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tthompson1362 writes:

in response to TennesseeDrew:

Who's being Socialist?
The current Republican administration is the one giving the people's money to corporations for bailouts. Sounds like welfare to me.
Large financial companies that should know how to handle money are going bankrupt, what's their excuse?

Tennessee Drew, I agree with you about this being welfare, but it appears that this bailout is a bi-partisan effort. Regardless of who is leading the effort, one thing is certain-we taxpayers are footing the bill. These companies need to be regulated, but they also need to suffer the consequences of their foolish actions. Otherwise, this will happen again. As for the individual investors who are suffering, the old adage is to "let the buyers beware". Unless you are willing to suffer a loss, then don't take a risk. Investment 101 teaches that one way to minimize risk is to diversify. And that goes both for individuals and for corporations. These companies went heavily into high-risk investments in the mortgage loan market and got burned when the borrowers couldn't make their house payments after they were encouraged/allowed to buy more house than they could afford. So now everyone is hurting and we taxpayers are covering both the home loans and the investments. Individual and Corporate greed has put us into this situation and it seems to me that giving these people more money is not the answer.
