Posted by Ken C. on Friday, October 12, 2007 at 09:10:59 :
In Reply to: Re: Serves everyone right.... posted by David Sherman on Friday, October 12, 2007 at 02:12:35 :
At the risk of taking this too far off topic, I'll have to agree with David on the fear of the Fed bailing out those who made a bad, risky decision.
Since when is it the responsibility of the Fed to protect the stu ... I mean igno... (trying to come up with the appropriate Politically Correct term)... those who do not understand risk?
Bankruptcy laws are already lax enough (even with the recent tightening).
In my humble opinion, this ever-increasing, expected bailout of any bad decision made is leading to the "entitlement mentality" of the citizenship of the US.
Unfortunately, a people that grows dependent upon the teat of the mother sow becomes comfortable, lazy and a ripe target for totalitarianism. As Juvenal would put it - they'll cede power to anyone who promises them "bread and circuses".
Review the facts, make your decision and live with the consequences!!
Obligatory Power Wagon Content - bought some Co-Op Grip-Spurs for my W200 last week .... love the look and performance!
Ken C.
'64 W200
'69 Road Runner
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