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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (463281)	3/12/2009 2:36:26 PM
From: HPilot	4 Recommendations Read Replies (2) \| Respond to of 1578122

Imagine if Citi, AIG, BAC, GM, Chrysler and others had all been allowed to fail. And all those that are intertwined or dependent on them had failed. It doesn't take much imagination to figure where we would be today. If failing means the company doesn't exist that would be correct. But thats not the way it works. The company instead goes into bankruptcy and reorginizes, most of the creditors are protected. Only stock holders and mortgage holders who cannot pay are screwed.

To: Road Walker who wrote (463281)	3/12/2009 8:58:03 PM
From: TimF	Read Replies (1) \| Respond to of 1578122

Yeah but so were the cavemen. No they where not. Take just about any year (and maybe you can drop the "just about") when all people where "cavemen" (or other similarly primitive people even if they where not living in caves), look over the whole earth or any area the size of the US. Economic growth over the next year, decade, generation, or century, was lower than what the US has typically experienced, and (with the possible perhaps likely exception of "next year") lower than what the US would be set up for in the scenario we've been discussing.