[goldstategop]

Its for conservatives to argue against welfare for the bottom rungs of society when they're seen as favoring corporate welfare for Wall Street's fat cats.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[pierrem15]

The whole mess has little to do with Wall Street companies: it was Fannie Mae and Freddie Mac who poisoned the well by pushing tainted mortgage instruments as investment grade securities, and they were able to do so because they had bought and paid the Congress to make sure they would get "see no evil, hear no evil, speak no evil" treatment from regulators.

The firms were mainly victims of securities billed as 'investment grade' by government backed entities, as well as government regulations that pushed private banks to make bad loans (CRA).

The primary 'fat cats' I see here were Franklin Raines, Jamie Gorelick and the politicians.

[WOBBLY BOB]

careful. someone will compare you to pat buchanan pretty soon.

Gubermint typically encourages the moral hazard and then bails people out to encourage more.

Then every 4 years someone comes along to claim they will stop it when all they really mean to do is slow it down a little.

I can’t wait to be ‘too big to fail’ some day and I think this cure is worse than the disease.