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Strategies & Market Trends : Waiting for the big Kahuna

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To: puborectalis who wrote (88035)6/16/2009 5:25:25 PM
From: Hawk  Read Replies (1) of 94695
 
Yes, let them fail, the banks, the auto makers, the insurers. Thats capitalism, we now have fascism. Why should you and me pay for their poor management, risk taking and incompetence. Do you like the thought of you children and grandchildren
paying for that. Who pays you when you make a bad investment or take too much risk. We have put ourselves in a whole we may never get out of. Letting them fail would have been difficult short term, but the problem would have been solved much faster. Study the 1920-21 depression. The government and FED did absolutely nothing and it was over in a year.
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