Me I'd rather this hit were paid the way we all agree is as close to fair as we've been able to agree on, when something concerns us all. But if you'd rather have the losses be allocated by chaotic bank runs and nimbleness moving assets around the world in a deflationary smash, have at it. You will lose.
Let the people who made the risky loans and the people who pressured them to do so take the hit. It’s unfair, unjus, and anti-free market to subsidize their corruption and stupidity with your and my taxes.
These politicians don’t actually care about solving this problem. They’re just salivting at somethign else they can nationalize. Power for them.
But it always winds up taking money out of the pockets of the American taxpayers — you and me and everyone else, for the benefit of a few. I’m surprised that anyone who calls himself a conservative would support that. I’m with Keyes, Gingrich, George Will, and 70 percent of the American people. this bill is a disaster, and it sets a horrible precedent.
If companies fail, then let them fail. (I don’t think any actually would.) That’s the dynamic of the market. it’s when the goernment interferes with the works that we get these kinds of problems.