Re: Lehman Bankrupt, FF Nationalisation & Corporate Welfare Bailouts
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Re: Lehman Bankrupt, FF Nationalisation & Corporate Welfare Bailouts         

Group: alt.philosophy · Group Profile
Author: Fred Weiss
Date: Sep 19, 2008 19:04

On Sep 19, 12:00 pm, Robert Cohen msn.com> wrote:
> re: TRILLION DOLLARS BAILOUT
>
> Bush-Paulson should done something radical over a year ago.

Very true. If they had they wouldn't have had to do what they've done
since or in the last few days - and it wouldn't have cost the
taxpayers a penny.

If you've been bailing out your spendthrift son for years, the radical
thing to do is not to give him an unlimited line of credit. Oh, and an
unlimited line of credit which is way beyond your means, so you make
everyone else liable for it.

Does that make sense to you, Robert?

Now tell me how the "Bush-Paulson" plan is any different in principle
from that.

Fred Weiss
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