Who Else Wants To Chime In On The $700B Bailout?
One day Henny-penny was picking up corn in the cornyard when–whack!– something hit her upon the head. “Goodness gracious me!†said Henny- penny; “the sky’s a-going to fall; I must go and tell the king.â€
We all have heard the old English fable about a chicken who thinks the sky is falling and how it has been adapted to our modern language to demonstrate panic about events that either cannot occur or ones that are beyond our span of control.
So, when we look at the Federal Government, which is considering a $700B bailout of the financial markets, we have to wonder about the ramifications of doing this versus doing nothing at all.
Why The Government Should Not Do The $700B Bailout
On the conservative side of the isle, many people are voicing the opinion that we need to give the markets time to correct themselves. Capitalism, they argue, does not perform well with government intervention. The Short Sale Blogger provides a very concise summary of this viewpoint.
Call your Senator, NO Deal.Why The Government Must Do The $700B Bailout
In a series of three blogs, the Tallahassee Real Estate Blog writes a compelling argument in support of the bailout. As a matter of fact, it shows why the sky is really falling. The middle blog in particular is very entertaining as it provides a cartoon which shows how the Subprime Mortgage Market brought about the near-collapse of our entire financial system.
Bailing Out The Banks? Actually Bailing Out America!Discover How The Sub Prime Mortgage Mess Has Destroyed The U.S. Financial Markets - 1 Funny Cartoon For A Not-So-Funny AffairDiscover How The $700B Bailout Kills Three Birds With One StoneWhat Our Readers Think About The $700B Bailout
OK, you’ve seen arguments for the $700B Bailout and you’ve seen the arguments against, it’s time for you to take a stand on this issue and share your thoughts with the rest of us. Please use the comments below and let’s see where we are!