Debate: Should taxpayer dollars be used to bail out a private company?
Side: No

YOUR TAKE: What free market are you talking about? Because the one we're in today has never been free.My take: It is not free because of ridiculous government regulations.---YOUR TAKE: Have you seen the dollars rally lately? All indications point to a strengthening dollar, not a weakening one. You see, the whole world is behind the US about a year (when it comes to the market) So we've been slowing for a year, but now so is europe, china, japan, etc... This is slamming the value of their currency and increasing the value of the dollar.My take: Strong? umm Look at god VS. Dollar today and 10 years ago, and the rate of gold going up. FAIL!---YOUR TAKE: The Fed didn't create money out of thin air. they had a huge nearly trillion dollar bank account. and they are using it to LOAN not CREATE money. In essence, they are adding no liquidity, meaning the funds are sterilized against any inflationary pressures. Just read up a little bit more about it and you'll see for yourself.My take: There would be nothing for us to loan if that loan wasn't out of thin air. So what money again? And who's bank account? And how does that trillion dollar become trillion dollar again? Money is never a definite value of what you have. Resource is. ---YOUR TAKE: I agree, we do need a recession, but we don't need another Great Depression. But Peter Schiff also thinks we don't need any market regulation either. Last time i checked, we're in this mess because the Fed never regulated banks lending practices properly. And in fact, this whole mess is due to less regulation in the financial industry over the course of the past 20 years (think graham,leech act).My take: Because of regulations made American STUPID! People should educate themselves with all big decisions, NOT BUYING 900K $ houses when you're fucking 19, and I've seen it. ---YOUR TAKE: That $85 billion to AIG will be paid back.. at an 11% interest rate. It seems to me the government is making out like a bandit. And should AIG stock move higher, the government can sell their 79% stake and make even more money.My take: AIG is a fail business. Done! Why bail, they suck. When people learn not to go for certain company for certain reputation, they will know to be much more careful with every decisions they made and not fuck it up. Again, why do we have to pay for someone else's mistakes.---YOUR CONCLUSION: In the end i understand the need for what's happening today. I don't completely agree with the way the Fed has done it. But i think the repercussions (a worldwide depression that could start huge wars as foreign economies US debt all becomes worthless at once) if we don't do it are far worse.I also happen to think that the government will end up profiting from most of these bailouts. They aren't just handing out free money. they are all on loans, and for the most part, the fed is buying assets at ridiculously low prices. these are assets that - although they won't do well - should mature at a higher value then what the fed paid to acquire them.My conclusion: The only thing I don't agree with your conclusion is that we owe it to the government when the government made bad decisions by lending money to companies that made bad decisions by paying CEO and employees way more than they should to fuck it up.