Why the hell the govt is bailing out everyone on wall street is beyond my freaking comprehension. Yeah, yeah, the investors will get hurt. Bull crap, they invested thinking they were going to get rich. Not all investments pay off. Some fail totally and the lucky others get taken over or bailed out by the govt.
When you invest in something you know theres a risk and by investing you are agreeing to the risk. You don’t get the option to have the govt bail you out. What part of “Free market” is it that govt doesn’t seem to understand.
Yeah, yeah, so it will cause other places to collapse. Bummer, more greedy bastards that thought they were going to get rich making bad loans to poor people or loaning them more than they ever hoped to qualify for. The dimwits at the financial institutions should all be fired and let Bush take over. He couldn’t mismanage it any worse than the supposed experts did.
Oh wait, Bush did take it over. Wonder where that moneys gonna come from? The social security fund that’s supposedly broke? Nah, the govt already borrowed all that. Screw the pretty words and the long convoluted explanations or however you want to manipulate it or spin it the investors put their money in because they thought they’d get high returns.
Now in my workd high returns usually means a high risk. Look at it like only betting long shots in a horse race. The returns are great but you also loose quite often. No one gives back the money when you bet your house payment or grocery money so why should investor be protected?
This high risk loan crap is nothing but another junk bonds fiasco and once again the scammers and crooks get bailed out. If they hadn’t all been so greedy they wouldn’t have the problem they have now.
Screw Fannie, Freddy, Lehman, Ford, Chrysler, GMC, the airlines and all the rest that want a govt bailout. In a free market the inept go broke and the able make money. Bailing out the inept is a futile gesture that hurts us all in the long run.
Anyone remember when the airlines used to make money? Ah yes, the good old days, polite service, decent meals, on time flights etc. Now, crappy, hostile service, late flights, people sitting in planes on runways for 10 hours, charging for baggage, etc. Hmm, the govt subsidizes the airlines now. Sure good to see the subsidies work isn’t it.
Better to have let the dumb asses go belly up and be replaced by another airline who could do it better. That’s how a free market works. The best survive and the worst and the stupid go out of business.
Yep, lets bail out all the rich bastards while our infrastructure crumbles. Sarah Palin may not know what the Bush doctrine is but it seems to be “Piss off the rest of the world, don’t help our friends, screw the poor and middle class and help the rich stay rich or get richer.
It must be nice to be to big to be allowed to fail. Can’t make you mortgage payment? Can’t buy food. Call the govt and try to get a bailout. Don’t hold your breath waiting.
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