Quote:
Originally Posted by BrotherLovesDub
i love when rich people suffer.
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Unfortunately, this isn't about rich people suffering - it's about all of us. The market lost 1.3 trillion dollars yesterday. That's not just the money of rich people, that's all of our retirement accounts, investments, etc. disappearing at a rate of, if I remember what I heard correctly, 2 billion dollars a minute yesterday afternoon.
That aside, I can't say I love it when "rich people suffer", myself. I guess I never associated "rich" with "bad". I've known many rich people who are very good indeed, and don't deserve to suffer any more than the rest of us non-rich folks do.
Personally, I don't like the idea of bailing out these companies that have created the problem we're in to begin with. But as far as I can tell,
not bailing them out would actually hurt
all of us even more than what happened yesterday. We need to do it smart and fast.