Was Our Money Wasted?

The theoretical Dow hit highs of 10516, and lows of 10368.

What most do not understand in the horrible and not so horrible bail out of the banks is two things:

1. A financial crisis that would have ended the value of all paper currency was averted.
2. The brilliant financial team that runs Washington (Wall Street), and the lobbyists, can change any program and divert
regulations or funds, and can still do so.

Was our money wasted? Yes. It was taken from us by the bankers, a second time. Community banks still cannot get money. And the bankers profited again.

At the same time, I believe that Paulson/Geitner were right the first time, and Obama and Geitner the second time.

None of us knew, and none of us even bothered to know, that we had created a bubble of fake money and lifestyles over a 30 to 40 year period that led to our undoing.

Drinking bottled water while on your cell phone in your Chevy Suburban. The kids are in the back seats watching their own videos.

Real life just flies by us.