[kedwyn]

I don't really think they have much of a choice. If a bail out is necessary they will have to step up its one of those situations where they are simply too big to fail, there is just too much at stake.

Again what it boils down to is the massive excess that has been occurring in the US for the past 10 years or so. The "I have to have it NOW" mentality here and the general lack of personal responsibility is now coming back to bite us in the ass.

People have been raping their home equity for years, buying toys and shit they really couldn't afford. Spending more and more on bigger houses, new cars, new furniture, new everything. In general taking on so much debt that most are one pay check away from not being able to make their payments.

A lot of these fuckers have 2, 3 + mortgages. Not too mention the other toys. Seriously what the fuck were they thinking? Sure the banks deserve some blame but ultimately its the consumer that seeks the mortgage, signs the papers, lies about their incomes or rental agreements and has to pay the bill.

Then they have the nerve to blame everyone else for their misery. Unfortunately the problem ran unchecked for too many years and its so big now that there isn't much choice.


Newsflash, same thing is going to happen with Medicare and social security. One day we are all going to be scratching our heads wondering how it got so bad when we refused to take the smaller steps earlier to get the problem fixed.