Comments on: Cramer Loses It http://www.investingintelligently.com/2007/08/07/cramer-loses-it/ Not just another (Canadian) financial blog Fri, 05 Dec 2008 11:38:33 +0000 http://wordpress.org/?v=abc By: traineeinvestor http://www.investingintelligently.com/2007/08/07/cramer-loses-it/#comment-7020 traineeinvestor Wed, 08 Aug 2007 08:18:37 +0000 http://www.investingintelligently.com/2007/08/07/cramer-loses-it/#comment-7020 I have to agree. I fail to understand why one section of the economy deserves to get bailed out by the rest of the taxpayers because they were stupid and greedy. Let the banks and their shareholders take their losses - just like the rest of us have to do if we make bad decisions with our money. If a few banks go broke - well the system will recover eventually and everyone will be a bit more prudent next time around. If they get bailed out then the message is that it is ok to be dumb and greedy as a matter of usual business practice as the taxpayers will always be there to bail you out. I have to agree. I fail to understand why one section of the economy deserves to get bailed out by the rest of the taxpayers because they were stupid and greedy.

Let the banks and their shareholders take their losses - just like the rest of us have to do if we make bad decisions with our money.

If a few banks go broke - well the system will recover eventually and everyone will be a bit more prudent next time around. If they get bailed out then the message is that it is ok to be dumb and greedy as a matter of usual business practice as the taxpayers will always be there to bail you out.

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