John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jorj X Mckie who wrote (10043)	9/21/2008 2:34:41 PM
From: carranza2	2 Recommendations Read Replies (2) of 33421

My point....personally responsibility has to weigh in the equation at some point. These institutions made choices. They could have made other choices. They may not have been easy choices and would probably require them to not be at the top of the heap for a little while, but they could have survived for the long term. Personal responsibility is a fantasy in the 21st Century. I feel that our government has betrayed us. Crony capitalism and socialism for financiers is the order of the day. Wall St. has done more to destroy Main St. than anything else ever has. Fortunately for the policy makers and financiers who gave us this, the consequences will be not be felt immediately but throughout the course of several years, which is of course what they bank on. I think - I know - that I am not alone in feeling this. I am not by nature someone who feels like a victim at the slightest justification, but I do feel we have been collectively and serialy raped as a nation. There will be enormous social and political ramifications from this. Who knows what shape they will take, but they are coming.

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