

1,153,799
When I'm out in the boat and need to bail I also look for the leak at the same time. Fix that and you won't sink is the remedy. No automatic bilge pump for banks, see ya! The Implode-O-Meter is still active.
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John DL Arendsen
Leucadia, CA
3,986,529
Let one or two fail and the others will get their head out of their bowels!
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John DL Arendsen
Leucadia, CA
998,029
I agree with Raoul, it's best to make good on protecting the nations money supply (since much of it is FDIC insured anyways) that banks hold to prevent a greater disruption.
Read the Jeffrey Lacker article, I believe that "emergency floats" to the mega banks can be beneficial and they are paid back, but do agree that things need to be done to fortify the system to prevent this from happening in the first place. JMHO
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Raoul Loustaunau
Phoenix, AZ
368,376
hard not to help other wise it would be a bigger disaster economically , thanks John
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Pete Xavier
Pacific Palisades, CA
921,504
40% of the wealth of Americans was lost in the 2009 crash brought to us by Bank of America. In 10 years, wall street is fully recovered, most real estate markets are recovered, optimism is higher, and jobs are still fleeing to trading partners.
Where would be be TODAY, had the banks not been bailed out? Had GM been allowed to collaspe? Had that middleware reinsurer had failed? Would we be beggin China for money like Greece is begging the EU today?
Big, big, big money institutions is the source of funding for those gigantic projects like power plants, major infrastructure projects, entitlement funding. Without these 'too big to fail' institutions, all our funding will be sourced to China and middle east, who intend to do harm to the USA.
If only a B or A executive had been relocated to a prison of notorious reputation in retributions for the lives and families their action destroyed. Nothing has changed except the greater burdened upon Jonny Six Pak and Linda Lunch Bucket. And this is always where the buck stops.
2,538,789
Good morning John. The concept of too big to fail has been around for some time and there is no simple answer. There will be a push to break up these big institutions.
1,683,918
There is nothing too big to fail, but as long as they keep paying their bailout money back, they will continue to get help.