I'm not sure if I'm in the position to disagree with the "Great"
Greenspan, but I still disagree. The people (right at the
top) who make bad decisions are not only still rich, but at the end
of it, its still the people right at the bottom who will end up the
victims.
Also, if not remedied, its hard to predict how worse can it
still get, and how bad its gonna affect global financial
institutions also. The whole world might have get dragged
down with it.
If a bail out is not the answer, they need to quickly rethink of
another solution.
bailing out will only help the rich get richer and irresponsible,
average people got not much to loose except perhap got to look for
another job, but for the rich to lost a job and asset, it will
teach them a lesson. As a top rich man, you make a mistake and
expect a bailout of 700bn to help you go thru safely, whereby the
700bn are taxpayers money or will be tax higher later on
average people to compensate the lost in Fed reserve, so in
the end, the rich will never get into trouble, when times are good,
they get the cash from the poors, and when time are bad, they also
get money from the poors thru another channel, ie the govt
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