Message Font: Serif | Sans-Serif
No. of Recommendations: 0

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 -_-
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.