Originally Posted by graywolf624
The thing is.. It doesnt really stop the crash, only delays the inevitable and essentially turns our country into socialism.
AIG crashing would be bad. Proping them up for a year so we all crash even worse when they fail again since thy don't face the consequences of their actions.. much worse.
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It's nice to be on the same team with you for once
Well said, Sir.
Hasn't anyone learnt the lessons from the Japanese? I would have thought that the writing was on the wall...
Or what about when Andrew Mellon was Secretary of the U.S. Treasury in the late '20s. When Wall Street cracked in '29, Mellon had the solution: let it happen! Mellon was ready to let the chips fall wherever they might. ...Four years later, the road to recovery was being well travelled.