Quote:
Originally Posted by Vendzilla
I look at both as a bunch of money the government decided to waste, at least the Bailout was paid back some of it.
|
OK so bailing out wall street & restarting the credit markets & avoiding total economic collapse is a waste of money. I respect most of your posts as you lean to the right as i do, but your performance in this thread is lacking. one sentence replies & telling me to change my meds makes you no better then a troll. I try to believe right leaning people can be intelligent, but your not helping the cause.
Yes. wall street got a lot more bailout then they needed. Problem is, the bush admin stuffed the SEC with incompetent hacks. They were so bad, they investigated madoff numerous times & never busted him.
That, plus the fact that the derivatives mess in the shadow banking system was rocket science that only the wall street brains could explain, the govt was in no position to question what these bankers told them they needed.
It was a messy bailout, but a complete collapse was avoided & that is a good thing.