So we should only give bailouts when it effects more than 1 person, then? What about the person's loss of productivity since he was unable to get to work? That caused others issues. What if the person was a critical link at work, and caused the business to collapse while he was gone?
In effect, the government bailed the banks because of the borrowers stupidity of taking the money. They harmed themselves first, and now the government is buying up the toxic assets. This proves that bad behavior isn't really bad as long as it effects more than one person, hunh?
Also, you act as if the government did not bail out the banks that every lending institution was going under. They were not. There were many stupid banks that made bad decisions, but not all were in trouble. Credit Unions are still in great shape, as they didn't exploit the subprime crisis, and followed sound lending practices.
Back from the dead, I'm afraid.
