Quote:
Originally Posted by Bucco
A case made for NO BAIL OUT by Time....
"Rescuing financial institutions is not the best solution. Yes, banks are needed to provide capital to businesses. But it is not necessary to spend $1 trillion to maintain liquidity. If the government is to intervene, it should pick and choose which claims to purchase; claims that are directly tied to mortgages would be a good start. "
http://www.time.com/time/business/ar...0.html?cnn=yes
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This position will likely be easier to swallow by those on fixed pensions (like military or other gov't pensions with built in COLA's) than the poor shleps who's retirement is tied up in a 401-K. The later group is really sweatin-it-out right now.