I was just looking at the trailer for Michael Moore's "Capitalism" (again) and I have a question:
Much as it grinds all of us to have loaned the fat cats money, aren't we better off when they owe the Federal Government? It seems to me that every outfit that took money is trying to pay off the loan ASAP because as long as they owe us, we get to look over their shoulder to see what they're up to.
1. While that may be true I think the bigger point is why do we have a finance
system that can't make it ten years without having to be bailed out? If it requires that much government intervention just to keep from destroying us all then maybe we should look at what is wrong with the system instead of fixing what is perceived to be a few broken parts.
3. The "too big to fail" banks are now bigger than ever
Edited on Mon Aug-31-09 10:08 AM by Winterblues
Thanks to the hundreds of billions the Government bailed them out with. They have no fear now of ever doing any fiscal malfeasance because they know they are "too big to fail"..
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