Well, we as a world are sitting on the edge of the abyss and it's scaring the crap out of me. I don't know what the solution is either, tbh, I'm not even sure if these bailouts are the answer. We're selling America's future to the World by increasing the national debt like this to buy these companies out, just so that people can feel safe. The fact that this whole problem was created by bigwigs in wallstreet that essentially said, 'no we don't need those old regulations, we'll be fine regulating ourselves.' And als always Greed is more powerful than Honesty, and loans and ratings they KNEW were wrong were issued just to make a quick buck. It INFURIATES me that the same mentality that caused the economiclaly localized Enron disaster (still fresh enough in our minds) resurfaced again: make a quick buck regardless of it's effect on anyone else. Except this time anyone else is 6.5 billion people. And even as people were saying that these loans were a bad idea, nobody listened and they gave out more. I remember news sources saying that all these subprime loans were a problem back in 2005. And for 2 more years nobody cared, nobody listened. The banks gave these loans out (even the good ones), and short-sighted and uneducated consumers bought them anyways. Heck, even buisnesses took similar loans.
All the while nothing is being done about the troubles that all the retiring babyboomers are going to cause when they are forced to take $$ out of the market so that it can be taxed at 69.5 years old. So even if by some miracle these buyouts suceed in preventing a total collapse of the market, it may only be postponing the inevitable.
Yours truly wants to find everyone who ever approved any subprime loan, the creators of the Fed, and anyone else who'se morgatged this country's future and have an infamous quote be their entire tombstone, "Those who cannot learn from history are doomed to repeat it."
