Richard Lloyd's Podcast on the Psychology of the Economic crisis

The recent podcast of Thinking With Someone Else's Head is on the economy. In the most recent show he talks about entitlement. Our society, rather the people in it feel as if they are entitled to the money they have had (or still do). For instance the companies that went under or were on the brink proposed the very expensive bailout bill to congress, and it passed. These CEOs believe that the money they lost should be given back to them. 'They stabilize our economy,' which is true, but are the people who lost money in the stock market being reimbursed? If one person is entitled to something, and then that something is squandered, it leaves everyone else wondering why they were entitled to that thing in the first place. Now is a great example, these people with bad credit thought that they were entitled to the house they wanted, and the banks thought they were entitled to sell these mortgage loans to other banks. The biggest problem isn't that "no one should be entitled to anything," because people are already entitled to things (the bailout bill), now it is why are they and why aren't we? Please tell me if this makes sense, it is a pretty abstract idea that is hard to grasp, at least for me it is.