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If the race to have the latest fashions and gadgets was like an endless, ever-faster video game, then someone has pushed the reset button.
How could youths better learn to live than by at once trying the experiment of living? H.D. Thoreau
It is a characteristic of wisdom not to do desperate things. H.D. Thoreau
Mr. Paulson made his first proposal for a sweeping bailout of financial institutions on Sept. 19, 2008. He asked Congress for $700 billion to use to buy up mortgage-backed securities whose value had dropped sharply or had become impossible to sell, in what he called the Troubled Asset Rescue Plan, or TARP. As originally outlined, the government would have bought up toxic mortgage-backed securities at a premium over their current deflated values. By paying ''hold to maturity'' prices, Mr. Paulson said, the government would provide troubled firms with an infusion of capital, reducing doubts about their viability and thereby restoring investor confidence.... New York Times. They fail to mention the 700 billion dollar defict that the American taxpayers will be paying off with their hard earned money for generations. This is a desperate move by the congress to salvage the economy.
The savage in man is never quite eradicated. H.D. Thoreau
Things do not change; we change. H.D. Thoreau
Extravagance Has Its Limits as Belt-Tightening Trickles Up
