Quote:
Originally Posted by pigman
Someway the goverment needs to put in money into the banks, the banking sector needs money to work. Right now its like a car with no gas.
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My problem with this. For those too young to remember, but back in the 80's we had the S&L( that's savings and loan ) scandal and the American people had to bail them out and we were told it was necessary. Now here we are 20 years later same shit, different day. So what is the motivation for them to not fuck up again if we bail them out? There isn't any. In 20 years when this is forgotten they can fuck up and they KNOW the American tax payer will bail them out because we had ALWAYS did. You don't change behavior by rewarding the same bad behavior.
They say if there is no bail out credit will be tight. We maybe that's good. It seems being too generous with credit is what caused this whole damned thing in the first place. The sky is not falling unles you make it fall. It's that simple. Ride this thing out. The people pushing this bailout are idiots have no REAL plan. They admit the $700 billion number came out of thin air and not based on any actual data. If people would stop panicking everything will be ok.