gotnochips

Wall Street Breakfast: Must-Know News

1. Institutions that make loans must retain responsibility for the loans. The loans and the associated risks/rewards can't be bundled and passed on to other agencies for investment purposes.
2. Pass laws that make individuals responsible for their actions. For instance, people who borrow money should be aware they have to pay it back or there will be unpleasant consequences. Of course, people who borrow should be made to realize how the loans are structured.
3. NEVER allow solutions that are constructed at the expense of the people who are not responsible for the problem. People who faithfully make their loan payments should not be penalized for those who do not, just as people who exercise, watch their diet and weight, and take care of themselves should not be penalized for those who do not take care of themselves. Never reward the people responsible for the problem at the expense of those who were not.
4. Be grateful for high achievers in our society. Respect them. Appreciate them. They are the ones who invested extraordinary amounts of time, energy, treasure, and sweat that has resulted in our having so much, and they pay most of our country’s taxes.
5. Read ATLAS SHRUGGED.
Peter Bennett