Seattle Bubble Forum Archive

Oh, Jesus. Here it comes.

I hope this is posturing, like security screenings at airports are postures.

No one's bailing out ignorant Americans for the bad electoral choices they made over the past eight years, only class action suits made a minuscule remuneration attempt to compensate the ignorant stockholders for their blind attention to analysts' reports and faulty 10K statements, why should a smaller percentage of ignorant Americans be bailed out for the bad financial decisions they made?

Honestly, considering most of the legislators who supported the Bankruptcy Act of 2005 are still legislating in DC, and cash advance franchises proliferate still and no one is bailing their customers out, I doubt very much a bailout for subprime mortgagees will happen. It's a rude awakening for them, but they should have been awake and alert to attempts to cheat them out of their money and security for years now.

Write your representatives in Congress. Do it right now.

Already did, the night I posted. Fat lot of good it will do.

Looks like we're not the only ones that don't think a bailout is a good idea. Economists are starting to warn against it as well, and noting the price tag would be much higher than Senator Schumer is proposing.



The more people that publicly cry against a bailout, the better. Let them know!

I did too, hopefully they listen, it's what we pay them for.