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View Diary: Tough Choice: If DOJ Prosecutes Wall Street, Banks Could Collapse (196 comments)

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  •  Instead of bailing out the regular folks' (5+ / 0-)

    mortgages for an affordable amount of money, the Feds went to the other end of the lever (10 X more $? who knows) and bailed out the ridiculous bets that the major financial players made on those mortgages.

    They could've helped out millions of real people and resolved the issue, but noooo, per Rick Santelli, that meant letting a few small-fry deadbeats get away with it, and we can't tolerate that, no matter how many good people we would help otherwise! No, instead we gotta fork gigantic wads of cash over to a very few of the most materially vicious predators on the planet. That was the real bailout "tell."

    Government and laws are the agreement we all make to secure everyone's freedom.

    by Simplify on Wed Feb 06, 2013 at 10:34:37 PM PST

    [ Parent ]

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