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Investing/Strategies / The Paulson Plan
|Subject: Re: To all those against it...||Date: 10/29/2008 12:36 PM|
|Author: SockPuppetMan||Number: 1549 of 1568|
I am in total agreement with you that this "bail out" is very distasteful and too large a portion of it going towards bonuses for heads of corporations that F'd up is totally wrong; however, imho, it is required. It was not structured in such a manner as to be 100% in the tax payers favor, as it should have been, but the consequences, to the world, of taking no action is even worse.
If the U.S. was to default on these obligations, something the U.S. has never done, that would send absolute shock waves through the market that makes the market volatility we have now look like a calm before the storm.
I agree with you, they shouldn't be rewarded for their F-ups but neither should we punish the world financial markets by taking no action.
-_- Alex -_-
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