A Quick Thought On The Mother Of All Bailouts

Posted by Jeff Pruitt - 9/25/08 @ 2:12 am - Filed Under National Politics, Uncategorized

A group of prominent CEOs and their investors raked in all the rewards during the mortgage boom but now that the risk has showed up we’re supposed to take that off their hands? Typical “free market” economics.

If a company can get “too big to fail” then the government might want to consider not letting that company get that big in the first place. Or they could always just let it fail. But they can’t have it both ways…

Comments

2 Responses to “A Quick Thought On The Mother Of All Bailouts”

  1. Mike Sylvester on September 25th, 2008 9:02 am

    Jeff,

    It is “socialist” economics and it is absurd.

    You are right, we cannot have it both ways; yet, Congress continues to do it over and over regardless of Party.

    Mike Sylvester

  2. Bobett Kelley on September 27th, 2008 9:47 pm

    Lets reduce the mother ship of government bail-outs…reduce spending, and allow free Capitalism.

    Let’s reduce spending and the over load panic…will shrink. May we all be patient, and remain calm.

    The Markets will work out and Main Street will adjust too. Everything goes up and down, just like the climate changes.

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