JPF Home Page Forums Stop The Bailout

Joe,

Assume everything you said was 100% correct. That simply makes the point even stronger to NOT bail out the banks and finance criminals who did all of this. Let them all collapse and give the investment money to healthy local banks who actually meet people face to face and give out valid loans for valid reasons. Instead, we're giving now over 1 trillion dollars to the very thieves who scammed us and the very idiots who fell for the scam. If you and I didn't fall for the scam, or get greedy by taking loans we knew we really couldn't afford or give out the bad loans in the first place, why should WE bear ANY responsibility. Someone's going to lose. Why should it be all of us who actually WORK and PAY TAXES that have to lose? Let the others lose. And if you invested in these bogus companies, then you lose your stock.. that's the risk of investing. We've lost 90% (and we're not even in the financial sector) and that's just the way it goes. I don't want to pay out even MORE on top of that loss.

We bought some stock today. It's already up 10%. That will start to chip away at our other losses. That's a free market. That's what we should allow to happen.

It's like the band-aid process.. rip it off fast for immediate severe pain.. or pull it real slow and agonize for a long long time over it. I prefer the quick method.

This bailout is the most evil and misguided scam that has ever happened in world history. Buying assets for more than market value (which is likely what will happen) lets the banks off the hook at our loss. If we buy these assets for what the market actually says it's worth, then what is the point of the bailout since the banks could get actual market value anyway. So the scam is afoot.

Brian