Question by DeFreeze: How does the bailout address the more esoteric causes of the crisis?
For example, the creation of “exotic” financial instruments, securitization of mortgage debt, etc? Any ideas? I’m learning here folks, so if this question seems overly simple or even stupid, keep your silly comments to yourself.
And isn’t what Wall Street, et. al. did with these bad mortgages similar to what Andrew Fastow went to jail for at Enron?
Best answer:
Answer by Dave
I am wondering the same thing myself. The bail out helps the people that created the mess. The bail out will destroy out currency. This is not a good idea.
What do you think? Answer below!