ZagnZig

Added Debt Won't Rescue the Great American Ponzi Scheme

He writes: “Consequently, solutions to date have not only failed to “fix” anything, they have made the problem worse.” How obviously wrong can anyone be? People, please do not forget the consequences and the scale of the crisis.

Imagine the “solution” this author proposes: C, BAC, WFC, MS, AIG, FNM, FRE, JPM…all failing? What sort of solution would that be? Any suggestion that letting them fail would be better than our current predicament is nonsense! What grocery store would remain; would you still have your job? How would you feed your family or keep them warm?

Violent civil unrest would ensue. The nation would be blown to pieces.

Reading the comments here makes me wonder if the people who think bank failures are the cure are not honestly considering the final consequences of their decisions.