Letters to the Editor

This letter is associated with the following article:
Senator Jim Bunning calls the rescue of Bear-Stearns a repudiation of the invisible hand
  • Socialism

    Everyone should be asking this question. How come the banks get to get rich making risky if not outright insane investments, but as soon as they get in trouble the taxpayers are on the hook? This capitalism for the poor but socialism for the rich should have everyone angry--liberals because the rich get away with their mega-bonuses while us poor slobs pick up the tab, and conservatives because it goes against everything they claim to believe in. Which banks are too big to fail? If the tax payers are on the hook for losses, shouldn't we at least get a share of the profits? Jim Bunning is absolutely right on this question, even if he is a Republican.