Replies

You are hallucinating. Yes markets are self correcting but you just might not like it when depressions, bread lines, communal violence, racial riots and wars are part of that self correcting

One problem with the bailout is that is sends the message that there is a power that will make all your hurts whole. And its name is government bailout. We've seen the most ridiculous applications for money, but it makes sense that if the big players can get a reprieve, why not everyone else? The anger will be very great when not everyone qualifies for that kind of handout and the squabbling over who got a bigger piece of pie starts.

We are probably going to get everything you mention above, but would it have been worse if the big players had been left to fail? At least then the suffering would have been distributed fairly. I think that would count for a lot. People can pull through hard times and they have many times before. Fear of the hard times to come shouldn't drive us to give up on our best ideals.