Originally Posted by Shotsie

Nobody is blaming "rich people" in general, at least nobody with half a brain. The reason they're at wallstreet is because that's where these financial institutions are headquartered. Where exactly is AIG located? The insurance company that created credit default swaps, made billions in profit off of them and then went bankrupt when they had to pay out?


And if we had allowed these banks to fail who would take over the American banking sector? The federal government is keeping them on life support because if they didn't the shit would really hit the fan. We owe China over 1 1/2 TRILLION dollars, our number one export is debt, who do you think is going to take over our banking system if we let it fail?