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The way my father and grandfather described the great depression they lived through I think I would rather have the government step in. There must be some way to implement a system that will not result in a few banks taking us all down. I don't know if this will crash the economy as bad as the '30s but if it is close then it is not worth hanging on to free market ideals.
The incompetance of the CEOs of these companies is unbelievable. How much more do the stockholders have to increase pay to attract people who know how to run a company. I can understand 1 or 2 banks screwing up but why so many tied their (I guess I should say our) futures up in this toxic paper is beyond belief. This sort of thing will cause many more people to loose what little faith they have left in the free market system.
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