Andrew Hughes

Banks: Nationalize, Cleanse and Get It Over With

Over $8 Trillion has been used to prop up a Banking sector that created it's own destruction. Loving free markets is not just for the good times. If they have bankrupted themselves, let them fail. With regard to holding toxic assets in a "Bad Bank", all that would achieve is postponing the problem to a future date. The Banking sector needs to be cleansed of it's unhinged casino mentality once and for all. The policies of the Fed and Treasury have so far achieved only one thing. Taxpayer funds that could have been put to real use have been squandered in the greatest transfer of wealth in History. The sad thing is the incoming Administration seems hell bent on continuing this lunacy.