Does this surprise you?
According to one GOP lawmaker, some House Republicans are saying privately that they’d rather “let the markets crash” than sign on to a massive bailout.
“For the sake of the altar of the free market system, do you accept a Great Depression?” the member asked.
Those internment camps are looking better and better by the day.
7 comments:
Actually, part of me agree with them.
If the guys on Wall Street get rescued, they are just going to do it again. In fact, they did it before, in the 80's with the SNL scandals.
$700 billion in taxpayer money ought to go into taxpayers, not banks and to the people that created this mess.
Its not so much on the alter of free market, but not rewarding greed incompetence and criminal behaviour.
Like Bill Maher said last week, its like Christmas morning - the financial barons and derivatives traders on Wall Street went to bed on the brink of literally losing everything and dragging the economy down with them and awoke on Christmas morning, with their credit cards, mortgages and car loans all paid off - by everyone else.
If that isn't intensive to do it again, I don't know what is?
I say screw em, let them fail, all of them, and help individuals ride it out, so next time they won't pull this stuff again.
I agree with the comment above. Let's save the taxpayers and allow the free market the correction it has needed for 30 years.
What happened to Reagan's Trickle Down theory? Maybe he really meant Gush Up? Why is it always the little guy bailing out the big guy? Can't the fat-cats hold another fundraiser, surely they they want to help America...yah right.
I'm just happy that I convinced my wife of the need to move her funds out of the US 2 years ago. I don't know squat about money matters, but I can read, luckily.
Osama = 1
Bush = 0
Let's save the taxpayers and allow the free market the correction it has needed for 30 years.
What free market? The plutocrats read things like this and laugh.
Mike sez "they are just going to do it again. In fact, they did it before, in the 80's with the SNL scandals."
Mike, this is uncalled for. The only reason you're bringing this up is that John McCain was one of "The Keating Five" that tried to protect Lincoln S&L from federal regulators (a short time before Lincoln collapsed). BUT — and this is an important but — John McCain didn't stick his nose into the Lincoln problem because of any lobbyists. No sir. He stuck his nose into that one cuz Cindy & her daddy were mixed up with Mr. Keating. Nothing big, just $360,000. http://en.wikipedia.org/wiki/Keating_Five
So, Mike, BACK OFF!
Sorry seer, what was I thinking, being mean to McCain. I hear he was a POW or something...
What free market? The plutocrats read things like this and laugh.
Some play fiddle, some laugh. It's all good.
I agree as an American. No bail out for Wall Street thugs and ruffians!
Baldwin-Castle 2008
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