Let them fail.... Someone else better will fill the void.


If your bad.... You fail... When you fail.. Some other company will spring up and take it over. Tossing money at a bad thing is not very smart. Do they have Bernie Madoff handing out government money?
They should be handing this trillon dollars out to the people of the u.s. and let the consumer spend it. Thats direct market cash infusion, saving thousands of jobs. Going Bernie Madoff with it all is not going to work. Everyone has their hands out now.

Ah well ....... 1926-30's here we come... Stock market going into the 6000 range....
And we all are going to die.... Time to panic.... Panic Panic

 

The destabilizing effects of a major bank closing are greater than the repercussions of providing them with more loans. There is so much money/fiscal integration involved that it's not as easy as "filling voids".

 

Sorry dude But at this point I don't think you nor I can say whether this statement is true or not.

If we keep filling them with loans, and they never get their **** together or give us any roi, its going to be muuuuch worse than if we just let the bank close. So far we've played the scared fear monger game, and nothing positive has happened what so ever, infact the money given out has done far less than anyone imagined.

 

Not really... BofA and a few others took their money they got and bought other banks.

So if bofa fails now..... another bank would just buy them up.

If you put the trillon into the consumers hands I dont think we would have much worries. People would pay their debt down or buy something. Paying debt would save banks. Buying something would save alot of companies.

Then use the government to regulate the second time around. Since they failed the 1st time.

Put the money in the consumers hands. If there was 10 million people living in the U.S. And we split 1 Trillon out to each one of them.. I think that cash would directly help and save alot of people.

 

People need to see that there are consequences for their actions.

Like when reading that article about the BART stabbing. Why do people feel that they deserve something for "bad" behavior or decisions?

The bail out is just this. Americans see that they are unaccountable for their actions.

 

That right there is what its all about..... These CEO's need to be or jailed.... You cant tell me none of these guys knew what was going on? Running a major company and you dont know whats going down? Or taking money from government for jets or bonus's.... WTF...

these mthrfkrs..........


But also find out who taught them these styles and them too.. Someone somewhere in some college was teaching something wrong..
those teachers....

 

A bank closed is different than a bank being bought out by another. There is a finite amount of banks, and they have a finite amount of money. You don't understand the complexity of bank regulation, as those that work at those banks are smarter and better paid than those who work to regulate the system. The government very well knows that and wants to prevent from banks collapsing to the hands of other banks who might indeed to the same.

Put the money into consumer hands? 10 million people, 1 trillion into each? What? Lets not play the what if game.

 

I think I got the i-club record in single day hanging....

 

Watch the news ??? They are talking of government taking over banks now. Also.... Do you really think bankers are smarter? If that was the case... Would we really be bailing their asses out?

Take a trillon dollars... Divide it up and hand it out to every u.s. citizen

1 trillon divided to 10 million people = direct cash into the market.
Vs.. Handing cash out like banks on fire.. To people that can manage what they had.. And hope that money will make a differance...

 

I read. You should too.

Having worked a bit on both sides, I know which side has the smarter people. The one that pays more. And I will gladly bail them out, as I know the average american is not competent on doing what they do or even understand the level of economics/math/finance that they deal with every day.

The U.S. population is 309 million people, so your theory would provide every person residing in the U.S. with ~$3236. Now what? Who regulates what people spend this money on? If you have a hard time handing a bank that much money, why trust an individual with it?

 

The whole market is about to be nationalized and capitalism is already dead as we know it (the second the government decided to throw money in the free market). The government NEEDS to let go and let the market fall (even if it falls like dominoes) just to show that if you gambled (ie. risky sub-prime mortgages, credit guarantees) you can actually FAIL.

The banks have been rollin' billions off the market too long with risky mortgages, it's about time that they get slammed and ONLY after they get slammed will they change their rules and regulations to create stability.

 

I think I had a pretty good handle on this whole sub-prime mortgage/credit crisis. I knew all the banks and investors had F'd up, but I hoped this was something they would have all been able to avoid if they knew better, I figured they were smart enough and cared enough about their own futures that they would never put themselves in this position if they saw it coming. but then I saw this short sweet little vid that really crystallizes in very simple terms exactly how it all went down.

And I thought, damn.

they ALL knew it was going to go down like this.

and they didnt do ANYTHING to stop it.

and now they want us to bail them out??



check this video, it will fill in alot of gaps in the details of how it all happened. and probably **** you off a bit more...

http://www.vimeo.com/3261363

 

It all comes down to accountability.

 

whaaa? 309 million? that cant be true, i heard the other day that american people are losing jobs, 600 million a month.

 

I think some AIG executives need to get their asses fired, indicted, put to trial for fraud and criminal negligence and sent up the river, what is so hard about that?


OK, in a pinch- hangin' will suffice