SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The coming US dollar crisis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Real Man who wrote (19021)3/25/2009 12:58:06 PM
From: benwood3 Recommendations  Read Replies (2) of 71477
 
After freaking for a while at fascism running amok, I finally understood that the objective, ostensibly, is to have FDIC-type power to seize quasi-banks and render them harmless, ala WaMu. I agree this is necessary. Let the owners and bondholders and other stakeholders take their lumps and losses.

However, the idea that this is "required" in order to avoid bailouts is simply a complete lie. The bailouts were a choice -- they could have let it fail. If letting it fail without a bailout was too scary, then a takeover will not help unless a similar injection of capital occurs.

The one difference is that if it is known all along that this firm is going to fail, then stopping them sooner is certainly better.

But not getting rid of crap like permitting a thousand firms to bet the same way on a failure (CDS) is simply economic insanity. Stop the Insanity!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News