They can’t stop it by robbing the taxpayers. We’re going to get it now AND later. Don’t forget, in 2017 (only 9 years from now) they say Social Security goes bankrupt too when there are no longer enough workers to provide for the retiring baby boomers. That’s $25 trillion in unfunded liabilities coming due.
Just say no to the bailout! Some Wall Street firms will have to file chapter 11. Some will merge. Some will be bought out. Hell, Wall Street as we know may fold up their tents and re-open on the Internet, reducing their costs by 75%.
If we send a down payment of $700 billion to Wall Street, we’re pouring it down the drain! We cannot use the treasury to prop up fools and idiots!!
These guys are like mobsters who are guaranteed no prosecution, no asset recovery, restitution for the cars they busted up in their heists, witness protection and a government job under a new identity all for advising the government on how to make being a mobster illegal.
Greater minds than even ours :-))) also have said that McCain had better NOT support this proposal - it’d be a contradiction of everything he’s been saying about the situation and his philosophies on solutions. I SO hope he’ll think, think more about the gravity of what he says and does before shooting from the hip as he’s so wont to do. On one hand, it (i.e., town hall meetings) shows his honesty and integrity; on the other, it can be (more) cannon fodder for the Dems/Left.