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Old 10-08-2008, 02:02 PM   #10
BleedBurgundy
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Join Date: Feb 2004
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Re: The Official Presidential Debate Thread (Round 2)

Quote:
Originally Posted by Sheriff Gonna Getcha View Post
What's the better solution? Allow Wall Street to totally implode and watch as we enter the Greatest Depression?
Sorry, I don't personally believe that the government's role is to act as a mortgage lender. And... screw Wall Street. And Main Street. If you choose to *risk* your company's assets in shady, fundamentally poor investments and it comes back to bite you in the ass, that's on you. If you choose to *risk* your financial well being and purchase a home you cannot afford, that's on you. Everybody loves free/cheap money/assets but nobody wants to be responsible for their piss poor decision making. My own view is, let 'em fail, there will be a vacuum formed and new business will rush in to fill it. It may take time but I truly believe that would be the best in the long term. The way we're currently going, no one is going to learn ANYTHING from this mess. Everyone who screwed up and put us in this situation is going to get bailed out at the expense of everyone who was responsible. That's fucked up.
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