BiggerPockets

I would have thought facist, and third world.
ofgift

Socialist - yes, parts of the economy are now being socialized. It's a disaster and only a complete collapse will allow us to get this country back on track.

Mike

I don't know if it's socialist but it is a clear example of the corruption we're in.

This bailout is the equivalent of dumping taxpayer dollars into WorldCom to prop it back up, taking Bernie Ebbers out of prison and giving him a bonus, then blaming 401k's and tech stock investors for their scandalous greed.

In 97 Asia experienced its crash and a $95 Billion Bailout by the IMF which spoke strongly against nationalization and Govt. intervention in the free markets. They followed with austerity measures that many say today worsened the situation.

Those same countries find it ironic that we are reacting with the same panic they did just 10 years ago. Although they are not laughing, because a dip in the US economy will cause a tsunami in theirs.

I don't think the bailout was a good idea, I just think it was the only idea. If you have a glass with a hole in the bottom, the water being the economy, until you figure out how to plug the hole you have to find a way to keep pouring water into the glass. If people can't borrow the economy is going to stall. It's best to tread water and try to figure something out, all the bail out did was allow the economy to tread water for a little longer. There are so many sub-plots and spin off stories associated with the baolout. as an investor if you're liquid or have a close relationship with venture capatists you can make millions in this market. Everyone is scared, people are emotional, those who are focused will capatalize.

The government has issued tax dollars $20Billio to be exact to rum companies, and $20Billion to sports companies, as well as Bill Gates got $9 Billion dollars of this bailout monies for Educational needs. The homeowners are the ones suffering.