One important lesson, I believe, is that bailouts of major corporations in any and all industries are counterproductive to long term economic health. And not simply direct infusions of cash as loans, tossed like gargantuan life preservers, in moments of greatest perceived dread. I’m talking about the bailouts the US government gives major corporations every day. The excessive fees forced on customers by certain banks, not to mention the predatory lending practices of the mortgage industry (coupled with the remarkably stupid borrowing of certain homeowners).Alec Baldwin on his lessons from Occupy Wall Street.
Hmm, that almost sounds like a Tea Partier. Although not if you read the rest.
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