Quote:
Originally Posted by AlienQ
What makes you believe it is fair for the American tax payer to pay off already filthy rich bankers? This Bail Out Plan does nothing for anyone cept provide money to a few already wealthy people. Its like saying oh man you lost your ass while gambling sao hey I know lets just give you more money to throw away.
However yes the market would correct itself, when Banks go Bankrupt other banks move in. Thats how Capitalist economics work. THere is money to be made in loans and other's that would be willing to buy mortgage loans that these FInanical GIants are desperatly holding onto hoping the government will help them.
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I never said I did think that the American tax payer should pay off the filthy rich bankers. I also never said that I approved of the bail out (as it is now).
However, the economy will not simply correct itself at the expense of the wealthy.