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


To: Jim McMannis who wrote (543643)1/13/2010 7:42:16 PM
From: tejek  Respond to of 1574851
 
RE:"Interesting. Apparently, you think the Feds should have let the banks go under. Explain to me why that would have been good for the country. I'll give you some time..........go ahead and consult with MD before answering"

I think they had to be supported but need to be broken up and dismantled. No more TBTF. Glass Steagl re-stated. Certain behavior banned.


I agree with everyone you say. However, I don't think you do it when Lehman Bros., Bear Stearns and Merrill are all collapsing. I think now we are coming to the time when we can rethink the banking industry. A year ago, things were too chaotic.