Tuesday, October 6, 2009

It's Jimmy Stewart's fault

No, not our State Senator. I'm referring to the actor. He's the cause of our financial problems. Or at least, the thought process that he espoused in "It's a wonderful life".

He didn't have enough money in the bank to pay his obligations. (just like our modern banks) Yet, for some reason, we think he's the good guy in this movie.















If we had a few more Mr Henry Potters in this country, we never would have had our banks fail.



One last thing, we need to get rid of the government run FDIC insurance. Why should the banks be good stewards with your money when they know the government (taxpayers) will bail them out after they make risky decisions.

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