Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Rose who wrote (138318)	9/23/2008 4:51:36 PM
From: geode00	Read Replies (1) \| Respond to of 173976

There are memos circulating through the financial industry on how to pile as much bad debt as possible onto the US taxpayer with this bail out. I don't doubt that the economy is in bad shape but this kind of bailout, throwing good money after bad and letting the system pile on the kitchen sink and walk away clean is not the answer. This is too much like the beginnings of the Great Depression or the endless banking problems in the Japanese Economy. If people really believe in a free market capitalistic economy then let the ones on the bleeding edge of this FAIL. Take the $700 billion or $1.6 trillion and use it to keep the actual economy going, not save the paper one. It's absurd that this is only concentrating on investors instead of the actual mortgage holders since they are the ones at the front of this problem. This pays more attention to foreign investors than American borrowers. Lehman went bankrupt and the economy is still running. If GS and MS went under what would happen? Would Wells Fargo and BofA stop lending money to businesses? They might anyway. What happens if the industry comes back for more money after the $1.6 Trillion or $700 billion goes poof? How's that for confidence boosting.