Bailouts And Bankruptcies

Seems the federal government is determined to give away as much of our money as they can as fast as they can. Every day we hear of another billion here and another billion there being handed over to banks and other companies that for one reason or the other have run them selves into the ground. Then the government decides who is deserving and who is not then writes the check.

According to the New York Times, at least three of our local banks have been recipients of billions in bailout funds.

BB&T Bank $3,133,640,000
Regions Bank $3,500,000,000
Suntrust Bank $4,850,000,000

On the other hand the tough economic times have taken a toll on a number of local Loudon County businesses who have filed bankruptcy over the last year or so. From (FDBA Formerly Doing Business As,) (DBA Doing Business As)

Silventure, Inc. (dba Nichols Marine)
Donna Jean Derrick (dba Derrick Properties)
Thomas Edward Lambert (fdba L&H Construction)
Calvin John Boling and and Beverly Sue Boling (fdba Cranberry Hollow LLC)
Thomas Eugene Wingo and Linda Diane Wingo (aka Once Upon a Time Cafe & Gifts)
Larry Wayne Hutchison and Ella Ruth Hutchison (dba Creative Notions)
Mary Lee Frost (fdba Eagle’s Nest Antiques & Treasures)
Randell Wade Newbolds and Tammy Emmalene Newbolds  (dba The Gun Club)
Johnny Allen Hicks and Cynthia Charlene Hicks (fdba JCH Construction)
Joseph J. Wallace and Sonjia L. Wallace (fdba Wallace Construction)
Michael Gene Ryan (dba Mr. Painting)
Brewster’s Contracting Services LLC, (fdba Brewster’s Turf and Tree Management LLC)
Darryl Lynn Williams (dba Purelife Solutions)
M. Jan Gibson (dba Specialty Engraving Co.)
Gary Lynn Bingham and Deborah P. Bingham (fdba Brothers Masonry)
Allan Tracy Owens and Vanessa Fay Owens (dba Double-O Trucking)
Jimmy Charles Bowman  and Patricia Ann Bowman (dba Bowman Drywall)
Larry Wayne Hutchison and Ella Ruth Hutchison (dba Creative Notions)
Jesse Franklin Edwards and Donna Kay Edwards (dba Victree One Tree Service)
Richard Eugene Gasper and Rhonda K. Gasper (dba Gasper True Value Hardware, dba R&R Enterprises)

So what's fair about this? If the government really wanted to help the people why not bailout the little guys? Things may get much worse before they get better.