GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: geode00 who wrote (146169)	11/8/2008 3:01:28 PM
From: TimF	Read Replies (1) of 173976

So, you think the federal government should have let Fannie and Freddie, Bear Stearns, AIG, MMFs (breaking the buck), et al fail? Yes What do you think our economy and financial system would look like today if that had happened? At the moment, more chaotic and problematic than what we have now, but in the long run capitalism depends on letting people who make foolish decisions fail. Besides its not like the bailouts have resolved things and everything is fine now. Either way we have a recession.

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