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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (268)	12/10/2013 1:58:33 PM
From: Kirk ©	1 Recommendation Recommended By Hawkmoon Read Replies (1) \| Respond to of 26512

True, but in defense of TARP, bailouts, etc. is if it cascaded into massive failures of all the support industries, the loss to the taxpayer would have been magnitudes worse. Of course we will never know for sure and we will never know if maybe allowing the crappy, flawed companies - often with union concessions made by insiders who got theirs and ran much like publicly elected officials gave away taxpayer dollars and promises for future pensions the taxpayers can't afford in exchange for money (cough... cough...) campaign contributions... - allowing them to fail might have allowed the economy to heal quicker and we could have been back on a growth path.... The trouble is THE WHOLE FREAKING SYSTEM is flawed with corruption with the hard working taxpayers in the middle footing the bills. I think the amount insiders at Google and Oracle pull out via stock options they give themselves since they control the vote is just as corrupt as former GM heads taking huge salaries to make promises to the unions they knew they couldn't keep and as corrupt as politicians and public unions taking more in pensions and early retirement promises than the public sector gets or can afford to pay.