10-05-2011, 02:35 PM
|
|
It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
|
Quote:
Originally Posted by Jesus H Christ
I absolutely don't support the Fed Reserve "re-capitalizing" banks with our tax dollars ...
Unless the Fed let some big banks fail, confidence in the Capitalistic system can't be restored and it will only get worse.
|
Quote:
Originally Posted by Barry-xlovecam
In light of this situation, I would support reasonable governmental efforts to temper the ...
|
I said reasonable. I was a mortgage lender/broker in California years ago and I foresaw the bursting of the mortgage bubble -- to me it was obvious and those involved should have been subject to controlled liquidation.
I would much rather had seen a WPA like project funding or infrastructure improvements like the TVA of the Great Depression era -- there would be both short term constructive work for the unemployed and long term benefits to the nation.
If we are truly a capitalistic society those capitalists that fail get eaten ...
|
|
|