nurkvinny Posted September 30, 2008 Report Share Posted September 30, 2008 http://www.time.com/time/business/article/0,8599,1845209,00.html?cnn=yes And I did not have time to verify it as a non-repost. 1 Quote Link to comment Share on other sites More sharing options...
Kevin R. Posted September 30, 2008 Report Share Posted September 30, 2008 Yeah, it was and still is a bad idea. The idea of the plan did more harm than good looking at yesterday. Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted September 30, 2008 Report Share Posted September 30, 2008 Rescuing financial institutions is not the best solution. Yes, banks are needed to provide capital to businesses. But it is not necessary to spend $1 trillion to maintain liquidity. If the government is to intervene, it should pick and choose which claims to purchase; claims that are directly tied to mortgages would be a good start. ^^ That's all I needed to know about the entire bail out crap. Quote Link to comment Share on other sites More sharing options...
Archie Posted September 30, 2008 Report Share Posted September 30, 2008 "The bailout will involve a transfer of wealth — from the American people to financial institutions engaging in reckless speculation — that will be the greatest in history." Great article. Quote Link to comment Share on other sites More sharing options...
Brrcats Posted September 30, 2008 Report Share Posted September 30, 2008 Good end quote Let the poorly managed, overly risk-taking financial institutions fail! Always remember that Wall Street and the real economy are not the same thing Quote Link to comment Share on other sites More sharing options...
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