"You can't build a reputation on what you're going to do." Henry Ford
Sunday, September 21, 2008
Will $700 billion dollars save this market? Treasury Secretary Henry Paulson thinks so, as he is urging congress to act fast on this bail out. I agree that it is necessary to save financials, but it is not the taxpayers responsibility to burden the debt of poor decisions made by greedy bankers. Obviously, regulations need to be put into place to insure that this never happens again. Hopefully some of this debt that we (as taxpayers) are about to own will turn into a profitable investment down the road.