I understand why American taxpayers who are actually paying attention to what happens with THEIR money would instinctively be angry.
As a Milton Friedman disciple, I’m inclined to say let Darwinian rules apply and let the chips fall where they may. Once the mushroom cloud settles, we’d all be better off.
That’s easier said than done. This is not about the EEEvilll Wall Street folks. You’ve all seen the video about the egalitarian social engineering leftists who got us into this mess by pressuring banks to loan money to the homeless (it’s right there on FR when you log on).
There is plenty of time to sort out who caused this mess. There are plenty of villains.
It’s all fun and games until you can’t get a home, car or business loan. Than it hits Main Street.
I have local banks asking me to take credit cards, one today, and the husband took out a signature loan last week over the phone.
I am still ticked... I would like a tax break. And I think the bail out, yes bail out is just wrong. Heard some dude today and he is so right.... how the heck can government do an effective job at selling houses??????????????????
Ohhh teh noes!! I can’t live off of credit anymore!!!
Ohhh the horror!!!
I much prefer to see Gingrich's proposal given some consideration (although it looks like the SEC is sort of addressing a part of it now). It seems that it would offer the market the tools the get out of this while not dumping 'toxic debt' on the taxpayers - the companies would have to deal with it, and setting up the market for better long-term performance by addressing our corporate tax rates, putting us on a more level global playing field.
With so much new money in the system this year, inflation will be on our heels in no time.
If your credit is good, you will be able to get credit.
Stop talking nonsense.
And you think this bill is just about 700 billion and that’s it. No additional oversight of government into capitalisms gears? This is a tool, pelosi and reid have the levers. They want influence over evil wall st....and your main street....and everything in-between. You’re fooling yourself if you think this will:
a.) change ANYTHING in regards to medium to long term market reaction
b.) bring stability to “MAIN street”
c.) be the end of US tax-payer pack animal extorsion
Who came up with this ‘main street’ garbage term anyway in regards to this mess? It’s annoying!
Goodbye Senate Republican RINOS. Don’t let the door hit you where the sun don’t shine. You’re gone.
We Americans are tired of your polictical bs.