Quote:
Originally Posted by GregE
Both choices suck, but #2 essentially guarantees us a full blown economic depression.
I say, lets roll the dice and go with choice #1.
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I agree. Both may eventually take us in the same direction, but not bailing them out pretty much guarantees were are going to be in deep shit. If there is a chance that we could avoid that, I say take it. Maybe it won't work, but maybe it will.
I am worried that these companies will take the bailout money, recover and not learn their lessons and we will be back here again in another 10-12 years so if it works I hope there are some type of regulations or oversight put into place that helps us avoid this kind of issue again.