| | | Yes, he should have triggered a wave of bank defaults which bankrupted the bankers. This is what was done to GM and Chrysler. Nobody saved them, or their shareholders and bond holders from the consequences of their own poor decisions. Bailing out some but not others is not capitalism
Maybe we should hand the keys to the terrorists if they attack Fort Knox, too? The bankers are no different from financial terrorists - if you don’t bail us out, we will blow up the world. THAT is the premise. Iceland jailed
them, let the currency crash, nationalized the banking system. Now there are no imbalances. THE RiGHT approach.
The answer is no, there should be no bailout of any private corporations, financial or not. They should bail out bank depositors up to a certain limit, because that is what fdic is about. They must also jail those who engage in fraud.
The policy of the United States of blowing asset bubbles was wrong, and the payback is coming, although since this went on for decades it is hard to get the timing right to even a year
I think we are getting close to that crisis, so we disagree. There will not be a gentle deleveraging. There never is.
If they dealt with 08 crisis right, we would not be in this situation now. Much preferred to me personally. |
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