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Originally Posted by SniperSB23
It's not a good situation, no doubt. I just think there's an incredible irony here that all the bigwigs invested heavily suddenly need the taxpayers to bail them out, yet when it comes to them giving more money to help those truly in need then we are suddenly becoming a bunch of socialists. I believe in the golden rule. And last I saw the golden rule doesn't say f*** over others so when you are in need they will save your ass. Let's make it fair, the taxpayers bail out the wealthy, and in turn the Bush tax cuts are repealed for the wealthy to help pay for it. Then I'm 100% on board.
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Anyone who paints this as anything less than a bailout is being disingenuous and i hope i didnt come across that way. I think the tax payer can make money on this IF, big IF, they value the assets properly. Even so, it is still a "bailout" because any plan would require the govt to purchase the assets at above market prices. Before everyone starts crying, remember, market right now on a lot of those assets would be like 20 cents but thats simply because the market is an injured lion in the desert and the buyers are the circling vultures.