Quote:
Originally Posted by pan6467
So the responses I got from Dippin and Dc were in a nutshell:
What you propose is spending too much....
Yet it's ok to give BILLIONS to the banks that raise credit card rates, fees and are truly doing nothing to help people.
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Who said anything about being ok?
What I said simply refers to the math of it all. You can't solve math with emotion.
The banks that are failing are failing because they owe more than what they are worth. That is, the assets that they have are worth less than the obligations.
You want them to extend more credit at lower rates? Great, but to do so will require even more money from the tax payer. Whether they are "nice" or "greedy" doesn't matter.
Oh, so you then prefer to let them fail? Great, too, except that this will also require money from the tax payer.
The problem is not that we think what is being done is "ok,"
The problem is that the solution to this is not to propose mathematical impossibilities and then try to cover up that fact with outrage.