Deal or No Deal: Banking Bailout Edition…
The fiscal, irresponsibility of big businesses, is very out of control. First Enron, now the banking crisis and it seems; as if, many American’s, support the government bailout?
I don’t believe doing this sends the right message to corporate-entities; all it really does is pat corporations on the back for being monetarily-irresponsible. Supporters of the bailout state that our economy will blunder; so badly that, foreign investors will run-out; leading to a serious depression.
The American dollar is already weak against other currencies; so imagine what could happen if the government gives seven-hundred-billion to the companies that began this charade.
Would it be “kiss the American dollar goodbye?” (As many have suggested)
I don’t have the answers, but common sense suggests that we shouldn’t reward irresponsible behavior and then expect change for the better.
What do you think? — Deal or No Deal?
Posted: September 25th, 2008 under World View.
Tags: banking bailout edition, crisis, deal or no deal, fannie, freddie, mac, mae, president, senate, united states of america