Let us burn. Maybe we'll be better for it.
Bailout
Let the Market Work
Re: BAILOUT: Yes or No?
Let us burn. Maybe we'll be better for it.
"That rifle hanging on the wall of the working-class flat or labourer's cottage is the symbol of democracy. It is our job to see that it stays there."
-Eric "George Orwell" Blair
"If the policy of the government, upon vital questions affecting the whole people, is to be irrevocably fixed by decisions of the Supreme Court...the people will have ceased to be their own rulers, having to that extent practically resigned the government into the hands of that eminent tribunal."
(Lincoln's First Inaugural Address, 1861).
ΜΟΛΩΝ ΛΑΒΕ
Re: BAILOUT: Yes or No?
What Lemur and Tuff said. Let it burn and if we have half the mettle we boast, let's wait and see what rises from the ash.
Re: BAILOUT: Yes or No?
That which does not kill...Originally Posted by TuffStuffMcGruff
I'm leaning towards the no-bailout side. There's too much coming down the pike to blow our wad now. Once the mortgage securities are dealt with, what's next? IIRC, there is approximately $700 billion in securitized credit card debt. Ford and/or GM may bite it soon, they are already asking for loans. State and local governments are struggling.
Plus, we are going to need this money to build a wall big enough for all the backs that need to put up against it.
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