The Mudcat Café TM
Thread #114861   Message #2454386
Posted By: Joe Offer
30-Sep-08 - 09:58 PM
Thread Name: BS: Kucinich on the Bailout - interesting!
Subject: RE: BS: Kucinich on the Bailout - interesting!
Well, yeah, the Chrysler bailout worked, and so did the Savings & Loan bailout. No doubt, this one will work, too. But as a result, people who made horrendously risky business decisions will harvest the profits without the consequences - and we taxpayers and small investors have to pay the price..

And in order for the rest of us to survive, we have to support the bailouts or risk economic collapse. Since the damage has already been done, we have to allow the fatcats to reap their profits. The time to fix this sort of problem, is before it happens.

-Joe-