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Old 10-09-2008, 01:45 PM   #77
BleedBurgundy
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Re: The Official Presidential Debate Thread (Round 2)

Quote:
Originally Posted by Sheriff Gonna Getcha View Post

That's a very populist message, one that Glenn Beck and Lou Dobbs would be proud of, and probably resonates with the vast majority of Americans, but it doesn't really say anything. It doesn't address the nature of the crisis, our viable alternatives, etc.
Doesn't say anything? Companies that never before thought they could take large risks because, well, it was risky, now have seen an alternate reality. To say that is not dangerous, well, you have more faith in human nature than I.

Quote:
Originally Posted by Sheriff Gonna Getcha View Post
I certainly don't want to give nearly a trillion dollars to companies that f'ed up. Why the hell would I? But many people have got the question we face all wrong. We shouldn't ask, "Do I want to give $700B to corporations that made bad business decisions?" We should ask, "What is the best response to the current crisis we face?"
It's not an "either or" proposition, both questions bare asking, but it doesn't seem like anyone really wanted to give any thought to not bailing these firms out when they saw their own portfolios suffer. My feeling is there had to be another option, besides Wall Street simply putting their hands out. The gov removed any and all accountability from this situation. That's not right. I hear what you're saying, but I'm not sure you see my point.
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