Wall Street Bailout

Wall Street Bailout

I have only been studying economics for 9 months when this whole mortgage meltdown started. I immediately forecasted a much bigger problem of consumer debt issues. Credit cards have put a choke colar around the necks of many American Middle Class workers. If you choke the middle class to death in a Capitalist Based society, it is doomed to fail.

No one listened to me when I was talking about this a year ago because I do not have the "Proper" credentials. All I have to say is, "the people with the proper credentials, who have been in this industry for 30+ years seemed to miss this point." So please, listen to me now when I say this bailout is a failed attempt at preventing a Great Depression. From a capitalist point of view a great depression is needed. We need to understand, when we let capitalist greed run unregulated, there will be penalties, and all of the fake money in the world cannot fix it....