3 ms·
There is no good alternative. The bail out is a band aid. It will keep markets and consumers "happy" and blinded for a short period of time. If that bill passed
by agotterer 18y ago
There is no good alternative. The bail out is a band aid. It will keep markets and consumers "happy" and blinded for a short period of time. If that bill passed you would have saw the stock market go up today. Thus restoring temporary faith in the market and economic system. Then we will have to fix the underlying problem or you will see it fall right back to where it was and keep falling.
I'm not in favor of footing the bill for mistakes these financial institutions made. But if we don't help them out it will continue to trickle and things will get worse. But we may help them out and things may get worse anyways. We are in some big trouble and its not even close to over.