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The US Economy, and bailouts.	by Illiad	2007-08-08 14:25:04
It's only going to fall harder, if bailed out.	by esbita	2007-08-08 15:34:43
"Moral hazard," and all. These are very smart people running these things, and frankly, they probably EXPECT a bailout. Heinlein speaking as Lazarus Long pointed out that the guys who fail BIG never go hungry, it's the poor schmuck a couple bucks short that has to tighten his belt. The economy will take a hit by this...now or later. We can take it now, or we can take it a few years from now when my parents' generation is closer to retirement, and has even less time to plan and adjust...and the economy has had even less time to plan/adjust for the load. Pay the piper now if we have to. He charges some horrific interest.
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