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it's just wrong. How can we have a "free market" when every time the shit hits the fan, the government bails the players out. I mean, where is the risk? Life is gamble, busniness is a gamble, but these boys play fast and loose and when they get burned, they don't get burned because Uncle Sams comes to bail their asses out of trouble.
For that matter, I have a mortgage, I never asked anyone to buy it from the bank I asked to loan me the money. I mean, if they get their debt erased, why do I have to hold the bag and pay for it, plus keep my own debt and pay that off as well? How come they made it so that if you get stupid with your credit card, you cannot file bankruptcy so easily anymore, but big business can do something as stupid as bundle interest only home loans and sell them, and THAT's okay? Which is worse, a kid fresh out of college abusing his credit or a MBA who damned well knows better showing Aces and betting the shit out of them?
Furthermore, if we can come up with 500 BILLION (Dear God what a number) for banks and investment companies that pay their CEO's and other top executives salaries in a year that I will never make in a lifetime, why can't we have Universal Health Care.
I mean, this is the ultimate FUCK YOU to the working people of this country. They did this shit. They lied, they cheated, and they stole, and a lot of them got rich, and now I have to bail the ones who came in too late to get rich, so they don't go tits up??? WTF????
While I am on my rant, even scarier is the U.S. government taking over huge percents of these companies. Doesn't a lot of government owned corporations sound a little communistic to anyone?
Anyway, it's a bitter pill and I do have a dog in the fight because my retirement (which at one time was a pension) is now based almost entirely on a 401K, so I should benefit. It still seems shitty to me though.
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