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Comment by Angostura | Hacker News Reader

If AIG went down, do you in some way think you would find it easier to get a loan. On the contrary, I think it would be unlikely that anyone would be lending anyone anything.

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I'd prefer to see the government take even half the amount of money and offer lots of smaller grants/loans to innovative entrepreneurs to launch our country into the next wave of growth. That's where the new jobs and economic growth will be. Give it to people creating value.

Do you have any idea how many such programs already exist? They all end up funding catfish farming research programs in Robert Byrd's territory. You seem a bit naive of the real function of cheap/free government money.

You make it sound like that's a bad thing.

Lest we forget that easy credit and living above our means is what got us into this mess in the first place.

I have been building savings since I was 15. I have a fair amount of money in the bank for someone my age. I WANT it hard to get a loan. I want all these other people with no savings cut out of the market for housing, for business opportunities, for education. That would leave me first in line.

Propping up the credit market is, yet again, screwing savers like me in favor of the spendthrifts.

Sometimes, you have to resign to win. If you want to keep these people off of education, how can they improve their own situation? Does this benefit you?

btw: what's your age now?

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