Quote:
Originally Posted by EarnedStripes44
Thats right. Fed bails out BS investors that take risky chances. So in essence, the Fed has socialized private losses. What about private profits. Jim, what do you think of this, the Fed socializing bank losses but not profits?
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its wrong, I believe tax dollars should be spent on defense, public infrastructure and education, thats it. All the rest should be at the state level and individial level.
Businesses and Individuals - like Bear Stears, people who took sub prime mortages, the airlines, etc - should be accountable for their actions and the govt should not be bailing them out.
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