Quote:
Originally Posted by Caldwin
[You must be logged in to view images. Log in or Register.]
Wasn't it Bush that bailed out the banks? He said he had to abandon the free market to save it. [You must be logged in to view images. Log in or Register.]
The banks should never have been bailed out. They should have taken their lumps for what they did. How are they ever going to learn if they keep being bailed out. It encourages them to do it again.
Of course, the banks did what they did because of policies put in place by the Clinton administration and continued in the Bush administration. But, that's no excuse. They could have done better.
I mostly agree with everything else in your post. I'd add: keep your doctor, lower costs... yeah, riiight. [You must be logged in to view images. Log in or Register.] Thanks a lot Obama. [You must be logged in to view images. Log in or Register.]
|
There were two rounds of massive bailouts. Banks made all these predatory loans that were never sustainable and poor business practice, they weren't sustainable, they should of gone out of business, but instead were greatly awarded.
What other business can you pile crippling debt due to greed and get billion dollar bailouts from the government? Nice industry to be in if you run them.