Bailout Bombshells

[ravan]

The more I read about the details of this fucking bailout plan, the less I like it.

Yeah, if there's no bailout, the markets will crash, and the world will be very unhappy. BUT, any bailout will just reward the very people who've fucked us all over for years, with fantasy investment products and phony paper

Comments

[herbmcsidhe]

Good piece on this at http://therandirhodesshow.com/index.php?/archives/88-Monday,-September-22,-2008.html

[siliconshaman]

Damned if you, damned if you don't ... if they don't bail out the markets then the economy melts down and that's it, game over for civilisation.

If they do bail out the markets then they're flushing $2.5k per person down the toilet .. and the global economy will still crash, just not right now... but when it does it'll be longer and harder and the recovery will be that much more difficult.

So, it figures that Bush would choose option 1, and hopefully pass the blame to the Democrats when the shit hits the fan. Of course, it might well crash even before he can scurry off to Paraguay in Jan/Feb 2009.

[heethen_crone]

Nice if they would attatch several strings to their bail out but it ain't gonna happen. Who would bankroll their re election campaigns. Oh, yeah, Us. Again. I think they should attach personal properties and accounts to help pay off their debt. Have more than one house? You can only live in one at a time. We'll take the rest and sell them at tax payer's auction. How many cars can anyone drive at once? One. Pick your fav, we're taking the rest.