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IAP Political Forum > Social Discussions > Business and Economics > Stop the Bail Out
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Author Topic: Stop the Bail Out  (Read 356 times)
Quarken
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« on: March 28, 2008, 11:27:29 AM »
This site has some pretty good arguments on the unintended consequences of the mortgage bail out.  If you're a bank, you should have known better; if you're a buyer, tax payers should not be insuring your bad decisions.

http://www.nationalbubble.com/stopthebailout/
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Buy a toaster, get an investment bank for free.

My EV prediction:  Obama 273 - McCain 265
OswaldTheOsprey
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« Reply #1 on: March 28, 2008, 01:31:41 PM »
On a certain level, there is some justice perhaps in what the site says. However, these problems rarely affect only the direct participants. Keep in mind also that this situation is an outgrowth of doing away with the Glass-Steagal law from the Great Depression.

OswaldTheOsprey

http://en.wikipedia.org/wiki/Glass_steagall
« Last Edit: March 28, 2008, 01:33:51 PM by OswaldTheOsprey » Logged
Urbi et Orbi
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