meat and potatoes? Yes, they need it more than most, because it’s hardest on the best fed when the supper plate is empty. But still. Fair is fair. 

I’m sure you have your own list. Here’s mine: 

I would like some help with my two mortgages. It was hard enough to sustain one, but this second one is sort of killing me. I can make it. But it won’t be easy. If we’re sweeping up a bunch of ill-considered obligations into the cooking pot, I’d like Uncle Sam to consider mine. They’re no more idiotic than many, and smarter than most. 

I’d like the lease on my car to be bought out, or at least reduced. At the time I selected the two-year option on that bright red, eight-cylinder, genuine leather interior turbo-charged Deutche monster, the $800 per month seemed achievable. I suppose it still is, but it’s darned inconvenient. I’d much rather it was lower, which would make it easier for me to pay off my other debts. Is it possible that those of us who have leased or purchased too much car for our wallet can be offered some assistance at this juncture? I know there’s spirited debate on who’s going to get what right now between Democrats and Republicans. Would one of the two parties, during this election year, like my vote? 

Then there’s my American Express bill. I’ll be hanged if I know how, but my balance has crept up to an amazing sum. More than $10,000! I suppose that paying the minimum for almost a year while living the dream may have something to do with it. Cameras. Computers. IPods. Vacations, now and then. Pretty soon you’ve got a whopping big nut to crack and eat. I’ll be honest with you, it scared me to look at it when I finally took a peek online last week. If I have to clear that debt, I’ll be cash poor for quite some time, unless I borrow more. That would be inadvisable, I think. 

It’s also my view, taken from a purely selfish perspective, which I don’t think is inappropriate given the circumstances, that credit card debt should in one form or another be included in this package. If it isn’t, think of the consequences! People would have to stop buying on time. Many, many honest, hardworking Americans just like me would perhaps default on their loans. The entire credit structure of our society, and the mercantile system upon which it is built, would falter! Do we want to risk that? 

There’s much more I could come up with if I really thought about it, I’m sure. So please, gentlemen. When you’re coming up with your list of those who receive the plums from this very large pie, don’t forget the working person. We were pretty stupid, too, you know.

About the Author
By Stanley Bing
See full bioRight Arrow Button Icon
0

Most Popular

placeholder alt text
Real Estate
The 'Great Housing Reset' is coming: Income growth will outpace home-price growth in 2026, Redfin forecasts
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
AI
Nvidia CEO says data centers take about 3 years to construct in the U.S., while in China 'they can build a hospital in a weekend'
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
Economy
The most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says
By Jason MaDecember 6, 2025
1 day ago
placeholder alt text
Economy
JPMorgan CEO Jamie Dimon says Europe has a 'real problem’
By Katherine Chiglinsky and BloombergDecember 6, 2025
1 day ago
placeholder alt text
Big Tech
Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on
By Eva RoytburgDecember 5, 2025
3 days ago
placeholder alt text
Politics
Supreme Court to reconsider a 90-year-old unanimous ruling that limits presidential power on removing heads of independent agencies
By Mark Sherman and The Associated PressDecember 7, 2025
15 hours ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.