Instead of large banks going out of business, we’ve moved up in scale to NATIONS GOING OUT OF BUSINESS … yet we’re up 200 points today?
By Daniel at 9 February, 2010, 7:31 pm
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first there was a small english bank called northern rock that ran into trouble and everyone said it would be ok, then it wasn’t ok, so the govt. said they’d bail out the bank, then it would all be ok, and it was for a short time until hundreds of other banks proved to have the same problems.
the next major one to go was bear sterns, but that was going to be bailed out so it would all be ok,
then indy mac, and freddy and fanny and aig all bailed out, all will be ok, and still they kept falling, lehman is gone, so are others, then it was iceland and that was all going to be ok, but the country is bankrupt
now its greece and first it was all going to be ok and now it needs a bail out and it will all be ok, and of course we know bail out won’t help………… and the real question is how many other countries will follow……….
here’s the thing, its not much good bailing out the titanic… its already sunk to 5000m of water, so you can bail all you like, the ship is a catastrophe.
its about time they just started letting the losers fail, like a real free market system demands, all we are getting is more and more socialist garbage, and where that leads to is the bread queue and the secret police…
what would you do for a stupid teenager than ran up more and more credit card debt until he was in a total mess… what would you do ? bail him out, or make him face the music
doesn’t anyone understand that all this bailout is just a nonsense to put off the pain for a longer time, the system is hobbling about on a broken leg, but its doctors just pump it up with more and more cocaine and heroin…….. problem is when all that wears off, there is still a broken leg to deal with, plus now a massive addiction as well.
if a country elects stupid officials that run it into bankruptcy, it must pay the price and if that means social revolution, falling out of the euro etc etc. then great, so be it, let the lessons be learned.
- Wizmach
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