Quote:
Originally Posted by BleedBurgundy
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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We are facing perhaps the greatest financial crisis in the entire history of our country; a crisis that could entail the collapse of thousands of businesses, the firing of millions of Americans, the break up of families, people going hungry, etc. and you're foremost concerned about punishing a few CEOs? Your opinion of the bailout shouldn't be based on a desire to punish bad businessmen, it should be based on a desire to make sure that the rest of us don't get hurt by their poor decisions.