Roland Sledge of the great state of Texas has a message for you: Elect political leaders who have sense enough not to pee on electric fences.
A valuable lesson, but it begs the question of why is he just watching that poor sucker get electrocuted and not offering his wisdom and leadership?
If you read the CNBC article he cited, his buddy Sam Zell actually argues for the necessity of the bank bailout but against helping the housing market (and presumably the poor folk who live there).
“If our banking system didn’t work, the calamity is almost immeasurable”.
So action is required to help banks, but a different standard applies to you and me because, you know: “the elements of the business world take care of the problems”.
A quick reminder for Sledge, saying “things will take care of themselves” is NOT leadership.