Financial Bailout Could Cost Taxpayers Hundreds of Billions

I get why the Feds feel the need to do this… Financial Bailout…

Though I am not sure it is either right, nor smart… There is a part of me that thinks it would be "better" to let those institutions that are on the critical list die… And see what comes in to take their place… Social evolution in action…

It would be a hard time for the American people (and quite a few others in the world) for a while (5 years maybe?)… But on the backside of things we'd be the better, the stronger for it… And we wouldn't have up to a TRILLION dollars MORE debt to have to deal with — as citizens and taxpayers… 

Throwing "good" money after bad is never the way to progress…

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An excellent, though fairly technical article on why, and how the banking/mortgage systems "collapsed" by Nassim Nicholas Taleb:


Read it and let me know what you think…

Ciao for now!