ironman on 19 April 2009
You still don't get it, the banks were in a rough spot for sure, and the only viable option at the time was to bail them out. This might have worked if we fixed the problem that caused this in the first place. The laws that dictate how many sub-prime mortgages a bank must make. This is so typical of government, force and make it profitable for banks to give out bad mortgages, then when the money comes due and nobody can pay out, the government steps in and says here we will give you MORE money...but we run you now, which means you must give out more loans. it's really quite simple, I don't know why you all must try to complicate this. Fix the problem, don't feed it!
