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View Diary: The Bailout: Are We Being Blackmailed? (17 comments)

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  •  We don't need a bailout! (1+ / 0-)
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    betson08

    The system already has a "bailout" built in for corporations and people who have overspent themselves and gone broke-- it's called bankruptcy!  And there are, and should be, serious consiquences for people who have to resort to it, including, if you're a bank, being taken over by the Fed and sold, etc.  I'm convinced the bailout effort is just a lot of companies begging for a sweeter deal than what SHOULD happen to them.  America needs to wake up! How many times are we going to let ourselves be suckered into scams by people promising the world will end if we don't?!?  I want to call this bluff.  And if it isn't a bluff, fine, bring on the dreaded Recession, let's get it over with already!

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