Bear Stearns

[LuckyTheDog]

If Bear Stearns had imploded in 2009... and, if President Obama's administration jumped in to bail it out, the howls of "SOCIALISM!" coming from the right would have been deafening. But Bear Stearns had the good fortune to implode under a GOP administration -- so the right is silent.

It will be a case study used for years in Situational Ethics 101.

[thunder rising]

1. Good point, with exceptions. Suppose oversight had caught the problem before it started.

The situation was created by the do-nothing Republican Congress. The neocons needed the facade of an increasing market to justify their lies about the "tinkle down" economy, so they looked the other way. "Who'da thunk' that handing out loans with no oversight would bring the US to it's knees.

[MadMaddie]

2. Yes it will....especially since theya re focused on investments

They are legalized gamblers as far as I am concerned and if the government and states don't bail out individuals that gamble they shouldn't do it for corporations.

They have used our tax dollars to shore up this company and the government looks like it will be doing this for other major companies.

Corporate Welfare anyone?

[jlake]

3. Um, when would the RW ever call bailing out a business socialism?

That's reserved for when the government helps people.

[LuckyTheDog]

4. They do, when Democrats do it

Check back and see what they said about the Chrysler bail-out.