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About Me
- Kiley Newbold
- Professionally, I am a marketing/sales/business/entrepreneur guy. Personally, I am a father to the cutest little boy in the world. Sometimes I am an aspiring ultrarunner. And all the time I am student of the way people communicate, the communities and relationships we build, and the way we make decisions. I am in awe of the power of the human spirit. Part hippie and wanna-be philosopher, I thrive on creativity, progress and positivity.
2 comments:
I follow a great blog by Rollins Financial and Joe Rollins points out that it's not technically a bail out. If I understand correctly, the government is investing the money to free up capital for the banks. The taxpayers get the money back with interest. I think that's what he said, anyway.
History tells us that when Wall Street asked for help in 1929, the government did exactly NOTHING to help.
Then the crash.
Then world practically ended in terms of the US financial markets for many years, and nothing but intense socialization via the New Deal (WPA programs) and a World War brought us out of it.
SO, "YES" the government should do SOMETHING, but the fact remains that the wall-street titans have been gambling on OUR money for years, creating magical, mystical financial instruments that can't even be truly explained by the people that made them.
TAXPAYERS won't see a red cent in our pockets from this, but what is clear is we need to unfreeze the financial markets, but we ALSO need to tighten our belts as a NATION.
I won't be looking for any handouts anytime soon.
Welcome to the USSA :)
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