I chose "neither" at the time, but nobody listens to me. In '08 I had owned my house for 10 years, and never refi'ed to cash out equity, so when the inversions started hitting I was not a part of that mess. Many other people were prudent as well, and we resent having to bail out people who were not.
I don't like "Main Street" bailouts, either. First, the term "Main Street" is nebulous, and secondly I don't like government wealth transfers for any reason whatsoever. When government gets involved in such transfers, the rule of Robin Hood is best observed: "He took from the rich and gave to the poor, except what he kept for expenses."
Right. Those of us who made sacrifices to get it right were stuck with the tab of those who misused, abused, and frankly, looted the system.
