There's hundreds of billions of stupid mistakes that brought us to where we're at right now. Along with hundreds of thousands (if not millions) of stupid people irresponsibly obligated out of their league. Plus a dozen or so gy-normous wall street players engaged in a drunken orgy of stupid games with other people's money while a democratic socialist controlled congress slept at the WAKE UP STUPID! switch.
But like the man said, "You can't fix stupid."
So what makes us think some political savior in the Oval Office can pull hundreds of billions of rabbits out of his, uh, hat to repair all this stupidity??
Isn't congress the established entity for legislating regulation? Are there not stacks of legislation already on the books for over site of banking & finance?? If not, then legislate more legislation! Plus, isn't the FTC SEC* & the Fed responsible for implementing the regulations and calling to account those STUPID ENOUGH to get this deep into troubled waters???
And why is that stupid people should not pay for their own stupid mistakes with their stupid money???
Up next: Years of fruitless congressional investigations which the fools on the Hill will point to as justification for their self-deluded existence. ZZzzzzzz.
*sorry. had my head up my
Fairy tales do not tell children the dragons exist. Children already know that dragons exist.
Fairy tales tell children the dragons can be killed. - G.K. Chesterton