look i'm not in favor of the bailout.
i actually wrote my republican rep a thank you note for voting against it.
but your analogy still stinks.
here's a little econ lesson for you.
the much haloed idea of efficient markets requires lots of assumption.
one of the biggest is perfect information.
in simple times where folks were trading cows in market, buyer beware might made perfect sense. Hell if your neighbor buys a shitty cow that was his decision right>?
but in 2008 you got to have the government involved to aid in information.
That is unless you like feeding your children dangerous food, driving unsafe autos, or having the government blow a trillion bucks on financial bailout.
The country will be truly fucked when a majority of people START claiming ignorance is a justifiable excuse. It goes back to the theme I've harped on a million times. Any favor you think you are doing for people by absolving them of personal responsibilty is no favor at all. If you teach people it is not their fault they were victimized when they are at least partially to blame for it, how will the learn not to repeat their mistakes in the future? It isn't asking too much of people to take a moment to consider whether they are buying more house than what they need and can afford.
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