This is from a friend of mine, I thought he said it well, so I’m sharing:
“I absolutely oppose a taxpayer-supported bailout of the of the corporations who have brought the world economy to the brink of collapse.
The problem seems to be that too much greed led too many companies to turn a blind eye to too many agents selling too many real estate loans to too many people who couldn’t afford them, then re-packaging these sure-to-fail debts as sure-pay secured liabilities and selling them to other masters-of-the-universe who didn’t bother to confirm their value. All the while, all of them were collecting high salaries, undeserved commissions and outrageous bonuses.
I have no problem with a government program which keeps innocent people in the houses the bankers knew they couldn’t afford, but I have a huge problem with any schemes which supports those commissions, salaries and bonuses.
Too big to fail? Why? Why weren’t the people exploited by the lenders too important to fail? Why should the corporations be given better treatment than the millions of people they were willing to put out of their homes Put the greedmeisters out of their companies. Nationalize the companies which cannot save themselves and work with the borrowers. Keep the bonus- and commission-earners on staff only if they’re willing to give back the extra money they earned off the naive consumers they’ve exploited.
If the problem is non-performing loans, rescue the non-payers whom the loan-makers knew were bad risks, but made the loans anyway.
As for allowing giant banks to become mega-banks, have we forgotten who caused this problem before we’re even through it? We don’t need larger banks, but we do need to again regulate the ones which survive this shakeout.
I say “No to corporate welfare.” “
There are other issues your friend ignored though, the American people were also asleep at the switch.
We’ve allowed idiots in congress to ignore, and in too many cases, be a part of, this mess.
Look at Charlie Rangel! He’s going to get a slap on the wrist and get re-elected for his misdeeds!
And now, we’ve allowed the govt to get so entangled that we can’t get out of this by merely punishing the bad guys without cutting our own throats.
This is why we hear these bast@rds like Chucky Schumer say it’s “complicated”.
(Yet another @sshole that’ll get re-elected.)
We continually hear from the left and bambi that everyone deserves a piece of the AMerican dream and so forth...
recently I heard somewhere is going to allow a failing grade oin school to be set at 50%
50% !!!!!!!!!!
We tolerate failed govt schools we tolerate failed liberals in govt...
in essence, we’ve become a country that tolerates failed liberalism.