Given the state of Wall Street, Main Street, and every other street you could name, its easy to see how most individual investors have reached a state of disbelief. Our leaders are carrying out a policy of Socialism, but only for the rich shareholders and management of failing companies. The question that seems to pop up in everyone's mind is, of all people to bail out, why them? Its a good question really. We continually hear that it is done to prevent major disruptions in the markets, but what has the last year been? And yesterday I heard Hank Paulson say something like "this is the best solution for the taxpayers." Hmmm. I'll have to think about that one for a bit.
Here's a good rundown of the situation, if you're interested.
The question is, who's next? Lehman? Maybe an airline or automaker?
We hear both candidates talk about how they'll "change" Washington. Is that really believable? Take a look at this and get back to me.