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.
Politics : President Barack Obama
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (112647)4/23/2012 11:02:24 AM
From: RetiredNow  Read Replies (1) of 149317
 
Ted is recommending bailout after bailout after bailout, which is exactly what Greece has gotten from Europe. So why hasn't it worked?

The fact is that infinite amount of loans and spending doesn't work. Fiscal responsibility and a credible path to solvency is what works to stabilize finances of any entity. Loans to a fiscally delinquent entity doesn't solve anything in the long run, as we are seeing with Greece.

If want to see what I propose, then go to Iceland and check out what they've done. They took a different path than all of you have suggested. Instead of bailing the bankers out, they have put them in jail and defaulted on their loans, as well as put their fiscal house in order, exactly as I have been proposing since the beginning. They now have one of the highest growth rates in Europe.
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