Thread: The BIG Bailout
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Old 2008-09-26, 11:38 PM   #16
elKabong
And Lord, we are especially thankful for nuclear power, the cleanest, safest
energy source there is. Except for solar, which is just a pipe dream
 
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Join Date: Aug 2008
Location: Kansas City
Posts: 225
Unfortunately bailing out Wall Street is something we're going to have to do even though we'll have to do it while holding our noses because of the bullshit smell.

If banks don't grant credit due to fear of losses then business' will collapse, which causes the economy and the stock market to collapse, which causes unemployment and loss of wealth...

The normal reaction is to be angry and want to punish those that got us in this mess, but unfortunately punishing them will start the dominoes falling that will eventually hurt ourselves even more. Bailing them out is a tough pill to have to swallow, but it's got to be done, the details just have to be worked out.
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