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Showing posts from September, 2008

Wallstreet Woes

So the House didn't pass the bill that is supposed to bail out Wall Street yesterday, and I'm wondering if this is going to be a good thing or a bad thing. It does not really seem fair to me that the citizens of the United States should have to pick up the tab on what was apparently years and years of unregulated loan practices. And all of this with the hope that one day the American people may profit from buying all these assets that no one really even knows what they are worth. I am no fuckin genius when it comes to politics but from what I can already tell about the Bush administration and how the president is basically trying to once again bully the American public into following along with one of his economic policies to me sounds like a disaster in the making. So we have practically a decade of crooks on Wall Street using questionably lending practices that didn't follow procedure, and now we are all stuck with having to pay for the government to clean up their mess. ...