Word: foolishment
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...make them all the more eager to engage in risky practices in the future? Are we bailing out the very people who created the problem? A lot of the people who created the problem have already lost their jobs, but yes, any bailout risks rewarding the profligate and the foolish. But we're getting to the point where financial sector problems are starting to hurt people who didn't profit from the boom. And you can design a bailout that's not so much a bailout as a new start--such as the Swedish solution outlined above...
...like poor justification for walking alone when you feel unsafe. If the thought of being seen alongside a neon-vested escort sounds mortifying, ask yourself why. None of us can realistically expect to go through life in complete self-sufficiency, and refusing to consider help as an option seems foolish at best. We are lucky to attend a university that provides us with services for the times when we simply shouldn’t go it alone. But it’s up to us to accept that help, and be wise enough to know when we need...
...building restored confidence on real estate would be foolish. How is the country any richer if the exact same stock of existing housing is suddenly worth, say, 20% more? Other markets produce things. They sell what they produce. When prices go up, they produce more. Not so with real estate, for the most part. This market consists primarily of trading the same thing again and again. And you know the old saw about land: They're not making any more of it. Real estate is the only major consumer market in which how much you'll pay someone depends...
...seems clear that George W. Bush will be remembered for symmetrical disasters. His presidency began with the destruction of the Twin Towers by al-Qaeda terrorists. It is ending with the devastation of the Twin Trillions - the money spent on a foolish war in Iraq ($653 billion and counting) and on the bailout of a financial industry gone hog wild during the Reagan-initiated Era of Deregulation. Bush has revived Big Government in the worst possible way: the middle class will pay, in perpetuity, for the sins of the powerful...
Alice is dumbstruck--"Did all the Blackwells think Charlie was incompetent and foolish? Did everyone?" She reflexively rises to his defense. "Charlie wasn't the runt of the litter," she tells herself. "He wasn't an idiot." Not an idiot, surely, but a President of the United States? At the very moment that Alice realizes how the world sees her Prince Charming, Charlie suddenly gets his act together--under her threat of divorce. He is born again as a Christian and becomes the front man for a consortium of businessmen who buy the local baseball team. He is elected governor...