Ben's Car Wash
Conveyor & self service
So we are all "Capitalist" right? And if we make a bad choice, poor judgement or just bad timing in when or where we build.... and we go under.... is someone gonna shore us up? Capitalism is brutal. Failures happen and they suck. Something like 50% or more startups go out of business in the first year. Yet the Fed wrote something like 35 million Friday to Bears Stearn's until Chase bought them at $2 a share (from a high last year of $150 a share). Now if the Fed doesn't get the 35 million back... they "write it down" that is as a "loss". That means you and I foot the bill to shore up Bears Stearns because they took risk... and failed!
Personnally... I'm apppalled! Sure it would have sent a shock wave through the financial markets. Sure others might fail.... but that is CAPITALISM. For a government to subsidize or bail out businesses is SOCIALISM or FASICISM. IMO... it delays the bottom, the eventuality.... let it happen so we can recover QUICKLY! Instead we're going to be subject to 3-4 more big investment bank bailouts over the next few months (and we haven't even hit the 1st Q of 2008 yet).
Just wonder where YOU GUYS FALL? I guess I'm just a LIBERAL RIGHT?
Personnally... I'm apppalled! Sure it would have sent a shock wave through the financial markets. Sure others might fail.... but that is CAPITALISM. For a government to subsidize or bail out businesses is SOCIALISM or FASICISM. IMO... it delays the bottom, the eventuality.... let it happen so we can recover QUICKLY! Instead we're going to be subject to 3-4 more big investment bank bailouts over the next few months (and we haven't even hit the 1st Q of 2008 yet).
Just wonder where YOU GUYS FALL? I guess I'm just a LIBERAL RIGHT?