Quote:
Originally Posted by tony404
Would you have it all fail? Its a shit sandwich either way.
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why not let have fail FED? FED is fail anyway and represents only wallstreet bankers.
the current crises offers a a great chance for it.
as I wrote here several times, there is not enough money in the system to pay all bad debt and bad bets the banks made.
if they want to bankrupt country, they can continue with bailing out banks.
"The crisis was the coup de grāce: Given virtually free rein over the economy, these same insiders first wrecked the financial world, then cunningly granted themselves nearly unlimited emergency powers to clean up their own mess. And so the gambling-addict leaders of companies like AIG end up not penniless and in jail, but with an Alien-style death grip on the Treasury and the Federal Reserve ."
there are better solutions for current crises than Paulson and Geithner (both of them ex-wallstreet insiders of course) brought to the table.