Quote:
Originally Posted by JL8Jeff
This crap is ridiculous! My 401K is down 18% so far this year and that doesn't include today's wonderful performance. These giant companies that bought out all their competition and took huge risks should not be bailed out by my tax money! People who took out mortgages with interest only arms should not be bailed out! Banks that gave loans with a ratio below 28% should not be bailed out! This is BS that the risk takers are being rewarded while the hard working person keeps getting hit in the wallet to pay for everyone else's stupidity. Don't even get me started on healthcare.
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I agree 100%. If you mismanage your personal finances, does the gov bail you out? Then why are we bailing out these banks? Lehman Bros. 158 year old firm, down the tubes because of mismanagement and greed...and I am willing to bet the CEO, CFO etc. still get their millions and walk off into the sunset....I hope karma bites them all right in @$$, like it did to the Enron folks.....
Sometimes ya gotta bleed alittle bit...The more the gov't bails out these companies, the more you promote the behavior. "Oh, don't worry the gov't will step in and make it all good"....Uncertain times, for sure.