Bailout Redux

So the bailout package didn't pass, but not thanks to the Dem. leadership. Pelosi got to complain about obviously bad things and then not be responsible for anything, including presenting the bill to the house. Classic Democratic Leadership.

Since the American people are hostage to the banking/speculative system the only solution is to help the banks. Sounds like Stockholm Syndrome.

Comments from people on TV -

Capital gains tax breaks are needed = make it more profitable for the rich to take bigger risks with the economy.

It's the fault of regulation = investment banks didn't choose to purchase risky mortgage loans hoping to make huge profits, um . . . government forced them to.

It's the fault of the poor people = they applied for the sub-prime loans with hidden predatory resetting rates that the local banks targeted them with.

The American people should be forced to buy all these junk securities that no one in their right mind is purchasing so banks will see our economy is worth investing in and issue credit = rich investors shouldn't lose their money, if it wasn't for them using your money to make more money for themselves, there would be no home ownership. It's the way the system works, it's just their turn to get rich.

Don't let the government take ownership of the defaulting mortgages = we have to preserve the capitalist system, you can make that $700,000,000,000 check out to The Free Market.