Government Bailouts.

[Ilusan]

Yeah. Its gross and leaves a sour taste in my mouth that negligence no longer has any consequences. This is a very substantial problem that points to issues beyond just giving out bad loans. It points to the disappearing middle-class's shouldering the weight of economic responsibility but receiving little to no benefits from the system. Thats my general consensus, anyway. I'm pasting a snippet of the latest article I've read here. Another solution drawn up by the GOP who are fervently against the pricetag of the current bailout proposal. What do you guys think?

"A group of GOP lawmakers circulated a less government-focused alternative. Their proposal would have the government provide insurance to companies that agree to hold frozen assets, rather than have the government purchase the assets. Rep Eric Cantor, R-Va., said the idea would be to remove the burden of the bailout from taxpayers and place it, over time, on Wall Street instead. "

My question is how long can you freeze such assets? Does this simply delay the problem further down the road? It mentions nothing of any consequence for the money-reaping execs either, though niether does the current plan besides a cap on pay. I'm with Halyanne, if our money is used to bail them out, we should see some sort of benefit and those who fucked us should reap the consequences, bad lenders and borrowers alike.

Edit: Ac ouple more snippets..
"Rep. Peter DeFazio, an Oregon Democrat, has been circulating a letter to other lawmakers calling for a 0.25 percent transaction fee on the sale and purchase of stock and more exotic transactions such as those involving credit default swaps, options and futures."

and further down in the same article...thismade me laugh and cringe at the same time:

"Emerging from a meeting with fellow House Democrats on Thursday, DeFazio said, "Everybody's angry. This is like a giant screw job by Wall Street. They're holding a gun to their head and saying, 'If you guys don't help us, we're going to blow our brains out and take you with us.'"

Frightening, because they can.