Bye Bye Banks and Wall Street

[Ghoulish Delight]

Originally Posted by Kevy Baby

I wouldn't panic. This is just crap on paper and will balance itself out.

B.S. The numbers may be on paper, but somewhere down the line people's lives are affected. And just because the numbers eventually come back doesn't mean people aren't left in the dust when they do. It's not about balance sheets, it's about people who are very likely to get screwed by the dumb risks that other people have taken.

I am not in support of a blank-check bailout plan that props up the people who made the mistakes (and that includes the consumers who willingly took loans they couldn't afford). But that doesn't mean I don't believe that something needs to be done, relatively quickly, to prevent their mistakes from adversely affecting those who did NOT take part in the reckless risk taking.