Sunday, October 05, 2008

bailout bummer

Congress went ahead and approved a $700 billion (or so) bailout of the financial industry. There is no doubt in my mind that something had to get done but I question what did get done. Nowhere in the discussion was there any mention of actually addressing the basic issues underlying the whole mess.

What ever happens, until the people of this nation are willing to face up to the fact that greed is not self-regulating we'll keep repeating this same grim pattern.

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