why i am aganist bailing out wall street

[ivanziggy]

Apparently it will take almost half a trillion dollars to bail out all the bad bets that Wall Street companies made in regard to the mortgage meltdown...and all that burden will be placed on the taxpayers...that truthfully is not the problem...doing whatever to help America should be a patriotic thing like Senator Biden said,...

but the problem is this: Why should we socialize Wall Street's FAILURES while privatizing its PROFITS?...None of those companies thought it was wise to put some of their profits in taxpayers' hands...Oh no they worked 'hard' for that money...the same way we should just let them fail because they managed their risks so poorly...Meanwhile theirs CEO's will walk away with millions...The government should be helping/bailing out the taxpayers and help pay their mortgages...not the other way around...Bailing out those companies only make sure that money remains in ONE HAND and postpones their downfalls, exactly what happened first with Bear Stearns, then Freddie/Fannie, then AIG...then they realized "shit we're just digging a grave"...putting money in the taxpayers' hands would make sure that money circulates through the economy...

Not only that we go ahead and criticize Cuba for being a communist country...Seriously???. Which is worse being a complete communist country? Or being socialistic when it works for the government and corporate greed? Cuba actually has a better health care system than we do...Someone seriously needs to read Karl Marx's "The communist Manifesto" to understand what's really going on in the Market...

Plus, these companies are not representative of the general population...they are made up of the 'old boys network' and 'pretty faces' and it takes so much to break into those networks