“OK, let’s say we let these irresponsible banks ( e.g. Citibank, Wachovia, Washingtom Mutual, etc.) all fail without bailouts of any kind whatsoever... are you saying that all depositors of these banks should simply lose their money as well and government should simply stand by and let that happen ?
If not, what’s the alternative?”
A market correction. It’s called free enterprise. Did you ever read John Adams?
Right now, the taxpayers bailed out your thieving fascist banks with hundreds of billions, what good has been done?
Oh, wait, don’t answer that because you won’t and can’t.
RE: Right now, the taxpayers bailed out your thieving fascist banks with hundreds of billions, what good has been done?
According to this site :
http://www.nytimes.com/2010/06/23/business/23tarp.html
Banks Have Repaid 75% of Bailout, Geithner Says
WASHINGTON (AP) — The Treasury secretary, Timothy F. Geithner, said on Tuesday that taxpayers were recovering their investment from the financial bailouts as the program was wound down. But he acknowledged there would probably be a loss from the rescue of the insurer American International Group.
Mr. Geithner told a watchdog panel that banks had repaid about 75 percent of the bailout money they received, and the government’s investments in those banks had brought taxpayers $21 billion.
(EXCERPT ONLY)