When someone gets buried in debt with no hope of paying it back they go bankrupt. When a company runs out of capital and they too can't pay back the debt they eventually have no choice but to declare bankruptcy. There are no winners in either of these scenarios. When an entire government goes down this same road at some point you run out of options. Yes, in all cases you can delay the ultimate end but the end remains the same. I personally do not have a good feeling about how this will end.
Realize this analysis is biased in its selectivity of facts. The Mexican bailout MADE money for the U.S. simply because the loan we made were paid back, with interest.
Very good - thanks for posting!
ace063562 2 years ago
When someone gets buried in debt with no hope of paying it back they go bankrupt. When a company runs out of capital and they too can't pay back the debt they eventually have no choice but to declare bankruptcy. There are no winners in either of these scenarios. When an entire government goes down this same road at some point you run out of options. Yes, in all cases you can delay the ultimate end but the end remains the same. I personally do not have a good feeling about how this will end.
taineasy 3 years ago
Realize this analysis is biased in its selectivity of facts. The Mexican bailout MADE money for the U.S. simply because the loan we made were paid back, with interest.
twiedenfeld 3 years ago
this bail out is differe,t it is not a loan, its a free give away
meeeeeeee8 3 years ago
This is by far the best analysis of the financial crisis I've come across... thanks for posting!
frankodelic 3 years ago 3