The financial bailout plan is obviously starting to play itself out (see M&A of banks), and from slicing and dicing it, the whole thing kind of makes me sick. The greed article hits it right on the head as far as I am concerned, the wall street junkies win, again…
We had a lot economist and relatively important people tell us all that this was so neccessary and we evade financial and global meltdown by aggreeing to the terms provided, a plan. However, I can’t help but think that maybe the banks, lenders, investors, deserved to get pummeled on this one. Yes there would be widespread disaster reaching to all corners of the globe including your fancy living room, but maybe something good could come of that. Such as: A needed and swift change in finance due to the major fallouts, but one in which the taxpayers aren’t on the hook and we don’t have winners and losers. It would almost be an apocalypse that would force many people to see the reality of our environments and economy, one based on greed and too much lax credit. FORCE PEOPLE TO SAVE AND LIVE WITHIN THEIR OWN MEANS. Force companies to rethink and change approaches, innovate.
The way we’ve gone about is to sweep the problem under the rug and wiggle our way through a recession in 2009. It’s not going to be a habit changer for most Americans, that’s a fact. And that’s bad because then we are sure to run through another cycle in a few years stemming very close to this one.
Oil…hmm?
