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Yes yes. The banks needed to fail. Clear out the deadwood and carry on.
Unfortunately it is too late for that. The loans have been given out the those that would have failed survive to see another day.
The US may be leading down the path of Japan in the 90's. A decade lost due to failing to allow banks to fail. We will hear of more loans in the future I predict.
We're going farmer man! Time to get up at 4:30 AM and milk some cows. Don't have money? Trade some chickens for some corn. This is going to be awesome!!!!!!
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Baldwin08(dot)com and ConstitutionParty(dot)com
Unfortunately it is too late for that. The loans have been given out the those that would have failed survive to see another day.
The US may be leading down the path of Japan in the 90's. A decade lost due to failing to allow banks to fail. We will hear of more loans in the future I predict.
Who wins, who loses, is all very clear when you don't listen to the words, but examine instead the actions.
Paulson's first action was to ensure his company didn't go under. That done, the rest is all just feathering the nests of friends.