posted on Nov, 23 2010 @ 04:19 PM
reply to post by boredsilly
Countries bailing out banks and then becoming bankrupt themselves - idiotic.
If bank bankrupts - people loose only the money that they have in bank.
Therefor rich people looses money but not middle class or lower class
which makes up more than 90% of population. Oh damn. It just clicked
countries go bankrupt just because rich people don't want to loose money
if banks goes bankrupt.
So when countries goes bankrupt. Who looses? Middle class and lower class -
again simple folks pay the price. Because IMF bails out country
and then orders government to raise taxes, reduce health care,
benefits and so on.
No one should ever again bail out banks. Why?
Because we will pay the price again if it happens.
Let rich people - businessmen, banksters, politicians
pay for their mistakes.