I need some financial minds here to help me through this, but I don't understand the need for the bailout. I need Bailout Explanation 101.
- Why wouldn't we let the capitalist system work here?
- Why not let those who did business wrong fall by the wayside?
- Why not let market forces take their course?
- Why does an officer of a failed or failing company get a bonus or severance of any kind?
I swear, though, I don't want a politically partisan explanation. I'm looking for answers on why we have to bail them out for, I betcha, more than a trillion dollars when its all done. I really don't understand this.