Wednesday, October 15, 2008

Big Bailout is Bad

Here is an article explaining why the government's bailout program is AGAINST the people:

Rescue for the Few, Debt Slavery for the Many

My view? Let the big banks, insurance companies etc. go bankrupt. If they took bad decisions, it's time to bear the consequences. They say in this case the whole economy would crash and people would suffer. I say not necessarily, if the government would help the little people pay their mortgages with the same money (or even less!), instead of giving it to the big banks. And BTW, the economy will crash even with these "bailouts" (just maybe a bit later), and it will even be more painful!

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