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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Les H who wrote (180581)1/29/2009 6:01:38 PM
From: patron_anejo_por_favorRead Replies (4) of 306849
 
The main problem with the Bad Bank is that We the Sheeple are paying for it. Therefore, all the clownbux that were being sequestered due to bad bets by the punters in the financial sector would simply be released in exchange for an equal amount being vacuumed out of the Sheeple's pockets. Just when we are fighting a consumer-led recession. The banks would emerge, but the Sheeple will go further into entrenchment mode, discretionary spending would drop further and the recession would be longer and deeper than it would otherwise. Not to mention moral hazard being propagated and no behavioral changes forced on the crims at the banks. No thanks.
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