Let me ask you. You say they cannot be allowed to fail but they are failing even as you said after the bailout. So what did bailout do? Are you willing to give them as much as they need forever as they continue to fail? We will as obama likes to say, sacrifice now, and we will sacrifice later along with our children. Only to be hit again in the same fashion when greed and power take over. Why not? Government won't let them fail.
I know the prince was a shareholder. My point is he had the money to bail the company out. He was called many times to ask what needed to be done with taxpayer money. This is a man who blames us for 9/11.
"At times like this one, we must address some of the issues that led to such a criminal attack," alwaleed said. "I believe the government of the United States of America should re-examine its policies in the Middle East and adopt a more balanced stance towards the Palestinian cause."
The draw down I mentioned was what started the crisis. I am positive of that. Had that not happened where would be? If the finely scripted overtures of henny penny the sky is falling where would we be? You know where? Right where we are now. We will take over bad debts among giving them more money. What if we just took over bad debts in the first place like McCain mentioned during the campaign? Oh noooooooooo, obama said that was a horrible idea.
Here in WSJ today.
http://online.wsj.com/article/SB123966939766015517.html
To socialize the American economy, it is not necessary to nationalize every business in the United States. All it requires is to put the corporations that control the finances of all of the companies in the economy under government control. And that is what is happening now.
Barney and obama were pushing for regulations on CEO pay way before the crisis. The crisis did not go wasted as Rahm says.
http://www.cfo.com/article.cfm/11037327/c_11036422
April 11, 2008
"This isn't just about expressing outrage," Obama reportedly said in prepared remarks. "It's about changing a system where bad behavior is rewarded so that we can hold CEOs accountable, and make sure they're acting in a way that's good for their company, good for our economy, and good for America, not just good for themselves."
It's like deja vu. We have heard these words not so long ago. Obama found a way to get this done through crisis. This was all planned. Yes, they should have failed.
I’m pretty sure if there was a complete breakdown of the financial system it would not just stop with the financial system. I think the repurcusions would go way beyond that, probably where most of us would rather not go. If that could be avoided then I’m all for it, I’d rather keep the banks going and clean out the system by voting out scum like Barney Frank, Dodd, 0, Acorn, and the rest of the parasites that poisoned lending practices. Alot of people think banks are just in the business of mortgages, there are all kinds of businesses banks are involved in that are very profitable and still profitable, subprime was the toxic time bomb that has destroyed bank earnings along with mark to market accounting. To just blame banks is an incredibly myopic view as there are a multitude of guilty parties, besides the political whores I just mentioned there were the rating agencies, appraisors, and in the end the consumer.