there is no need to let these companies fail because the money to bail them out is freeQuote from Debaser82: Let AIG fail. Let Citi fail. GM, Ford, Fannie, Freddie etc. Let them all crash and burn. Financial crisisses their intensity are always a sign of excesses leading up to the crisis and that needs to work itself trough the system eventually one way or the other. It's hard to believe this would be better than propping everything up but hey what do I know I'm a european child of the wealthfare state. Cheers.
Do you believe in the "let the forest burn and better trees will grow" theory?
- Thread starter Debaser82
- Start date
Gen.Washington said" Government is not eloquence, it is like fire.
A dangerous servant, and a fearful master".
I think the old boy had a point.
A dangerous servant, and a fearful master".
I think the old boy had a point.
Creative destruction is not a "theory".Quote from Debaser82:
Let AIG fail. Let Citi fail. GM, Ford, Fannie, Freddie etc.
Let them all crash and burn.
Financial crisisses their intensity are always a sign of excesses leading up to the crisis and that needs to work itself trough the system eventually one way or the other.
It's hard to believe this would be better than propping everything up but hey what do I know I'm a european child of the wealthfare state.
Cheers.
Thats how the US largely operated prior to WW2.
This shit is so basic.
Arguing the merits of free markets on a daytrading forum?
Unbelievable.
To be done properly, it requires a controlled burn.
http://forestry.about.com/cs/forestfire/a/prescribe_burn.htm
http://forestry.about.com/cs/forestfire/a/prescribe_burn.htm
Sure. How about this:
In 60 days, the FED and Treasury will remove all monetary and lending facilities for Private Corporations.
Further, Fed Funds will be raised 500 basis points, at same date, held until further notice.
There is no "quick fix".
I think that current circumstances are well beyond a "quick fix."
Sure about that?
The whole impetus behind the bailout was to restore "Stability and confidence" to the markets.
In fact, easy money was sold as the only measure that could "Save" the economy.
Didn't seem to go to well.