MoroseMax

The Market Cannot Fix the Financial Crisis By Itself

Flaws with the bailout:
- No plausible explanation of how it will actually improve things.
- Punishes those who lived within their means.
- Banks were never _forced_ to make these bad loans, they failed to exercise due diligence.
- The next crash will be in credit cards. Nothing in the plan addresses that.

The govt. should be making the same kind of deal that Buffett made with GE and GS.

Robin Hood in Reverse: In Defense of the U.S. Taxpayer

There is no reason to blame the borrowers. The fault lies entirely with the banks who made the loans. They were the ones who had money at risk and thus should have been the most diligent in determining the terms at which to loan at. They failed to verify the quality of the buyers, and the collateral which is their job and so they lose their jobs. End of debate.