It is not an either-or situation. There are better alternatives. Let the big cats and any other speculators fail. Let them lose their shirts. They gambled. If they had won they would have wanted to keep as much of those winnings as possible. If they lose they should take the hit.
I agree. We are not very far apart in our thoughts in all this.
So, AIG is about to fail. They have 1/40th cash, the rest is just notes. If those big cats fail, that little bit of cash will not protect your, my, & our neighbor's investments. Us little fellas will be holding worthless paper. You & I (if neither of us has any stocks, we do agree a lot of 'little people' have retirement investments socked away in all sorts of funds that these big cats hold?) can easily lose more than $1300 a piece......
GM, Ford, & Chrysler say they are ready to fold up. At the least, they will need to reorganize. Should we let them? Let those fat cats hang themselves? But - they will close up manufaturing, re-invent themselves over in China importing cheaper cars from there. Instead of the big 3 manufaturing companies, we will have the big 3 import shops. They are heading in that direction slowly as it is. This ecconomy could make that a 2 year deal. 100's of thousands of us little guys will get laid off.
Who gets hurt - the big fat cats, or the little guy like you and me?
The little guy has gotten $600 from the govt, sounds like that will happen again. A lot of morgages have been re-written. Energy, phone, & other bills are routinely forgiven to the little guy. So, the little guy gets a lot of handouts too - might be small individual $$ amounts, but to large numbers of people it amounts to a lot of handouts.
When the chips are down, what do we do? Who really gets hurt if we let the fat cats die off?
We would need to change our whole society to make your principles work. And I _like_ your principles, I agree with the ideals you have.
But here we are in 2008, with the ecconomy & workforce & fat cats we have.
What do we do today?
Let the fat cats fall down - and watch everyone become unemployed, everyone's retirement wiped out, all jobs going to other countries?
What do we do today? I suppose you say we need to start sometime.
Can you see my point tho - the little guy gets hurt worse when the fat cats fall down in our current acconomy?
Your business with hay & hogs and how you do buisness is about perfect. No critisizm from me. You are basically doing the same thing the fat cats do. They have much more volume and area to cover, and so they use middle men to help them make it all work. You are small enough to do it all on your own.
Same business model, you are a loaner, fat cats use a group of people to do the same things.
Nothing to disagree on there. What you do & what fat cats do is the same thing. Sounded like you were arguing against their ways, but it's the same thing, only different size is all.
Well, I have 5 acres of corn to harvest yet, and it is raining on frozen ground here. Miserable. I spent 2 hours yesterday chipping frozen ice/snow out of my picker & elevator to unload the few wagons I had picked at noon, so I could pick another round of wagons after sundown when the ground froze.
Get to do that all over again this morning, with freezing rain falling on me. I'm _so_ ready for harvest to be over this year.