As the financial tornado sweeps through Wall Street – and Main Street – we all sit and watch, wondering how far its ill-winds will reach.
If I lived in the USA, which I don’t, and had bought a home, which I haven’t, and which was now repossessed by the bank, I’d be pretty angry. Angry that those at the top of the financial food chain were now being bailed out by – me – and every other taxpayer in the USA: what happened to capitalist markets finding their own level? Perform or die? Eat or be eaten?
Has this Govt. bail-out, sorry, ‘rescue package’, changed the financial rules?
Is it now ... when we profit we grow bigger, when we loose you pay, with your house and your taxes – heads I win, tails you lose?
All this adds to the interest of the USA elections … makes our local concerns seem small in the scale of things … and once again makes us in the rest of the western world wishing we had a vote too – after all, we have to live with the results so it only seems fair.