Can anyone come up with a convincing argument why the porn industry is not every bit as deserving of bailout money as the financial institutions that have already received it?
The Pope ( in this case the Fed) is hearing confessions and more and more businesses are stopping in to repent. What is the common theme? No one is making any money. From Joe sixpack up to the largest corp, the common denominator is everyone is living on credit, hocking the future. Regulations, lawsuits, energy costs, unfunded health care. pensions. From the lowly to the wealthy, it's all a big charade. We all are just churning what little value there is in the market place and the big numbers are lies of unpaid debt.
They are certainly deserving, if any industry has taken it on the chin more than they......it's been hard on them all. There's no place more in need of having sagging assets being propped up, can't have those big ones fail. Bernanke needs to open up the spigot for them, so we can get this nation back ontop.