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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: J.B.C. who wrote (293080)	2/18/2009 6:12:26 PM
From: LindyBill	Respond to of 793853

GS got into this mess because of Government involvement. The Gov provided the playing field. But the players were in it for their annual bonuses, and didn't give a damn about their companies. The Boards of Directors of these financial institutions didn't reign them in. You will find no one more "Free Enterprise" than I am. But the Financial and legal guys are allowed to run the financial setup and there has not been enough transparency. I would be in favor of a totally private banking system but "we can't get there from here," and the Gov will NEVER agree to give up control of the money supply. The bankers have too much pull in DC, and now all the rest of business think they can hitchhike on the same program the banks got. We are going to end up like Japan, with a long doldrum period, if we don't watch out. What we need is the "fast bankruptcy" Bank system of the Feds to be used. They move in, fire the execs, clean up the mess, and sell off the bank. If they had started doing this last year, we would we half-way out of the woods by now. Instead, we are "waist deep in the big muddy."