Skip to main content
No. of Recommendations: 18
Can you please explain to us simpletons* EXACTLY what the problem is, sparing the hyperbole of "another great depression", "credit freeze", etc?

We've been told "This MUST be done immediately" - although it hasn't been, and yet the world is still here.

We've been told "This is NOT a Bailout" - and yet the apparent benefit is for the banks who made stupid lending decisions and bought financial instruments they didn't understand (CDS).

So far to me this appears to be a breathless tempest in a teapot, and I await convincing that I am missing something here.

Thanks,
Corbetti

* when I say simpleton, I should note that I have an Undergraduate degree in Economics and Finance, and an MBA from a top 20 school - both with very high GPAs.
Print the post  

Announcements

This is a Politics Free Board
Politically charged posts are not permitted on the Metar Board. If you make a political post, and it is alerted, the post will be removed. Thanks!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.