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What Do the Bailouts Really Mean for America?

[but the big banks need to survive.]

Could someone please explain WHY?

IMO, there has been far too much consolidation in this industry and my feeling is we would be better off dismantling these banks into smaller pieces... although there may be good arguments against my position, I've yet to hear them.

[This group deserves bailout money... The second group does not.]

Yet it's the second group who's getting more assistance than the first, particularly on GSE loans.

[The new phrase would simply read, “Ask not what I can do for my Country, just tell me what my government entitlement looks like.”]

I had been very disgusted with what I thought was an entitlement philosophy of many Americans.

My current thinking is that it's not really entitlement thinking, it's capitulation. SO MUCH MONEY, and so much power flow through Washington, that it's perhaps natural to think that the federal governement is the backstop of the world. "You can't fight city hall" has become more like "You can't fight the White House [or Capitol Hill]."

Any time a dollar moves, a piece of it (often a big piece) goes to federal, state, and in the most egregious form of theft, to local taxes.

The only way left to fight back is to deal in cash. I'm seeing a lot more contractors, businesses, and individuals moving in this direction.

The Financial Crisis Explained

[There is simply no painless solution to this fundamental situation; prices must be allowed to fall. ]

You're wrong- dead wrong.

Crisis... what crisis?

Don't you understand that the bailouts and the housing legislation and the possible RTC II are going to help us AVOID a crisis?