Saturday, September 20, 2008

OK, Here's Something I Don't Quite Get....

TheNeverEndingStory
BigBankerBailoutVille



Seriously.

I honestly don't get it.

If the banks are going under because they are holding a whole bunch of bad loans that the citizenry (ie. the folks with all those mortgages on houses whose value is plummetting) can't pay, how is giving them, the banks I mean, a whole bunch more money to blow going to help things in the end.

I mean, sure, the markets will stabilize for awhile and all that.....

And maybe even more importantly, at least for the merchant class that made all these bad things happen in the first place (ie. not the folks holding the actual mortgages), the golden parachutes will keep opening.....

But here's the thing......

When all is said and done, even if the banks pull through, won't there still be a huge chunk of the citizenry staring at mortgages they still can't pay?

And won't that, ultimately, start the whole thing all over again (particularly as more of the bad guys' big bundles of booty come undone and more bad loans are discovered sitting in the safes of all those banks that used to hold the gold that was removed to thread all those golden 'chutes together)?

So, given all that, here's a thought.....

Why not give the money to them instead.

The citizenry, I mean.

And let the fat cat bankers chips fall where they may.

(ie. where we can spit on them)

OK?


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Or, put another way, why should we, the people, pay to help the Mr. Potters of this world win for no good reason at all?

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