Tuesday, September 30, 2008

Guest Commentator Bob Wood

Comment on Failed Failout The Market today, Sept 30, after Failed "Bailout" Adding my 2 cents to the bailout mess Why are our elected officials willing to just throw taxpayers dollars at the problem without addressing the reason we are now in this mess? I, for one, would like to know what or who created the mortgage crisis? Only after the root of the problem is identified and fixed should tax dollars be considered as one source of many for funding. If the government created this problem by forcing lenders to write bad paper as some have suggested then those who created such a policy need to be held accountable. Identify the idiots who thought it would be a good idea to lend money to people who could not show a means of repaying their loans. Eliminate the policy and get the government out of private enterprise. If the problem lies at the hands of the lenders they need to be criminally prosecuted and the government needs to go after "all" their assets. We the taxpayers need to be made whole. Anything less is a blind government unable or unwilling to protect the American way of life. And those who stand idly by need replaced. Bob Wood Hugo, MN ---- Editors Note: I do not normally accept comments. This post was emailed to me and deserved a place in the spotlight. Thanks Bob for sharing. --ski
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