Originally posted by: LegendKiller
Originally posted by: Perry404
Originally posted by: LegendKiller
Originally posted by: nullzero
We are screwed big time... Great Depression #2 here we come... History repeats itself.
People wanted this. They screamed "bailout is wrong, let 'em fail". Now they might actually learn the lessons our grandparents learned. There's nothing great about a depression, other than it sucks for everybody.
We're leading the world into the pits.
Bullshit. If the banks and investment houses had to worry about repercussions they would have been more responsible and proactive to begin with.
Instead there are no repercussions and therefor no accountability. What me worry? The government will bail us out!! Yay!
I assure you the owners and ceos are not suffering in the slightest when the business fails. It's the taxpayer and the small investor who foot the bill.
Yet more "free market" bullshit. This has nothing to do with "responsibility", as taking advantage of situations and hoodwinking the vulnerable, will always happen, regardless of the "repercussions". Irrational exhuberance is a human trait.
This shouldn't have happened, and wouldn't have, if the fucking morons in Washington hadn't removed so many regulations and, instead, had beefed them up in appropriate places.
However, the cows are out of the barn. We can let the whole system fail to spite the fact that somebody left the door open, or we can try to corral them and try to mitigate future failures.
Ignorant people are too willing to let the system fail because they don't understand the repercussions themselves.