dgiharris
Old Crusty Vet
Everyone ought to apologize for corporate welfare. You can believe,on faith alone, that some horrible fate would occur if politicians aren't allowed to prop up failed corporations if you like to, but I am not buying that prophecy because I do not believe in the honesty or objectivity of those that came up with it. From my perspective, insisting that only one course of action( the one they and their cronies profited from) could have staved off some looming catastrophe that we are just expected to assume would have taken place otherwise is simply the way a con man gets the mark to go along with fleeced.
the bail outs that occurred were necessary, and it wasn't opinion, it was hard core economic and mathematical fact. Without those bailouts, we would have been thrown into a Global DEPRESSION instead of a recession...
However, the one mistake that was made was that there was no purge. The leaders of every single political entity, regulatory entity, and corporate entity that enabled the tragedy of the whole housing market scandal should have been fired, fined, and imprisoned.
Instead, they were ignored and able to pawn the entire housing scandal off on a I think 3 or 4 scapegoats. That's right, TRILLIONS of dollars disappears from the US Economy and only a few people are to blame. NOthing to see here folks, move along....
the whole matter is so disgusting, I'm amazed the Public didn't literally grab torches and pitchforks and go hunting corporate bankers and Wall Street brokers...
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