What do you think?

[bwdizzle]

do you think government bailout is right or should our government lets huge investment banks and commerical bank that bought bad mortgages failed so they can be wiped off the map or should we procede to bailout the bathtub with a teaspoon.

[bobbyjoe]

do you think government bailout is right or should our government lets huge investment banks and commerical bank that bought bad mortgages failed so they can be wiped off the map or should we procede to bailout the bathtub with a teaspoon.

Unfair, very dissapointing, but utlimately the right call. The fact that we actually have bipartisan agreement in the ultimate grid-lock Congress for once ought to tell you something.

The word "bailout" is being used awfully liberally as well. These aren't just straight cash giveaways.

As disconcerting as govt intervention into a mess created solely by the private sector is, a complete credit squeeze caused by a collapse of a big chunk of the financial system would have had worse aggregate ramifications on the economy.

What we need for once is a damn govt which isnt only reactive, but is proactive at diagnosing and dealing with problems before they completely blow up.

[bwdizzle]

very true both democracts and repub have over the years turned there back on this problem up until when litteraly the stock market would freeze up and it still could we really don't the ramifaction of the mortgage crisis.