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Why should the Federal Gov't (that's us) bail out the Stock Market for their very bad investments....? |
Bad investments is what THEY call it. Wasn't is more about greed and deceit? All that speculation caused inflation of housing and will only lead us to worse inflation...are you not already paying higher prices at the supermarket? And the downside has not even begun yet. Why should we have to pay for their greed and stupidity...and yes deceit on the part of the loan companies. I'm for letting them all suffer. It is Enron or finanicial terrorism at best. What's your take on this? George: and who is responsible for all that? Because the people with the most to gain or lose are the ones who fund most of their campaigns (exception: John Edwards). If you ask Ron Paul, he'll tell you the Fed should be dissolved. Its all about the economy. If they don't help out, the economy fails, and next thing you know, we are a third world country selling off everything we own to try to survive. Remember the Savings and Loan fiasco. Same thing all over again. This time though it is Wall Street investment banks that screwed the pooch. Not all of them but some of them. Actually, I wouldn't mind the bail out so much if we could see a few public hangings to compensate for our expense. We could start with the ex-ceos of Citicorp and Merril Lynch. What they were after was jacking up their bonuses. They did. Now their shareholders and the rest of us are suffering the consequences and they have retired to Tahiti with their multi millions. The "government" is perceived to be responsible for creating laws that protect its citizens but instead it has been passing laws that protect those who practice predatory behavior. Check out the book INSIDE JOB The Looting of America's Savings & Loans and you will end up with a good overview of people with a greedy agenda and who pays after all the greed is settled...the American taxpayer. Stock market greedies have almost killed the goose that lays the golden egg with their "legal" maneuvers of late...and where did the laws come from? Did the market copy the S&L model? They should if it prevents the rest of the country from experiencing major economic problems because of it. |
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