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Is anyone asking what safeguards will be in place to prevent another financial disaster?

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Onlooker Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-08 06:47 AM
Original message
Is anyone asking what safeguards will be in place to prevent another financial disaster?
Edited on Thu Sep-25-08 06:49 AM by Onlooker
Wall Street is there to make money. The bailout programs provides the opportunity for lenders to have money to lend. As far as I understand, it does not change their lending practices or provide some sort of guarantee that the recipients of the loans will be able to pay them back. So, what will Wall Street do with the bailout? They will make bad loans and watch their stock values go up. Wealthy shareholders will sell that stock and diversify in safe and secure assets (such as real estate or gold). Then our economy will collapse again, but we'll be under such a mountain of debt we won't be able to do another bailout. The bailout is a disaster unless a broad set of regulations are in place to prevent Wall Street from abusing its economic power.
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-08 06:49 AM
Response to Original message
1. Nah, I think they're too busy planning the celebration party
for their successful looting of the rubes' treasury.
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HereSince1628 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-08 07:12 AM
Response to Original message
2. Channeling Jack Nicholson as McCain in -- A Few Good Regulators
Edited on Thu Sep-25-08 07:13 AM by HereSince1628
You sniveling surrender monkeys don't want regulation. You can't HANDLE regulation!

You hear a little bump on Wall Street and you can't sleep at night.

You have the nerve to question MY?! defense of YOUR Sacred 401ks????

You don't understand what it is to man the walls of capitalism and look into the eyes of the theiving commie leftists across the isle.

You've never been a P.O.W. to Lincoln Savings and Loan!!!!!!!!!!!!!

I wake up and drink my morning coffee within a thousand feet of the enemies of capitalism every morning!

You think I'd support a BAIL OUT???? Yer DAMNED STRAIGHT I SUPPORT A BAILOUT!

Cindy has a numbered Swiss bank account ready to recieve it!






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sinkingfeeling Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-08 09:09 AM
Response to Original message
3. Why the religious RW and Bush, Palin, and all other 'true believers' will ask God to prevent
another recession.
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