Comments on: It’s Hard To Ignore The Wall Street Mess http://www.everybodylovesyourmoney.com/2008/09/24/its-hard-to-ignore-the-wall-street-mess.html Living for today - Planning for Tomorrow Sun, 25 Jul 2010 21:20:26 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jerry http://www.everybodylovesyourmoney.com/2008/09/24/its-hard-to-ignore-the-wall-street-mess.html/comment-page-1#comment-175020 Jerry Fri, 26 Sep 2008 13:51:01 +0000 http://www.everybodylovesyourmoney.com/2008/09/24/its-hard-to-ignore-the-wall-street-mess.html#comment-175020 What baffles me is that most people don't see that this bailout will save the jobs and savings of millions of Americans. I believe strongly in free markets with limited government intervention, however there comes a point where we have to act to problems that occur in the financial system. The great depression was a great example of what can happen when financial institutions aren't regulated. I can't believe that I am saying this (I am a very conservative individual), but I see this as a feasible solution. Paulson and Bernanke were talking about only using half of the bailout money initially then if there would be further problems they would invest the other half. What baffles me is that most people don’t see that this bailout will save the jobs and savings of millions of Americans. I believe strongly in free markets with limited government intervention, however there comes a point where we have to act to problems that occur in the financial system. The great depression was a great example of what can happen when financial institutions aren’t regulated.

I can’t believe that I am saying this (I am a very conservative individual), but I see this as a feasible solution. Paulson and Bernanke were talking about only using half of the bailout money initially then if there would be further problems they would invest the other half.

]]> By: Stock Investing http://www.everybodylovesyourmoney.com/2008/09/24/its-hard-to-ignore-the-wall-street-mess.html/comment-page-1#comment-174952 Stock Investing Fri, 26 Sep 2008 02:29:19 +0000 http://www.everybodylovesyourmoney.com/2008/09/24/its-hard-to-ignore-the-wall-street-mess.html#comment-174952 Thank you for pointing out what others have missed in Paulson's background. He is part of the problem. And you are correct in that there are rough times ahead regardless of the final structure of the bailout plan. Thank you for pointing out what others have missed in Paulson’s background. He is part of the problem. And you are correct in that there are rough times ahead regardless of the final structure of the bailout plan.

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