Bailouts and Lynching

Depression

30’s Depression

I’ve been reading a little, here and there, to get a feel of what people think should be done with the proposed Paulson-Bernanke bailout.
Its been very interesting, from professor Sheehan who does not see the bailout as a requirement imperative, Buffet’s support with an advice to sell a few of the toxic papers to learn and pay market price, Krugman’s leaning on a traditional approach which warrants buying the securities of troubled companies to privatize later on, to a flooding of mail and telephone calls to lawmakers from enfuriated taxpayers whose majority outright oppose any bailout and a minority agrees to a very restrictive one, with a healthy dose of wall street exec lynching.

So, will the elected lawmakers approve this necessary piece of legislation, with 99 out of 100 taxpayers opposing the bailout?

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