Should the federal government bail out banks?

Submitted by Susan Young on Mon, 03/31/2008 - 20:14.

The federal government has taken the unprecedented step of backing JPMorgan's buyout of investment firm Bear Stearns. Should the federal government be bailing out private banks? And if so, should U.S. taxpayers benefit if the company recovers and flourishes? And a related question: Treasury Secretary Henry Paulson is urging changes in federal regulation institutions so they can better head-off any future financial crisis, such as the subprime lending debacle. Democrats say the plan doesn't go far enough, leaving too many loopholes. Should the government rein-in banks, and protect consumers from themselves? Or is "buyer beware" the best strategy?

should the goverment bailout banks

the government should not be bailing out any orginization that has practiced bad business. banks,airlines,oil cmpanies, etc make huge profits and then pay outrageuos salaries to the people making the final decisions on business matters. when the business goes under these are the people who should be held responsible,there are no garuntee's for stockholders either. investing in companies is a risk. take them on your own. I don't need to pay for your bad decisions,nor should the public(higher taxes to make up for the bailouts.)