On Mon, 17 Mar 2008 16:09:40 -0400, Eisboch wrote:


The POTUS isn't a babysitter for our personal lives and investments.
Or at least he/she shouldn't be. In a free society, adults are
responsible to research risks, weigh the advice of experts and be
responsible for their choices.

And Bear Stearns isn't? I don't get it. Last year, Wall Street paid $38
billion in bonuses. Perhaps, they should take up a collection for Bear.

http://www.bloomberg.com/apps/news?p...d=ahE8xVisWsbE




If those collective choices lead to a significant risk to the *US*
financial structure as a whole, then the POTUS should act, as Bush did
this weekend, supporting the sale of Bear Stearns.

May be a very bad precedent. Investment houses have gone bust before.
I see no reason to be bailing out Bear Stearns.