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Reply #7: I agree, there's blame to go around [View All]

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magellan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 02:13 AM
Response to Reply #6
7. I agree, there's blame to go around
My problem is that one side of the equation is being rewarded for their "dreams of avarice" while the other is basically being told to shrivel up and die, they asked for it.

On top of that inequity, this bailout of the financial institutions won't help the economy. It's bad money after good into the pockets of those who can most afford to learn the error of their ways, leaving us little people to deal with more rising inflation and unemployment -- on top of falling property values, etc and so on -- including those of us who were lucky or smart enough to steer clear of dodgy mortgages.

The problem is insolvency. America is bankrupt. Throwing more funny money at the financial markets isn't going to change that minor detail.
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