Friday, September 19, 2008

Wall Street

Now instead of Wall Street going belly up - the US Government is going to go belly up...

If AIG would have been allowed to fail - other companies would have come in and taken up the slack - it would have cost THEM, their bad judgment on loans that should never have been made in the first place - but instead, the tax payers have bought a dead horse.

This buyout, by the Feds, is nothing more than rewarding irresponsible management of large companies, that I believe were betting on a government bailout.

Who pays in the long run? YOU!

We no longer have a free market - we have a managed manipulation market! Not to mention taxes are going to go up the gazoo!