Necessary Bailout?

from JoeUser Forums

High powered traders and investors are the most consistent proponents of small government; that is, until Wall Street panics as it is doing now over the market’s current instability. They are crying for the Federal Reserve to pump liquidity into the coffers of irascible investment banks that have caused the problem with its reckless loan procedures. Why reward such irresponsible policies whereby so many in the thousands if not millions are losing their homes? Well, that’s precisely why the Fed has to bail them out to cover the immense loss hovering over the housing market which needless to say is virtually the anchor of the economy because of its wide spinoff. What do you think?

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9,605 views 4 replies
Reply #1 from JoeUser Forums Top
The feds did in fact act to a degree.
Reply #2 from JoeUser Forums Top

There are no atheists in foxholes.

Now you have done a fair job of describing the situation.  What do you thik is the reason and how do you think it should be fixed?

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Reply #3 from JoeUser Forums Top
Well, back in Reagan reign, they bailed out the S&L with our tax dollars. So nothing is really new.
Reply #4 from JoeUser Forums Top

they bailed out the S&L with our tax dollars. So nothing is really new.

Is that why there are no S&Ls today?