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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (5482)	1/25/2009 11:38:06 PM
From: RMF	Read Replies (1) \| Respond to of 103300

It's interesting to see that our banking sector has already been hit harder than it was during the Great Depression. I'm not crazy about "Nationalization", but if it would turn our banks into efficient financial institutions rather than "money makers" for a FEW on Wall Street, I might go along with it over a reasonable period. When I see these guys taking bailout money and then turning around and paying BILLIONS in bonuses it really sickens me. MY tax dollars are going into these bailouts so some employees of these disasters can take home "millions". MOST of the banks aren't solvent and they WON'T be solvent as long as they carry so much "current and future" bad debt. That bad debt is simply going to increase until we break the cycle and accept that the U.S.A. is "good for it". Putting 50 billion into this bank and 20 billion into that bank isn't going to solve this mess, it will just prolong it. Maybe Geitner will propose something of substance when he gets confirmed. cnbc.com