Not Ranked
There is NO DOUBT that there will be dire consequences when credit dries up (as it will and already is doing). And lots of folks will get hurt. But to let these SOB's off the hook when many should be pounding rocks in prison is a sorry alternative. Even if they bail them out, there is no assurance the problem won't pop back up down the road. I had friends who got bailed out by their parents everytime they screwed up. Some of those folks spent time in prison. Thats what happens when people do not face consequences for their actions.
Once they (Wall Street) are bailed out, they will always know Uncle Sam is there to insure the risk. So it will only get worse.
Take the medicine now.
Mike
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Happy to be back at Club Cobra!
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