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Joined: Jul 2003
Posts: 3,301
Lord of Cluth Heals
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Lord of Cluth Heals
Joined: Jul 2003
Posts: 3,301 |
Quote:
I completely agree with both of your points, Burns.
What still bugs me about the bailout was the lack of patience, consideration and architecture of the bill. It has set a horrible precedent, it has inspired large corps to merge with a mantra of "we are too big to let fail". Our leaders on both sides of the isle Chavez'd the USofA.
i swear to god, if i have to hear of socialism and a communist strike on US industry i am going to puke. The Fed and Treasury are massive banks. These banks are providing liquidity and saving the economy and country as we know it.
I would GLADLY take some cash and give a pound of flesh to save us from the massive economic crisis we have going on right now.
The Fed did this with the big three autos in the 80s, but we were too stupid to exercise the warrants we took as part of the loan (doh - cost us around $2.5 billion).
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