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Flaws with the bailout:
Oct 01 19:31 pm
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All Comments by MoroseMax »The Market Cannot Fix the Financial Crisis By Itself [View article]
- No plausible explanation of how it will actually improve things.
- Punishes those who lived within their means.
- Banks were never _forced_ to make these bad loans, they failed to exercise due diligence.
- The next crash will be in credit cards. Nothing in the plan addresses that.
The govt. should be making the same kind of deal that Buffett made with GE and GS.