Bad Idea, Say Perfessers

[JAMESBJOHNSON]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNKGD.bJwmRA&refer=home

 

[jomar]

I'm no economist, but I was sort of wondering myself why the huge push to get it done before happy hour on Friday. Seems like the idea that something would be done would have a bit of a calming effect.

 

[JAMESBJOHNSON]

JOMAR

I think Americans are fed up with special treatment of the rich & poor. I suspect lotsa people believe a bail-out will enable banks to lend 100s of billions to the same deadbeats...at 30% APR, of course.

 

[elsol]

It's really rather easy...

Let's see I'm in a bad spot... the government steps in and fixes me at essentially NO COST to me... what's the lesson learned?

"If you fuck up, make sure you'll take everything and everyone down with you so the government will have to bail you out."

Nothing is going to be done to fix the core problem!