by patience » Thu 09 Oct 2008, 19:33:54
If we take as a given that the banks are insolvent, and the general populace is, in the US and to some degree in other countries, near broke and in debt, there does not appear to be any good answer. We're broke. Period.
There is only one right answer, IMHO, which is to let the chips fall where they may. Let the banks go belly up, let the unwise consumers go belly up, and take the medicine. Any other answer will punish the innocent along with the guilty, sort of like some elementary school teachers did long ago--someone thrrew a spitwad, couldn't find out who did it, so the whole class gets punished. This seems to be the thinking of TPTB, save the banks, and let the little folks go to hell.
This thinking pissed me off in school, and it pisses me off now, along with the rest of the US, considering the public reaction to the infamous bailout bill.
Local fix-it guy..