Printing money punishes everyone; price corrections only punish the dumb and/or greedy. I detest the idea of subsidizing and enabling someone else’s poor decisions. I say let the prices correct and leave the rest of us out of it.
I see only one problem with that… majority rules 🙁 🙁
We know the gov will bail out the banks.. How would they be able to do that though without throwing some cookies to the people?
I think we’ll see the banks get a giant hand-out and people that are screwed over by their debt will get a mini-handout.. us Piggys by the sidelines will be paying into this fund with our tax money, to what benefit? Seems orta like an affirmative action for personal finance.
