Not as horrible as everyone is making it out to be!

I am thrilled that the government (THE US TAXPAYERS) is not bailing out another investment bank.

The most interesting tidbit that I have taken from this is that we were told that we needed to bailout Bear Stearns or other firms would follow suit. Well… we bailed out Bear and now Merrill, Lehman and possibly AIG are about to disappear.

EVENTUALLY THE PIPER NEEDS TO BE PAID! Where would we be today if we allowed nature to take its course and allowed Bear to fail?

Japan tried to prop up their banking system starting in the late 80’S and they are still paying the price today.

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