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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: bentway who wrote (259936)7/11/2010 5:19:21 PM
From: PerspectiveRead Replies (4) of 306849
 
Not a single bank should have been "bailed out." They should have gone into receivership. No depression would have resulted. In fact, the redistribution of wealth and power away from the bank stockholders and bondholders would have helped improve the situation.

AIG was a different ball of wax. There was no provision for how to deal with them; I'll give you that. But not a single bank should have received preferential treatment from the government. FDIC receivership, and FDIC guarantees for the depositors. No question in my mind.

And no low-interest loans to Wall Street either. They want to play with hand grenades, let them lose an arm. The economy will replace them, and quickly.

`BC
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