why is that the federal taxpayers problems come in and fix it for you. isn t that what we elected you to do? is this not a bailout mentality, which we have in america today? after all, we always go back to the wall street bailout. bailing out the rich guys, why can t you bail us out now? we are in dire straits. megyn: that is a compelling argument. but the wall street fat cats that took huge risks that they knew they couldn t sustain they got the bailout. that bailout was paid back with the proper to the central government. megyn: maybe detroit says they will pay it back. but this is part of the moral hazard. the hazard of the bank bailout. it was not just that rewarded with a risky behavior. but they would take it again. but it sends a message across
the board, which is the feds ought to be there to support you if things go wrong. i don t know detroit, whether it is due to bad decision-making. maybe it is just that people move and migrate and so on. is it someone else s responsibility or the responsibility of folks are their? the responsibility of folks out of there. this is a bailout mentality. if you open the door unveiling of detroit, who else do you bailout? there are countless other cities in dire straits. illinois in particular. what do you do? you can t possibly bailout everybody. megyn: it is a deep well that we have to fill. new developments for an 11-year-old girl diagnosed with leukemia. police originally warned that her life was in danger after her mother nature of the hospital. now, we will show you where the pair turned up in what the mother is saying about the case.
to those who do have legitimate hostilities towards the bailout mentality. two wrongs don t make a right and that was one of the reasons i was against the bailouts. i was afraid of the bad precedent we were establishing, the moral hazard. instead of asking for more bailouts. let s condemn those, and rather than blaming wall street for accepting the bailout. anybody is going to help money if the government offers it and why don t we condemn it by making the bailouts available in the first place. what the protesters are protesting, it s not capitalism. they re in favor of it without knowing it and they re protesting the absence of capitalism or crony capitalism. under capitalism that would have been no bailouts for anybody. daniel, very quickly, i just want to ask you as you look at the u.s., do you have words of hope and optimism or do you see us driving off the cliff? first of all, i want to agree very much with what peter said, you know, whatever has happened in 2008, sits not
to those who do have legitimate hostilities towards the bailout mentality. two wrongs don t make a right and that was one of the reasons i was against the bailouts. i was afraid of the bad precedent we were establishing, the moral hazard. instead of asking for more bailouts. let s condemn those, and rather than blaming wall street for accepting the bailout. anybody is going to help money if the government offers it and why don t we condemn it by making the bailouts available in the first place. what the protesters are protesting, it s not capitalism. they re in favor of it without knowing it and they re protesting the absence of capitalism or crony capitalism. under capitalism that would have been no bailouts for anybody. daniel, very quickly, i just want to ask you as you look at the u.s., do you have words of hope and optimism or do you see us driving off the cliff? first of all, i want to agree very much with what peter said, you know, whatever has happened in 2008, sits not
people from the government. but peter, how do you respond to those who do have legitimate hostilities towards the bailout mentality. two wrongs don t make a right and that was one of the reasons i was against the bailouts. i was afraid of the bad precedent we were establishing, the moral hazard. instead of asking for more bailouts. let s condemn those, and rather than blaming wall street for accepting the bailout. anybody is going to help money if the government offers it and why don t we condemn it by making the bailouts available in the first place. what the protesters are protesting, it s not capitalism. they re in favor of it without knowing it and they re protesting the absence of capitalism or crony capitalism. under capitalism that would have been no bailouts for anybody. daniel, very quickly, i just want to ask you as you look at the u.s., do you have words of hope and optimism or do you see us driving off the cliff? first of all, i want to agree very much with what