Hi ROss,

On Sat 2037-Mar-21 16:24, Ross Cassell (1:123/456) wrote to Richard Webb:

 RW> Agreed, but I have a problem with the whole concept of a
 RW> bailout.

RC> The road to hell is paved with good intentions.

YEs, and the good intentions of those bailing out the poor
stewards will be our road to hell.  I said it when I first
heard about it too, the amount of bailout money should be
$0.0 and no more.

 RC>> As Mr Drum pointed out, the bonuses paid out were a mere fraction of
 RC>> the monies that comprised the bail out..

 RW> YEs, and imho the bailout should have been $0.

RC> Too late now..

Ain't that the truth!  WHen I was a customer I paid my
premiums.  wHy should i pay again?  WHy should you pay?

IF I can tell a welfare recipient that his abuse of alcohol
or drugs makes him not worthy of assistance, then I ought to tell the ceo
of a company who caused irresponsible
investments to be made the same.

 RW> I was under the impression this bailout was engineered by
 RW> the previous administration.  Whoever did it, it's not the
 RW> thing to do.

RC> Should Chrysler have been bailed out nearly 30 years ago?

DIdn't think so then either.  sInk or swim on your own
merits.

RC> If the Govt is going to stick its nose into regulating business, be
RC> it rules, anti-trust etc, then some feel it is incumbent upon Govt
RC> to protect it. 


But the so-called protections are quite watered down now.
Dangerous drugs are pushed by big pharma and the regulators
don't stop them.  THe big trust busting days are over, and
have been for quite awhile.

WHo's protecting the small mom and pop operator from WAl
Mart?  NObody.  wHat makes AIG more worthy than the small
mom and pop shop?

IF it's the scale involved, oh well.  LET the angry policy
holders force the sale of those wonderful buildings with the marble halls
and flowing fountains.  LEt the angry
policyholders who got the screws put to them go looking for
a fat cat to lynch.  IS laissez faire only for the small
business but the big players get special treatment?  IF so
then laissez aion't fair.  LEt 'em fail, whether it be
Chrysler, GM or AIg.  LET the fat cat head of MErril Lynch
live off his savings, unless he was stupid enough to invest
his personal money in the same pie in the sky schemes guys
like Madoff were selling.  Betcha he wasn't that stupid with his own money.

Regards,
           Richard
--- timEd 1.10.y2k+