“I gather that this also means to allow them to go bankrupt as a result of their stupid business decisions no matter how big they are ( which of course will result in even greater MASS LAYOFFS )”
Yep
Tough questions and it is not as easy to answer as saying, “Let’m fail.” I suggest targeting those people that need help, instead of poring money into these failing businesses. The housing crisis MUST be fixed by some entity, and the feds are the only entity that can step in to stem the bleeding. I guess my focus would be geared toward the individual rather than big business. If people are prosperous then business will follow.
The thing is, we “got out of the way” of the banks and financials markets, and they proceeded to turn themselves into insolvent leviathans that threatened our whole financial system. Go figure.