by godix » Tue Sep 30, 2008 10:07 pm
I support a bailout of the financial institutions provided in the very same bill are limits of company finances for any company that accepts, including CEO pay/bonuses but far more extensive than that, and provisions for putting in place regulation to stop this from happening again.
Although from what I can tell the problem really wasn't that there wasn't regulation, it was that the politicians and regulators viewed the housing bubble as a good thing instead of a problem that needed dealt with. Considering the housing bubble is, in part, what prevented the economy from going to hell right after 9/11 they may have even been right in that view.
I do not support bailout for homeowners. If the fuckers can't afford to own a house then they shouldn't own a house. *I* don't own a house because I knew I couldn't pay for it. I really really don't want to have to reward sheer fucking stupidity, especially if it requires me buying for others what I can't afford to buy for myself.
I wouldn't change my vote for a politician disagreeing with me on this, but I would change it for a politician who's obviously just trying to buy off votes this way. Assuming, of course, there actually is another politician not buying off votes that I could support. That's probably not a valid assumption at the moment.
