Mike Marlow wrote:
"Han" wrote in message
...

All true, IMNSHO, both Morris and Mike.
And I agree (unfortunately) wth McPain that it is due to excessive greed
of the bankers - which is what regulators and legislators should protect
the "common" man from. Now, caveat emptor should go both ways - the
unscrupulous bankers and the stupid borrowers should be punished, but in
a way that leaves the rest of US (pun intended) protected. If I have
been prudently spending and borrowing within my means, why should I have
to bail out the aforementioned unscrupulous bankers and the stupid
borrowers?


Have you been listening in to the conversations in my neck of the woods?
Though it will never happen, the single most common thought in our
conversations has been that of holding the decision makers in these events
personally responsible. Financially responsible. And not just in light of
this debacle - this type of house of cards problem persists throughout
corporate America as CEO's play fast and loose in the name of creating the
appearance of profit and health. They leave - they take their golden
parachutes or their bonus package and the mess is left behind. No matter -
they're off with their wealth. I'm every bit a capitalist, and I do not
begrudge anyone wealth - even excess wealth, but I do have a big problem
with the ill gotten gains of deceit.


It ain't just corporate America - our lawmakers have devised a scheme
whereby they have run up over $4 trillion of debt called "trust funds"
that they claim are assets. Same accounting deceitful practices used by
Enron. Been going on since FDR.