we would have not entered a depression if banks failed. this is the excuse the fed makes for their decision to help their old hairy banker friends. instead, we would have had 2-3 hard years and then the new infant would have been born a giant.
instead, we inflate the biggest bubble in history. bernanke's schizophrenia has reached genocidal levels.
instead, we inflate the biggest bubble in history. bernanke's schizophrenia has reached genocidal levels.
Quote from bearice:
You are intelligent.
Employees of giant banks and giant companies are highly paid. Their managers are millionaires. They earn enough money in few years of job to survive for life-long. Shut down of giants would not have affected their rich employees.
I agree there are low-wage employees in Giant companies. Direct financial support should be provided to these poor people or they should be given jobs in 50 new Wal-Marts.
Do you think these Giant banks and Giant companies will survive for 1 million years?