What is, is, though I gotta tell ya, there's a part of me (the socialism-loathing part) that's glad it went down in flames. If private industry companies make bad decisions that lead to their failure, neither you or I should be on the hook for it. Yes, it's waaay more complicated than that (I can proudly say that I saw the sub-prime mortgage mess coming on years ago), and yes, in this case those companies were nudged into making some of those decisions by insane Bush economic policies/practices, but nudged with a fingertip. I want to say let the financials fail. Let the market crash (and yes, I have stocks in there). If that's what it takes to get back to sane economic practices, bring it. But of course it can't happen that way. I can't really say those things because too many people would feel the hurt too deeply. As the web spins out, too many guiltless businesses and industries would be adversely affected. My only hope is that whatever measures are taken, they do not stink of socialism.
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Date: 2008-09-29 08:49 pm (UTC)