Rudd: Extreme Capitalism needs balance

[donathos]

Rath said:

mrstickball said:
We don't need more laws. We need smarter laws that are enforced properly.

Wall street screwed up. Guess what? They should be out the most money. Banks screwed up. They shouldn't of got a 'get out of jail free' card from Uncle Sam.

Where's my bailout when I decide that I bought too much Taco Bell and didn't have enough gas money to get home from work?

Thats a very stupid analogy. You not getting home from work isn't going to cause the entire financial system to collapse.

Er... if his not getting home from work would cause the entire financial system to collapse, then it wouldn't be an analogy at all.  It would be the thing itself.

An analogy is a comparison of unlike things; that's, in fact, the very point to comparison.  And while personal financial decisions (like Taco Bell) might not cause the country's markets to fall... they could destroy a family's budget.  And, in that way, be analogous.

His point is that, when people make bad decisions, they ought to be the ones to suffer for it.  And you might disagree with that.  But I think his analogy was fine.

The only way to get out of the crisis is for the banks to start lending normally again, thats not going to happen if all the banks are bankrupted because of the crisis.

I'm honestly not sure how to get out of the crisis.  Actually... I suspect that no one really knows.

However, I'm not sure what "lending normally again" means here.  Frankly, I'm a little ignorant of this whole affair... but wasn't part of the problem too much easy credit?