JimBowie1958
Old Fogey
- Sep 25, 2011
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- #41
"More than $4 trillion in near zero-interest Federal Reserve loans and other financial assistance went to the banks and businesses of at least 18 current and former Federal Reserve regional bank directors in the aftermath of the 2008 financial collapse,
so??? did you want to let the banks go under and create an eternal Great Depression? Little Lehman alone was almost enough to cause a chain reaction. Catching on now?
It is not a certainty that we would have had an eternal depression.
What the hell happened to the notion of CAPITALISM and LET THE MARKETS CHOSE THE WINNERS? There are plenty of regional banks that could have stepped up to take the place of the fragile banks that collapsed.
And if they are that important, then Congress needs to BREAK THEM UP FOR THE PUBLIC GOOD.