BAILOUT REJECTED

[rendo]

Rath said:

rendo said:

Rath said:

Soleron said:
It'll be passed very soon though. They'll take out or put in a few provisions to satisfy 12 or so borderline voters and it'll pass.

Not that I want it to. Economic intervention by the government is inefficient and doesn't allow the free market to correct its mistakes.

A financial market collapse would cause a domino effect onto other markets who would no longer have access to money. Fixing this is important but fixing it right is even more important.

 

You say that like it's a bad thing.  Maybe if people lived within their means and stopped relying on lines of credits, this would have been averted decades ago.

 

I'm not talking about individuals here I'm talking about it wiping out other companies in competely different sectors.

 

Neither am I.  People is a generalization that can be applied to individuals, companies and even countries.