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Am I to understand that you're ok with you and others in your position not being bailed out, but do think that the big banks should be bailed out? Don't you th
by luser001 15y ago
Am I to understand that you're ok with you and others in your position not being bailed out, but do think that the big banks should be bailed out?
Don't you think the same yardstick that you apply to yourself and others like you should also be used for the big banks.
FWIW, my two cents is that neither individuals nor big banks should be bailed out.
Sorry about the late response. :) Maybe you'll see this.
- MrWestley 15y agoWell I have to say that initially I am not for bailing out banks. To be honest, I don't know if it is that simple. From what i understand a big reason for the bailout was to avoid the banks "problems" jumping to companies other than banks. Thus really damaging the economy. For example, just prior to the bailout BoA was about a day or two away from ceasing lending to GE. Not because anything GE did but because the shit hit the fan. In turn GE shareholder that are already scared would panic and GE stock would plummet. Needless to say that given all of the things GE has it's fingers in that trouble would spread elsewhere. Now, have no idea if that is true, but that is something that makes the bailout less about bailing-out and more about staying afloat. If it was that is what the public should have been told. To me all of that is speculative unless there is more information available. So unless there is more proof I will take the side that bailing out anyone or anything is usually a bad idea.