Reply #8: Why don't they try to get money from the private sector instead of the public?

[aint_no_life_nowhere]

Why isn't the entire country pointing the finger at the private sector and demanding they cough up their fair share? ChimpCo has scared the American public to death, virtually holding a gun to their head and telling them that if they don't act immediately to fork over $700 billion, the entire economy will collapse.

Well, if there's a collapse, won't that bring down a heck of a lot of private institutions and banks, even ones that are relatively healthy? If Americans lose their jobs and can't drive to work anymore, won't that represent the loss of tremendous profits to the oil companies? If the $700 million in taxpayer money is pumped in, won't it also benefit those private institutions?

Why isn't Bank of America, Citicorp, and maybe an oil company or two or three being asked to take on the bad debt? They stand as much to lose as the American public in general if everything falls down. They stand a lot to gain if a bailout occurs.

I'm amazed that no one is asking this question. Why just threaten the American public? Why not threaten the private sector, too, and ask them to chip in?