This is the second thread I’ve seen of folks not taking this financial crisis seriously... What gives? Some of you need a comedy break?
I think it's because many of us saw this coming a loooong time ago. This crisis is no surprise. And it's sad to see that Sen. Lindsey was surprised by this, and feels the need to all of a sudden scream bloody murder over this thing..... when we've been screaming bloody murder for a loooong time!!!
... Because people who have seen this play out and knew something like this was going to happen, are refusing to be stampeded into a government boondoggle and welfare handout just because "we need to do SOMETHING!!!! ARGHH!!!"
Read this: The Great Bank Robbery of 2008
The Paulson bailout failed in the House. If it isn't a death blow to the plan, it should be. This is not an economic plan: it is a heist. It will go down as The Great Bank Robbery of 2008. The economics behind it are nonsense. This is a money and power grab, pure and simple. Paulson's proposal made in broad daylight and on national TV! is almost naked in its audacity.
perhaps it's because, as others have said, we saw it coming. More to the point if it's not painfully obvious that the only reason Chicken Little (Bush) and her flock of chicks (Frank, Dodd, Blunt, and Pelosi) are still running around screaming bloody murder about the sky falling is because they know if there are many more failures the cover is going to come off all the nasty little deals that kept these insolvent companies floating this long.
Secondly, most of the people on here realize that if this recovery is aloud to run it’self it will A) come out much better than if the government screws it up and B) it will finally rid the US economy of a bunch of badly run companies that are dramatically over extended on credit. A country less depend on credit is not at all a bad thing.
Here's preying this drags out a little longer. A week or two more ppl will start to realize that the sun is still shining and maybe we don't need to spend 700 Billion and trash Capitalism to save the world.