Quote:
Originally Posted by jyl
Would you prefer to have 1 or 2 large US money center banks (think Citigroup) fail, 1000+ smaller US banks also fail, amid a cascade of bank failures around the world?
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YES!
Then the government pays out a few trillion in FDIC insurance and the people who were
least responsible for creating this mess
get the "new money" first.
Right now, we are giving (newly created dollars) to the exact a**holes
who created this mess.
We are allowing these a**holes to continue in their positions of "prestige and power" when they are really just con-men who have ripped people off for billions with their schemes.
If we let the
fraud be exposed (yes, it will be painful for all those who are currently unaware that they are victims of fraud), we can start rebuilding on a solid foundation
without the criminals who created the mess still in the mix.
All this bailout is doing is allowing the "confidence men" to continue with their paper money
scams.
"Con man" is just a shortened way of saying "confidence man" -- listen to who is calling for a "restoration of confidence" in these markets. The markets are in trouble because people have put
too much confidence in the government and Wall Street.
We need more
skepticism and more due diligence in these markets,
not more "confidence."