REal broker

Bailouts: Misunderstanding the Moral Hazard

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Bailouts: Misunderstanding the Moral Hazard

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Bailouts: Misunderstanding the Moral Hazard

This issue of a "moral hazard" needs to be put in its proper perspective. America is built on the blood, sweat, and tears of its aprox. 300 million citizens. We have been a great society at times when we all contribute 110% of what we have based on our skills, blessings, and talents . The very reason this country has existed for so long is the moral bond that up to this point transcended our political and social differences. When this country is truely threatened we bond together to eliminate the threat, and move on. Even though we have great differences in our polical and social beliefs, we recognize that preserving this country in times of crisis is our prime directive. Once we have eliminated the crisis, we go back to our "regularly scheduled programming" of argueing and disagreeing about all the things we normally fight over.

The problem with this "bailout" as proposed by Wall Street is that it looks like they are BAILing OUT on the rest of America, it appears they are saying see ya to the rest of this country who allowed them to be at the top of the food chain to ensure the financial security for all of America. The moral crisis now exists because for the last several years, a very large portion of the America has been experiencing a recession while Wall Street claims all is well, and in their view IF some parts of the country are in trouble, oh well, we are not socialists that's just the way capitalism works. Now the recession is knocking on their door, and all of a sudden, they want a socialist bailout. And to add fuel to fire Paulson arrogantly comes begging for a bailout, and then has the gaul to insist that if the bank execs. don't get the compensation they want, well then they just won't participate...RU kidding me??!!

It's bad enough for Wall Street to turn their backs on their America after initially profiting greatly from pushing their cocaine (ultra low starting interest rate mortgages) on credit addicted Americans, which created this crisis in the first place. But to turn their backs when America needs them to do there share and step up to the plate (by investing in America and not overseas in this time of crisis), and assume their share of the responsibility I find appalIing. I can hear the Wall Street types claiming that we are capitalists not socialists and as such, we can't be held responsible, that's just the markets. To that I say yes, we are a capitalist society, AND yes, by the moral bond of honor, decency, and of course mutual self preservation, have created a socialist safety net for ALL. If this is really a crisis that needs our immediate attention, I say united we stand, divided we fall! It's either that or take your greedy a*ses to another country, pull these same stunts over their, and we'll be watching CNN when they take your money and hang your a*ses in the middle of some town square. The rest of America will survive as we always do, maybe just barely, but survive just the same.