The Impending Financial Meltdown That Will Destroy The World

I have been asked my opinion on what I think the feds should do about the impending financial meltdown that is mere seconds away from creating chaos throughout the galaxy. And here is my answer: Don't do a fucking thing.

Let the banks fail.

Fuck them.

Why should the American taxpayer subsidize useless banks for their bad MBS paper? Is this not a free market economy we have running? Why should these garbage banks be bailed out while other banks that made good decisions get nothing?

Auction off all that paper and let the chips fall where they may. If they don't get their price, then they fail. If they get their price, they stay open.

Let's be clear here for a second: The owners of these MBS paper expect the government to give them a sweetheart deal. Meaning, they expect the government to give them a price significantly higher than if they had to auction them off in the secondary market. Why should they get a better deal---FROM YOU!

Most of the pointy heads who run the banks, and most of the government should be shot on the spot for what they did to you, the American tax-payer. Now they want another $700 billion OF YOUR MONEY to bail out their buddies and themselves? Puhleeeeease. Fool me once...

Let the bad banks die off (hopefully a very painful death), and let the good banks pick up the pieces and run with it.

There is no financial crisis, the sky is not falling. The only thing happening here is that the thieves are banging at your door. The question is, will you answer the door and let them in, or open the door with a shotgun in your hand?

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