Excerpt from recent TIME article: "Let Risk-Taking Financial Institutions Fail"
http://www.time.com/time/business/article/0,8599,1845209,00.html?cnn=yes "The [currently proposed] bailout will involve a transfer of wealth — from the American people to financial institutions engaging in reckless speculation — that will be the greatest in history. " "Rescuing financial institutions is not the best solution. Yes, banks are needed to provide capital to businesses. But it is not necessary to spend $1 trillion to maintain liquidity. If the government is to intervene, it should pick and choose which claims to purchase; claims that are directly tied to mortgages would be a good start. " * * * * * No wonder the peasants are rebelling. Regards Steven Vincent Johnson www.OrionWorks.com www.zazzle.com/orionworks
