Off-Topic: Bailout -- yes or no?

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	Name:	lakngulf -
	Subject:	Bailout -- yes or no?
	Date:	9/24/2008 10:38:46 AM

I fully agree that this seems to be a no-win situation. If I lose my job, can't pay my mortgage, and lose my house to foreclosure there is not "bailout" for me. If there was then some would say I was just too lazy to get another job and keep the ship floating. Some would say I was never credit worthy to have gotten the mortgage in the first place.

Now big companies, that gave me the mortgage in the first place, are failing. So let's bolster them with a trillion dollar bailout? I am not sure I favor that. But then I hear that folks with 401(k) money will be losing much of that because of the investment portfolio, that much of this money will vanish as the big companies fail.

I am almost to the conclusion of "Let's just let the correction take place, and start over" But then that brings major recession, etc. Maybe I need to learn how to fish.