Thursday, October 02, 2008

Wall Street Bailout

A bit off the usual topic here but very important. I rang my various representatives phones off the hook to voice my opposition the Wall Street bailout bill currently being considered.

The bottom line is singular and simple: If you made bad decisions you must be allowed to fail.

Our financial markets and some individuals went on a wild binge, drunk on easy and cheap credit. Now it is time for them to pay the piper. Not for the US Taxpayer to pay!

I URGE you to call or fax your political representatives NOW and voice your opposition to this economic travesty. To burden the children and grandchildren for the excesses of the parents is unforgivable.

Creative destruction is scary and necessary and will deliver a new financial system, built on a more sturdy foundation. Let nature take its course...