4 ms·
The part I find ridiculous is that we're just giving the money away. Fact is, these institutions would collapse without a bailout- thus becoming effectively wor
by colinplamondon 18y ago
The part I find ridiculous is that we're just giving the money away. Fact is, these institutions would collapse without a bailout- thus becoming effectively worthless, ala Bear Stearns.
If we're going to bail them out, we should nationalize them, that way we at least have the potential of making money from the upside.
Otherwise it's just a continuation of our current fiscal policy: socialism for the rich.