Wall Street and the government bailouts
I have no problem with the government buying bad debt. There are things that the government can and should do that the market cannot, particularly when it comes to the well being of citizens. The government is placed in the position of authority, given oversight into the affairs of its people. Markets are well-suited to carrying out the specifics of what has to be done, but they are not good overseers of the public welfare. Businesses generally have one goal: to make money. Serving the public is the way they're supposed to make money. If you give them leeway they'll screw over the public in order to make more money. They do it every single time. So my idea of a good bailout bill for the government? Buy out the loans to the banks so people are allowed to stay in their homes without allowing the banks to collect on the exorbitant interest rates that are forcing people out of their homes in the first place. There's no reason to reward the banking industry for its pr...