DHN – Why Should We?

Submitted by Nick Stavrides on Fri, 09/26/2008 - 16:53.

As taxpayers why should we bail out those who have been lead by their own greed? Wa Mu Bank, one of this country’s largest, went bankrupt last night and JP Morgan Chase bought it. It is my view that we should let the banks help each other out of the mess they’re in.

Why not invest the huge sums they are talking about to bailout the banks and invest that money in smaller local businesses, new green technologies and allow them to prop up the economy.

Would the government even entertain this idea for you and me? No. Then why are we entertaining the idea of bailing them out? Not a dime, let the CEOs go into their own pockets to fix their own problems.

Think Peace, make peace.