Ironic

$700 billion, wow!!! And that's in addition to the money we've already given to bailing Bear Stearns, Fannie Mae and Freddie Mac. And let's not forget that the executives of these companies are getting FAT compensations. (Please note this is FAT, not PHAT with a capital P.) The most interesting part of this system (i.e., you become a huge juggernaut, invest and spend your money unwisely it comes back and bites you in the ass and the taxpayer - not the government, note, their just the ones directing our money unwisely - comes and bails your a$$ out) is that this bail is coming to those that espouse the Free Market or Capitalism the most. We've learned, though however, that only when the free market is without regulation do they believe in it and working in their favor; but when it fails "we need the government to bail us out"; and thus, the taxpayer foots the bill.

What I find most ironic, is that back in 2005 Congress passed more stringent laws making it more difficult for the average man to file bankruptcy. In other words, if you are falling on hard times because of bills due to a lost job or from an illness you will find it more difficult to file bankruptcy and negate your debts. And who lobbied Congress to pass these laws? The banking industry and credit card companies. The same people we are being lobbied to bail out now.

What do we learn from this? If you're a big corporation with a lot of money, just not enough to pay your own debts, go lobby Uncle Sam and they'll save your ass. If you're a small ordinary citizen, you're screwed. Either way you're stuck with the bill.

nuff said