Quote:
Originally Posted by afterburn 549
Why should anyone or Govt bail out any business ?
I tell you why in this case.
Those at the top had their stinking grimy fingers in the jar with them.
If I don't understand bailout you don't understand socialism
As a banker I don't think you understand your own blunder of stupid Pius statements
|
I never stated that I support govn't bailout because I do not. I think antiquated business models and those ruined by greed and corruption should be allowed to fail. Much of the correction that we are going through in the real estate industry was paid out in the form of bonuses to the investment banking industry that packaged and sold mortgage backed securities using smoke and mirrors.
If you are referring to those at the top having their stinking grimy fingers in the jar with them you are referring to "investment banking industry" not the "commercial banking industry" then I agree with you - big difference.
I did not start making Stupid Pius Statements - you did. I just responded to your overly broad accusatory commentary. You called me stupid.