Submitted by BillB (not verified) on October 1, 2008 - 8:04am.
Wall Street Credit Markets Seized, Money Funds Stopped Trading, Collateralized Debt dead in the gates, Major Investment Banks running for Cover...Wall Street Collapsing in Crisis...begging for an infusion of cash....from anybody. While at the same time, It's been estimated that 75 percent of America didn't overbuy, paid their bills on time, and lived within their means. These same "good" Americans didn't earn knock your socks off Wall Street Salaries, and probably didn't own a "no nothing" loan for an extra beach house. Instead, in the end, they weren't even asked for their opinion, they were just told that they'd have to make sacrifices to "save" the greedy and guilty to "save" themselves. In the end analysis, it depends on your "point of view", the "uneveness" with which the crisis has been managed, and your sense of "outrage", however the majority called it what it was, a Bail-Out.
Bailout or Rescue?
Wall Street Credit Markets Seized, Money Funds Stopped Trading, Collateralized Debt dead in the gates, Major Investment Banks running for Cover...Wall Street Collapsing in Crisis...begging for an infusion of cash....from anybody. While at the same time, It's been estimated that 75 percent of America didn't overbuy, paid their bills on time, and lived within their means. These same "good" Americans didn't earn knock your socks off Wall Street Salaries, and probably didn't own a "no nothing" loan for an extra beach house. Instead, in the end, they weren't even asked for their opinion, they were just told that they'd have to make sacrifices to "save" the greedy and guilty to "save" themselves. In the end analysis, it depends on your "point of view", the "uneveness" with which the crisis has been managed, and your sense of "outrage", however the majority called it what it was, a Bail-Out.