Chasing Solomon

We are witnesses to the biggest bailout in human history. There is certainly a lot of financial anxiety going on these days. The media has flooded the news with the government bailouts of Bear Stearns, Fannie Mae, Freddie Mac, Lehman, AIG, and now the government receptacle of the toxic debt which is estimated to be around a trillion dollars. People debate whether the bailout is right or wrong. People argue whether it is a moral hazard the way the government is bailing out these companies. What happens to us with or without a bailout? What will these bailouts ultimately cost? Who is going to pay for it all? All of these are great questions that need answers.

There is so much finger pointing and blame game going on that it will make your head spin. Know whose fault I think it is? Everybody’s. There was no individual responsibility when people took on more debt than they would ever be able to afford to pay back. Mortgage brokers, banks, mortgage companies, appraisers, Wall Street, government agencies, Congress and Presidents all are to blame. But I don’t see what good a bunch of blaming is going to do. It certainly isn’t going to fix the problem. We are all in this together at this point. So it seems like without a rescuer, we are doomed. The focus need not be on who is to blame. The focus needs to be on the one who rescues. And when that thought crossed my mind….

WHO IN THE WORLD IS GOING TO RESCUE US FROM WHAT SEEMS LIKE CERTAIN DOOM? Details