Quote:
Originally Posted by marketsmart
no, i am saying it was not a good idea..
these companies think that they can get so big that the govt will have to bail them out..
i believe in letting companies fail and that includes banks..
what really pisses me off about this chrysler bailout is that all the pensioners and shareholders got fucked by the chap 11 re org..
there is no reason why the govt should have to forgive one cent of the money that was given to them..  |
So you must have envisioned that allowing the banks (and other companies that were directly linked to systemic credit flow) to fail would not have resulted in a world-wide deflation and collapse.
Or did you envision that outcome but were willing to accept it?
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