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Originally Posted by Rob Instigator
drawing $700 BILLION in future debt
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where do you get the notion that it's $700 billion? people keep tossing that number around, but it might be a more structured plan-- the last i heard started with 250 billion and added gradually more if necessary.
besides, i dont get this notion that we're bailing out "profits for the rich". the rich make profits whatever way the market goes-- the ones who lose big are middle-class investors with retirement plans, mostly-- people who otherwise wouldn't depend on social security to retire. im all for fucking up the parasytes-- but a healthy economy depends on a system for people making reasonable bets. and if we break the system, we ALL go down.
we can spare the system and make the bastards pay-- that's been a component of the bailout package from the get go. nobody is saying let's buy some fuckers their golden parachutes-- nobody. this is a red herring and people shouldn't be repeating it like that. the bailout is not about bailing out the executives and the people who will make a fortune on this-- it's about stabilizing the financial markets, that is all.
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ps:
http://www.nytimes.com/2008/09/21/business/21qanda.html