I agree. No one trying to save the FB’s thinks about the longer term repercussions on future generations that will support this economy in the coming decades and be the ones working off the trillions in bailouts we are wasting today.
That said, look at how successful the $300 Billion bailout from July wasn’t.
Maybe I’m overly wishful that this won’t amount to much in rewarding stupidity, and I agree the Government will do *something*, but the banks are the ones who have to take the hit. I suppose the Gov’t could cover those losses, but you reward the reckless <10% behind on payments you'll have to answer to an angrey 90%.
