This bailout reminds me of a story I heard once. This father has two sons. The two sons are comming of age and the father know its' time for them to go out on their own to discover the world they leave in.
So before they set out. The father who's been saving up for this moment gave them each $100 to get started with no strings attached. $100 at that time is worth about $10,000 in todays' market.
The two sons were so eager to finally get out the old mans' house. With pocket full of money and youth on there side. One went East and the other went West.
The son that went East decided he want to start a small business. Will name him Eson. The son that went West decided to party and want to paint the town red. Will name him Wson.
Over 5yrs. has passed. Eson with his business did so well, even got married and went back home to his father to introduce his wife. Gave him the $100 back pluse interest.
Wson also went back home. Told his father that the money he gave him was not enough to get his life started and he is broke and want more money.
The Father felt troubled and sorry by his Wson story. that he gave him his blessing and more money.
This is the point I'm bringing out with the bailout. Why are we rewarding poor performance.
My take on the bailout and I know there is no easy ans.
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