Trajan
conscientia mille testes
- Thread starter
- #21
Trajan
I agree. There is zero doubt in my mind that the government will bail out the banks if we have a repeat of the financial crisis, no matter who is in power. I also agree that this has infused massive moral hazard into the financial system, and we are setting up for some other calamity within the next decade. But I also believe the government was faced with a Hobson's Choice during the Financial Crisis, and it is easy to Monday morning QB long after the unbelievable pressure has subsided two years later.
I hear you. I understand it was, well no real choice, BUT as usual they didn't cure the disease, they cured the system, short term. Now I am not saying they alone could have cured the disease but they didn't do what they ostensibly set out to do, make the cure available i.e. getting the lending machine going, oh they rescued on Qtr. to Qtr. basis locked up bus.'s who had their ear based on their own formula yet? Manny's taco stand didn't get a chance, or Mitzi's diner or Bobs copy center, they again, failed to address another whole side of the issue. They supposedly did, but I don't see it...do you?