Re:The best description of the fed bailout
by chaostheory on Wednesday September 24, 2008 @12:01PM
(#313653)
that doesn't mean that what worked for Sweden wont work for the US. besides just in terms of common sense you don't just give someone money without being able to measure/keep track of anything along with a sizable return on investment
without any oversight whatsoever, a certain someone can technically go off to Mexico with 700 billion multiple times without anyone else knowing why or when
free markets self correct; if you're going to interfere with it since everyone has pain why not just bail out everyone then and not just Wall St? - hell even the auto makers need bailing out now
As for the bailout being a "scam", would seem to suggest that someone is flying off to Mexico with a bucket of cash. The reality seems to be that everyone is in for some pain. Companies have gone under, people have lost their jobs, and if the government doesnt act, its going to get worst.