UPDATE: I should preface this by saying I'm not for nor strongly against federal bailouts. I'm simply against the attitude I hear so many people espousing, which is that "Bailouts suck" unless they directly impact that individual. There is enough selfishness in the world. This is a democracy; no one is more entitled to being bailed out than anyone else.
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I grew up a very privileged child in a family that was financially comfortable for the majority of my formative years. We had a big house, two cars, and my mom didn't have to work.
When my dad left his investment banking job to start his own business, we were enthusiastic. Five years later, everything changed.
An investor in my dad's company breeched his contract and pulled out all of his money, leaving us with nothing. We had to sell our home, a car, even the piano that I played for two hours every night after school. We moved to a more affordable town. I was 16 years old, and took two after school jobs because allowance wasn't something that I could count on anymore. My classmates drove their own cars to school; I took the train and sometimes waited a few hours at the train station for my mom to pick me up after the job she had taken on to help the family.
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