Hmm looks like people do read my blog. 😉 With the comment section on the fritz, someone actually had the time to write me an email about my last blog post. I won’t post the email here because it was well rather rude but I’ll address Mr. X’s main statements.

You’re 100% right I have no idea how the financial markets and systems work and that is not my forte. From what has occurred though I think it’s safe to say that neither do many of the banks and investment firms. Come on, a bank going under when does that ever happen? It’s like a casino losing money, it doesn’t (or shouldn’t) happen. Also did the financial institutions around the world share the wealth when they were reaping profits?

A free market system allows one or an organization to make as much as they can but when they fall, there is no cushion. Why should the working people of the world subsidize these entities for practices which are unsustainable. Will the government save me or my company if I/it fails due to incompetence? If these institutions must be bailed out, nationalize them like they’re doing in Europe, don’t just give them a free pass.

I understand the argument that some entities are too large to die and that it would throw the world economy into shambles should they disappear but I do not agree with it. Sure it would screw with the economy for a while but there’s still a lot of money available so someone will stand up and fill the vacuum. Why not let an organization rise up from the ruins which has a good foundation rather than prop up someone who doesn’t?

Lastly this is my blog and I can say anything (within my rights of course) I want. Freedom of expression is guaranteed here in Canada and as long as the comments I made do not restrict or oppress your rights it’s really TS. If you think I am mistake let me know and I can check with a few friends of mine who are lawyers. Please feel free to create your own blog and post your views online for others, pass me a link too so I can comment on your thoughts. 🙂 Thanks for the email!