Wednesday, September 24, 2008

... pssst! Hey taxpayers, want to buy a bridge?

Watching the testimony and questions from Congress on this Trillion dollar bank bailout.

The CNBC talking heads keep pitching the bailout as an idea that should make the taxpayers money.

Should? SHOULD!!!!!

Time for a reality check here people. We are in this very mess because some "really smart" CEO's from the BIGGEST financial institutions in this country agreed to deals that they were convinced "SHOULD" make them money.
THEY DIDN'T !!! In fact several of those companies have ceased to exist!
The Government (taxpayers) making money should have nothing to do with this decision. As these very companies have proven, we stand just as much chance of LOOSING money on this deal as making it.

These companies are now holding a gun to "the head" of our economy and we find ourselves forced to bail them out. Again (see S&L Crises of the 80's). The only way we should fork over this nearly TRILLION dollars to cover their bad investments is if some of those involved are sacrificed. Jailed. Shot. Something.
We need there to be REAL, negative consequences for willingly putting the country in such dire straights. This is the only way we can avoid having this happen again.

BTW ... if one were to accept the idea that the U.S. Government should loan money we don't have based on possible profits to the taxpayers ... there are probably much more profitable and much less troubled industries for "the Taxpayers" to get into. Like the oil industry for example.

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