It was incompetence that ran rampant

So what is happening to the economy, really?

At its core, we see the consequences of a malignant American mind-set that thinks you can get something for nothing. No income, no job, no assets? No problem.

In a nutshell bad mortgage loans, loans that should never have been made were bought up by financial institutions. In a sense, everyone drank from the same bottle of poison.

That there must be a bailout is a no-brainer.

That executives should receive a single penny for their incompetence is an outrage.

Oh, and Barney Frank, who ran the Freddie/Fannie congressional committee that sanctioned those bad loans, I say throw him out.

Those loans were the first domino that set this mess into motion. If ever there was a time for bipartisan cooperation, it is now. Pay attention Congress.

In the meantime, I expect a stock certificate with my shares of AIG. I did just buy them.

Steve Quick

Arlington Heights