The whole concept has been diluted. Risk is to be taken with the foreknowledge that the government will always back you up. I think that is the way Wall Street operates. They know that is something should seriously head south, then Uncle Sam will bail them out. It’s happening more and more. As long as you’re big enough though, otherwise, they don’t care.

It’ll be interesting to see how the people they’ve been raiding turns out. Whatever the case, the precedent has been set and that is what worries me the most. Especially with the possibility of a potential liberal administration. Thanks for your comment.

With all the issues going on in the USA they decide to spend their time on this?

What a waste.

It sure looks like that the majority of consumers choose to be victims and demand entitlement. A bailout sure will be the “easy way out” from the “easy way in” into this mess. Commons sense dictates that there should not have been the “easy way in” provided by sub-prime lenders in the first place.

Now Pandora’s Box is opened and “We, the People” have to deal with it. We all are now on the same boat called “US Economy” with big holes in the hull. Unfortunately we all have to work to prevent the boat from sinking, but in my opinion the people who caused the damage should not be let off the hook so easily. Let’s together plug the holes first to keep this boat afloat. If it stays afloat we should charge the passengers who caused these holes a little extra for the privilege to be a passenger.

I am not sure how we all can solve the current situation to be fair and reasonable to everybody. The one thing however I am very sure about is that the days of common sense and prudence have got to return.