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Strategies & Market Trends : The coming US dollar crisis
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From: Real Man2/21/2009 2:26:49 AM
4 Recommendations  Read Replies (2) of 71463
 
A Simple Answer - FAIL!!!

Too big to fail caused this:



And this:

jessescrossroadscafe.blogspot.com

The problem NOW?

TOO BIG TO BAIL OUT! This compromises US sovereign rating
and the dollar!

The solution?

FAIL!

Yes, I am advocating Armageddon. -ggg-

To a degree... As these institutions are nationalized and the contracts are cancelled,
they need to put them in RECEIVERSHIP, NOT conservatorship.
The government should focus on containing the impact of
the meltdown on the broader population, rather than bailing
out "too big to fail" entities that now grew to be "too big
to bail out". The congress must ensure the accountability
of the Fed and what they are doing!

Yes, folks at these institutions will lose their jobs. However,
much more jobs will be saved elsewhere, and the country will avoid the
moral hazard of making THE RESPONSIBLE to pay for THE
IRRESPONSIBLE.
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