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To: kabar

Really, you could have paid off all those ‘forced’ loans with 1/10 of the tarp money. Wall Street bankers are greedy and their poor business model...bankrupted their companies and our nation. Unless the entire upper management are fired, giving them more money is stupid...we might as well flush it down the toilet. Allowing them to handout taxpayer money in the form of salaries and bonuses is even more stupid.


265 posted on 01/31/2009 5:04:15 AM PST by bronxboy
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To: bronxboy
I was not in favor of the bailout period. However, once the USG has determined that certain firms and enterprises are worth saving [unlike Lehman Brothers], then they should let the companies dig out as they deem fit using their experience and expertise. This after the fact micromanagement was not part of the original deal. It is setting a very bad precedent.

What's wrong with greed and the profit motive? You can't be that naive. Why do you think people go into business? And I blame the government more than Wall Street. I say that as someone who has seen his investments go down by over 200K swo far.

273 posted on 01/31/2009 6:03:37 AM PST by kabar
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