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Politics : Politics for Pros- moderated

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To: Bearcatbob who wrote (279873)	11/10/2008 8:36:04 PM
From: skinowski	1 Recommendation Read Replies (3) of 793964

I simply think letting the financials fail was a risk too far. Why? Let the solvent firms buy up - for pennies on the dollar - those who drove themselves into insolvency. Where needed, work out a deal to help those new - presumably diligent and competent - owners. Stock and bond holders of failed companies SHOULD lose their investments. That's how honest, free markets are intended to work. Having honest, free markets work their magic would do a better job at restoring confidence than watching the circus of how those with best political connections grab the largest chunks of taxpayer's money.

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