hooligan

Alternative Bailout Plan: Good and Bad Ideas

This is getting pretty tedious. A recovery in the stock market on news that politicians come up with a deal that targets no-one but the people who caused the mess in the first place. World leader (also politicians) screaming for american politicians to pass the bill, as if they have any business interfering in the sovereignty of another nation or have any idea what the bill is targeting. Make no mistake, a guarantee by the government or a mark to whatever I please accounting switch is tantamount to tax-payer lending money (via a deposit placed with a bank) and then saying "hey I guarantee that you will pay me back my own money" ..what a crock. Of course, politicians are way too smart to see through that one. That is what the markets are for. Markets kill off malpractise, systematic abuses and false prophets and create new ones that are better and fairer. Ignroing the market forces correctly stating vlaue is pure communism. Who on earth gave a bunch of soon to be has-been politicians the right to pledge tax-payers own money for what they have already earned?