I find I can't make an informed opinion on this bail-out. The conventional wisdom seems to be that it's unjust but necessary. "Unjust but necessary" My conventional scepticism says, Prove it. All my life I've heard similar words. "Its inevitable" "Let's put our confidence in these men" "This is a time to come together" When I hear this stuff, a voice inside says, "Uh Oh".
Where is the clear debate?
Are you a skeptic like me? Join below and ask the hard questions.
Are you educated in finance? Join below and shed some light.
I'll start below the fold.
- We are asked to pay a trillion dollars. Where did the money go?
- That's $8,000+ per houshold or $3,250 per man, woman, and child, how are they gonna get it?
- Everybody says "doing nothing would be far worse" Why would doing nothing be far worse? Would every household lose more than $8,000 in their investments? Or is it unthinkable to do nothing merely because the leaders can't imagine our country without Wall Street as we know it.
- Could Wall Street be re-imagined? What is the up-side of letting it crash, and letting the greedy go elsewhere? And letting the whole thing be cleansed?
- Will our Treasury be depleted, and our taxes going to higher and higher interest rates on the national debt?
- Are we bailing out other people's paper or paying for real value?
- Will our hopes for an Obama administration be quashed because there's no money to get anything done?
- How can this trillion be justly indexed, or graduated, or could it be paid only by those who were at risk? (Homeowners, investors,) Why not leave the others, who have no stake, alone?
- Is the Federal Reserve a private entity? That's what I was led to believe. If so, WTF?
please discuss: more (better) questions, and educated answers.