I really don’t understand the huge urgency behind bailing out Wall Street. These “Toxic” loans have been on the books for years now. The whole ‘crisis’ has been brewing for 30 years now. 70’s inflation busting, 80’s S&L debacle, the 90’s stock and Internet bubble, the 00’s housing and credit bubble. One bubble after the next, with no popping. It all boils down to the fact we need to start making things in this country instead of moving paper, flipping burgers, offering credit, and suing each other. That crisis can’t be fixed in 7 stinking days by the people who helped create this problem in the first place. We need a correction, not a bailout.
Why the rush?
September 25
2 responses to “Why the rush?”