US federal government is creating a bi-partisan remedy to repair current American finance and prevent future calamities. The program would allow government to buy from banks stalled mortgage loans, assets, and investments. Purchases that could conceivably cost taxpayers tens of billions of dollars if not significantly more. Should the government be bailing out private finance at our expense? It is unclear what the effects are if they do or don't. However, there is a basic wrong in rescuing investment greed. Where are the bailouts for education or health care? Two such systems long in decay, whose beneficiaries surely deserve government aid over Wall St. moneymen. Our dollar sign society needs to stop enabling profiteers and start investing our taxes and resources into fundamental core growth institutions like education and health care. The current mess is proof otherwise.
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