What idiot or group of idiots decided to give away taxpayer money without any strings? Who does business this way? I get the whole "banks need liquidity to move the economy" thing but c'mon, banks are taking that free money and sitting on it or investing it elsewhere. Obviously the banks were giving loans away too easily before but to suddenly cut off everything is just as bad. If banks don't want to loan, fine, but don't ask everyone else to fund their mistakes as Wall Street continues to live the life of Riley and using Uncle Sam's cash at below inflation rates. If the tables were turned, you know the banks would be asking for the world so why not treat them the same way?
What makes it worse is that none of the candidates are saying much about this bailout. Are they really in agreement with this policy of supporting the lifestyle decisions of Wall Street? Sure we are seeing tens of thousands of Wall Street bankers being fired but we have yet to see any real changes on Wall Street. Just like last year - despite record lows - we're going to read about bonuses that are more than most people make in a lifetime or tens of lifetimes and guess who is funding it all? Lots of people would love the Wall Street lifestyle, but I don't see Wall Street lining up to fund it without strings.
