' It's hard for me to see how this rescue is not in the interests of everyone.'

It sticks in the craw. These vultures, like Ackman, are celebrated as risk taking job creators, heroes of the American way of life, but the truth is they can't lose. The political system they finance won't allow it. It truly is socialism for the rich and nasty, brutish capitalism for the rest.

I don't want my life savings wiped out in a financial crisis, but I also don't like billionaires being backstopped while the rest of us are wiped out from a health crisis, or buried under student debt bondage, or have our pensions erased when a vulture pilfers pensions they manage (2/20 with little taxation), or closes pension funds of companies they bankrupt.

There must be a way for these risk takers to be held accountable for taking risk, or maybe we should backstop the health and well-being of families in the same way we backstop billionaires money.

The worst part of this is that the wealth the government backstopped will be used to finance campaigns against 'big government'.

Berkshire Hathaway FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.