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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (54208)	3/17/2008 11:44:50 AM
From: slacker711	Read Replies (1) \| Respond to of 542763

The consequence is the debasing of the American dollar. I doubt the dollar would be doing better if Bear Stearns had filed for bankruptcy on Friday morning. Slacker

To: Steve Lokness who wrote (54208)	3/17/2008 12:16:18 PM
From: Bearcatbob	Read Replies (2) \| Respond to of 542763

" entering into the bailout of Bear Sterns? " Well - I doubt the shareholders or employees of Bear Sterns feel like they have been bailed out. I suspect a more accurate term would the American people have been spared a financial panic. As for Goldman - I do not know the details. I do know in prior things like this a profit was realized - eg Chrysler. As a general statement I am firmly against corporate welfare. Shareholders as they should are taking the hits. Remember - a corporation also consists of people - when vengance is taken on a company - who feels the pain?