 Quote:
Originally Posted by jimhcom
The simple fact is when you susbsidse irresponsible behavior you get more irresponsible behavior.
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This is true, as far as the simple facts go. BUT -- the more complex facts are that if you don't do something to help "subsidize irresponsible behavior" under the current set of circumstances you could allow something far worse to happen.
Doing nothing and letting the banks rot for their bad decisions, while satisfying in some sense, would be disastrous for the entire economy and not just irresponsible lenders and borrowers.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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