I was actually just telling my girlfriend: I think for the first time in my life, I actually feel some degree of confidence in democracy. Although in the back of my mind is still the possibility that this is part of some kind of larger scam, it doesn't seem likely. That kind of voter participation in the democratic process seems hard to predict. I, for one, was very very surprised. In a good way though. This makes my job much less secure, but I'm still happy.
No....now its time to construct something better.... A lot better..... As hard as it is on emotions right now..... Something better is coming.... Everyone knows something was not right about this....
Look.... Stocks go up and down... True Capitalism is suppose to go up and down... Socialism is a flat dull inhumane plain built for fucking rats and sheeples.... ................................ What needs to happen is to allow reconstruction..... And a truly better system....this is how bad it needs to get.... It is tough buddy......but it is what America is all about..... The up and down provides the opportunity...... No up and down , no opportunity.... ...............................................
This is causing me (and others, including Warren Buffet in GS) some short term losses, but if those losses allow us to create a new, nimbler, more efficient, and smaller Wall Street/banking system, than I think it's a good thing. I also think it's better to accept some losses now than to accept the long-term political consequences of this bailout, if it would have ended up being costly over the next 5 years (in terms of the government losing massively on quantities of toxic debut). In particular, a tax on trades might have set the industry back 20 years. (If it costs .25% tax to trade, then why not just go back to $125 commissions of the days of old?) But that's all just my opinion -- neither I nor anyone else probably knows with any measure of certainty the long-term implications of the proposed bailout.