Let the system collapse, allow these banks to fail, maintain the relationship b/t risk and consequence. Nothing is "too big to fail"... not government, not the $USD, not the global financial system.
Alternative proposal? Do nothing. Allow the natural course of events to unfold... messy? yes. painful? yes. Is short-term anarchy preferable to a never-ending string of bailouts at the taxpayer's expense? yes, absolutely.
Continued, unquantified bailouts of the world's wealthiest institutions is the worst possible course of action. All available evidence up to this point in history is clear... postponing the inevitable only makes matters worse.
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roadkill : amen.
Sep 21 14:13 pm
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All Comments by mpower »Read It and Weep for the USA [View article]
Let the system collapse, allow these banks to fail, maintain the relationship b/t risk and consequence. Nothing is "too big to fail"... not government, not the $USD, not the global financial system.
Alternative proposal? Do nothing. Allow the natural course of events to unfold... messy? yes. painful? yes. Is short-term anarchy preferable to a never-ending string of bailouts at the taxpayer's expense? yes, absolutely.
Continued, unquantified bailouts of the world's wealthiest institutions is the worst possible course of action. All available evidence up to this point in history is clear... postponing the inevitable only makes matters worse.