Wednesday, September 17, 2008

Is anyone else around here getting tired of all these government bailouts? First Bear Sterns, then Fannie Mae and Freddie Mac, now AIG. Here's an idea. We have a free market. Let the companies fail. When weak companies fail, better companies get stronger. That's how it works. Or rather, that's how it should work.

Instead, the government is taking my money and your money and giving it to companies who made bad decisions. Does that sound like something that you'd have the opportunity to to do? If you went bankrupt, would the banks be fighting amongst themselves to give you loans? I don't think so.

Let the companies fail. If it has to get worse before it gets better, then so be it. As it is, it's just staying bad with no end in sight. If the weak companies fall away, then it will get better.

It's time to take our collective medicine for all the bad choices made in the last 10 years. Buy a house with no money down? Only pay the interest in the loan? Sometimes don't even pay that much? What could go wrong? Everything! Just as anyone with any sense knew.

3 comments:

Plang said...

Amen, brother! Amen!
Testify!

Plang said...

Now AIG. That puts us close to $800 billion so far this year for bail-outs. $800 billion we didn't have to start with...

E said...

We all own a bank now! We should be happy!!!!!!!