Quote:
Originally Posted by Willravel
I think we need a fiscally responsible plan with oversight and transparency.
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well the most fiscally responsible plan would be to let the banks fail. I'm sorry, and yes it sucks..and will suck, but that's what happens when you write bad paper. If I own a small business and I make dumb choices..I lose my business.. it shouldn't be any different just because you are a bank.
Why should the government bail these companies out?? All the red flags have been there for years.. nobody seemed to care.. partly because they thought they were big enough to get by.. and partly because in the back of their mind they figured the government would bail them out. I say call their bluff and let em fall. Maybe if enough pain ensues, the people will learn how to run a company.