Breaking: US Senate backs new bail-out bill

[MBX]

Sigh. Seems like the crooks got it their way now: http://news.bbc.co.uk/2/hi/americas/7647622.stm

[donga]

watching it live now on cnn.com

wonder if it'll actually pass the house with more pressure now.

[needthephone]

OK the crooks got their way but if they don't do something big its not just these stockbrokers who will be loosing their houses.

[Anuba]

OK the crooks got their way but if they don't do something big its not just these stockbrokers who will be loosing their houses.
The stockbrokers aren't the ones who will be losing their houses.

These are the options:

1. Bailout.

- Stockbrokers and Wall Street execs will be having cocktails on an island paradise.
- Regular folk *may* be able to keep their houses if they lower their standard of living substantially.

2. No bailout.

- Stockbrokers and Wall Street execs will be having cocktails on an island paradise.
- Regular folk will be kicked out of their homes and lining up outside the soup kitchen.

Anyone hoping to punish the stockbrokers by bailing on the bailout are kidding themselves. You're just gonna have to swallow your vindictiveness and get with the program.

[edesignuk]

While I completely understand the resentment from the US tax payer in bailing out these buttholes, there really is little choice it seems.

The fact is the "system" is reliant on them being functional. They need to be bailed out and then heavily regulated to make sure they can't land us all neck deep in their s*** again.

Once way or another, for the good of everyone, it has to happen.

[Anuba]

While I completely understand the resentment from the US tax payer in bailing out these buttholes, there really is little choice it seems.

The fact is the "system" is reliant on them being functional. They need to be bailed out and then heavily regulated to make sure they can't land us all neck deep in their s*** again.

Once way or another, for the good of everyone, it has to happen.
Yep. But the regulations can't be too heavy either, because on the globalized market they'll just move their money to wherever the regulations are the least constrictive.