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Originally Posted by pornguy
Using your same argument., Why should a company that could not do business properly and turn a profit with no debt be bailed out?
There is no simple solution to this.
But the business that need bail out money she not get it, they should go out of business. The people with mortgages that they can not pay should lose the home. its that simple. the banks that made the bad loan should also pay the price.
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I pretty much agree and if you read the second paragraph of the original essay it states:
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Who should be bailed out
If we attempt to look at the question morally, no one should. We can take the attitude that those that are hurt by the ongoing economic collapse deserve it. In reality, if the collapse is not averted we will all be hurt. Unemployment will rise, foreclosures will rise, production will fall and the logical end is a total halt to the economic machine of the United States and eventually the world (or vice versa) and then a long slow recovery.
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