OK, call me dumb if you like. How come we (the US Government) is making plans to bail out failed lenders during this "financial crisis" who had really bad judgment in loaning money? We do not require them to pay for their own mistakes.
To top it off, we are bailing them out with borrowed money.
Talk about a recipe for disaster.
:)
Ok, one more line to this. Do you think a bank would loan you money to get you out of financial trouble because you foolishly loaned out your money to a bad risk?
And the borrowed money is from China.
ReplyDeleteI have heard that before - it basically doesn't matter where from from a financial standpoint, it is crazy to bail out these institutions.
ReplyDelete