There are many reasons politicians oppose the bailout of Wall Street and financial institutions. Some are based on ideology, and many politicians are responding to constituent opposition to the bailout. Financial markets, including the interbank Forex, are reacting to the failure of the US congress to pass the bailout bill. Reaction to the bailout failure from foreign sources has not been positive and financial markets are frozen. For readers outside the US, here are some reasons why so many oppose the bailout.

Irresponsibility on Wall Street

US taxpayers do not feel they should be held responsible for the greed and irresponsibility of Wall Street traders. The middle class in the US feels they are already overtaxed and burdened with rising food and fuel prices and are in no mood to bail out traders and executives who should have known better.

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