Sep 28 2008
∞
“ The logic of the bailout appears to be that if you recklessly loan too much money to people who probably can’t pay it back, you’ll be taken care of. Of course, if you happen to profit, you’ll get to keep those profits, but if you lose out, you’ll be taken care of. If you recklessly borrow money that you can’t pay back, the Congressional Democrats will work to make sure that the bailout package includes some relief for you. Because, really, why should saving instead of borrowing be regarded as a virtue? And if you wisely save money instead of either lending too much or borrowing too much, then you get to bail out the lowlifes who borrowed too much and loaned too much.
— Thoreau, Why play anything safe ever?