Re: Bear Sterns vs ...taxpayers?

In the Year of the Earth Rat, the Great and Powerful David T. Bilek 
declared:
> > 
> Both bailouts are bull****;  people who were responsible with their
> money and didn't participate in the greedmongering housing bubble are
> going to be taxed to bailout people who tried to get rich quick or
> took out loans they knew they could only afford if housing prices kept
> increasing.
> 

What do you expect when a financial crisis occurs in an election 
year? Both parties are going to pander to the idiots who took out 
ARMs based upon false financial claims through organizations that 
shouldn't've been making loans in the first place. And the 
politicians are going to do it on the theory that no one will have 
the guts to say, "Screw 'em. They should've known what they were 
getting in to. Let them file for bankruptcy and move to a crappy 
apartment." Which is probably true.

-- 
Sean O'Hara <http://diogenes-sinope.blogspot.com>
So, it is thought to be "right" more often than a stopped analog 
clock, which is said to tell the correct time twice a day. (The 
clock is not "right," of course -- it just coincides with external 
events that allow someone to perceive it as being correct if you 
check it at certain times. It's a coincidence. That's an im****tant 
distinction.)
   --Jim Emerson