Injustice
March 19th, 2008Dear Federal Government,
Thank you so much for your $30 Billion bail-out of Bear Stearn, who’s piss-poor business management got them into the mess their in. With this bailout, Bear Stearn will have the opportunity to fail and fail again.
I don’t mind having the Federal Government provide people a safety net. In preventing Bear Stearn from collapsing, the Fed is shielding us from the economic ripples of doom that would have hurt an all ready crippled economy. However, it would be nice if the Fed could extend that same safety net to all the taxpayers funding this bailout, such as the people currently living in shanty-towns after loosing their homes to the predatory lending practices you refused to regulate and have put our economy in such dire straights:
Sincerely,
ry
PS - And why the heck do I have to learn about American refugee-camp-looking communities from the British Broacasting Corporation??? Come on MSM! Get on top of it!!
They’re not going to bail out the poor. Some say the ups and downs of the economy are “designed” to stick people at both ends (very rich, or very poor). Each up and down requires a person to ride it through successfully in order to not, say, lose their house and prime financial investment. The more ups and downs, the more people fuck up, the larger the class divide grows. And grows. And grows…