I too disagree Doctor. Now that the Federal Reserve and the Treasury have made about one trillion dollars available for long and short term loans to financial institutions, why can't these banks just - borrow- the money to regain liquidity, and omg pay it back? Why leave it to the taxpayer to save the bacon of the wealthy investors by purchasing at an inflated price their depreciating assets?
This is a game of chicken plain and simple. A scam. --- In FairfieldLife@yahoogroups.com, Bhairitu <[EMAIL PROTECTED]> wrote: > > I disagree. We have an opportunity to wipe out the 1% that owns most of > the wealth. We should NEVER have allowed so much power in the hands of > so few. Bailing them out will just make us more miserable than any > depression imaginable. But if you are into ass kissing the very rich > in hope they'll throw you a few crumbs then go ahead and be in favor of > the bailout. > > Isn't it interesting that the Bush administration has been saying for > months that the "economy is doing fine" and in the last week they've > been running around like chicken littles saying "the sky is falling." > Seems that the "free market" is fine as long as it makes them money and > not when it doesn't. Can't have it both ways. Let their "free market" > have its course. > > Peter wrote: > > People may dislike the bailout, but if its not done, the market correcting itself on its own is going to create a lot of financial suffering that the average Joe in the street won't expect. I'll take socialism over a depression any day! > > > > > > >
