Quote:
Originally Posted by slapass
You have to say this was so weird that we stepped in. Not being partisan but it was even weirder that it was Republicans who did it.
Now that we have saved the insurers of all of these bad loans can banks go back to being banks? Citi and AIG were the two biggest insurers.
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well... lets keep it in perspective.. there was the initial failing of AIG which stunned everyone. It was only well after that the actual scope of the problem became clear that everyone decided that if we keep tossing more money at EVERYTHING, lifes problems will just melt away. I can understand and even forgive an initial of helping a company like this in its situation, thinking that could stem the bulk of the problems. Once the Citibanks etc start coming forward, its time to come to grips with the fact that you can't save everyone that got into trouble.
this issue isn't a partisan issue. both sides are equally at fault.. but trying to save a few companies thinking that could stem the potential tide of massive financial woes, is a bit different than actually doing that, watching the money get wasted/deposited/sat on and not get put to use, watching company after company after company say they need billions too... then trying to give it to them in ADDITION to trying to print and spend over 1 Trillion dollars to "stimulate the economy"
A BASIC FACT OF ECONOMICS 101 - you can't spend yourself to success. if we could, we would just be printing and spending money all the time.