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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (548524)2/7/2010 11:18:07 AM
From: combjelly  Read Replies (2) of 1574683
 
"The solution should be either to let the market deal with it, which means bankruptcy, or if our government steps in, they oversee a liquidation process."

Well, here is the problem. If we had allowed them to have gone into bankruptcy, the world economy would have collapsed. If the government had taken them over, the Republicans would have screamed bloody murder. They did anyway, but it would have been a much more difficult political situation. The only feasible solution was what they did. It also was a very bad one because if the banks aren't locked down, they will do it again.
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