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I agree with what he said about bankruptcy, but then he said banks should not go through that process, they should just be owned and run by the government, and
by mike_organon 18y ago
I agree with what he said about bankruptcy, but then he said banks should not go through that process, they should just be owned and run by the government, and he defended that position with nothing more than the standard "too big to fail" and calling it capitalism. Bankruptcy is a well-understood procedure, not calls to put random people in charge, even after admitting the government doesn't have anyone experienced to put in charge. Legislating this solution won't make it successful, which is why socialism and fascism don't work.