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One part of me emphatically says "let them fail", yet these mega-banks, investment houses, and AIG are so intertwined that the whole "house of cards" (i.e. the US economy) will tumble if the gov't does not intervene imo. I don't like it a bit, but don't think they have any other choice at this point (and it's not a Dem/Repub issue, both know it). My take, despite all the talk about "socialism" (not to make this PARFy) is, once co's are allowed to become so large (banking deregulation since the mid-80s), that they're "to big to allow failure", then we are already well down that path...just my .02 worth.
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