The View From 1776

Thought For The Day -  September 25, 2008

Whether the proposed $700 billion bail-out for holders of troubled loans is a good thing is almost impossible for those of us in the general public to assess.  We do not have all the information available to the Treasury and to the Fed.

A large portion of the public, however, condemn the bail-out on the grounds that we should let the financial markets collapse to punish the Wall Street titans who created the mess.

That’s rather like damning the fire department for struggling to save some of your home when it’s in flames, demanding instead that the firemen pursue the purported arsonist.

Posted by .(JavaScript must be enabled to view this email address) on 09/25 at 10:53 PM
  1. That is a good point about the fire department, that it's duty is to save properties and not chase after arsonists instead. However, I am glad the chief of the fire department, Mr. Bush, is ending his tenure soon because he has been a lousy chief and negligent in his duties, allowing the fire department to deteriorate and fall on hard time.
    Posted by .(JavaScript must be enabled to view this email address)  on  09/26  at  12:41 PM
Commenting is not available in this channel entry.