
Originally Posted by
TheDeSade
All good observations on this situation. What it basically boils down to is a bunch of legislaters removed all the controls and regulations governing most of the financial operations in our economy all the while touting how the free market capitalistic system would rebulate itself and self correct as it went along. Well, greed and avarice reared its ugly head and now the system is trying to correct itself and the same bunch of politicians are working their asses off to save the financial tails of the same bunch of greed ridden individuals who were in charge of the financial system in the first place. Instead of letting the system self correct, they are going to step in again, patch it and be damned who they hurt as long as their old boy network keeps enjoying the same set of class distinct privileges.
My two cents worth. Let the system work. Let the bankruptcies happen, let the liquidations commence. It will hurt, it will set our economy back, but in the end, it will correct the problems and point out exactly what needs to be done to properly control the situation in the future.