Quote:
Originally Posted by kane
This has nothing to do with the stimulus bill. Sure, addressing the banks in the bill would have been great, but they didn't it looks like he looking at them as a separate issue. That is all I was saying. Cutting them off of nationalizing them is a big step and could have heavy ramifications. It could greatly effect what he is able to do in the future so I see nothing wrong with proceeding with caution.
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Ok so in the midst of the greatest economic crisis the world has seen Obama decides to pass a half socialist/half debt deferred to taxpayer bill?
He is taking action, but not on the right things at all. Stress test will only make banks horde cash, you think they are going to lend while the government has them under a microscope? Worst idea ever. You expect capitalists who are competing against each other to act equal? They are gonna all try to pass the tests and I bet the administration comes out of this with not a fucking clue as to which ones they should save.