In hindsight.....

[OzmO]

Should we have just let them die?  Should Paulson have had Bear-Sterns go under along with the rest of them back in september of 2008?

Would it have we better in the long run?

[Soul Crusher]

Yes.   Would have sucked royally short term, long term far better off. 

[OzmO]

I am thinking it might have opened the door of opportunity for smaller banks that could never get as big as those. 

It's a moral hazard that was cheating in the free enterprise system. 

[240 is Back]

Yes.   Would have sucked royally short term, long term far better off. 

UNLESS our enemies would have seized upon this opportunity to move in and grab some of our assets, position, etc.

If China went broke tomorrow, you bet your ass there would be US "assistance" on their border and banks in about 3 minutes.  Our "help" would be in the form of all sorts of new business for us at their expense. 

So yeah, IMO, if our banks and govt went belly up economic-wise... They'd do the same.

[Soul Crusher]

UNLESS our enemies would have seized upon this opportunity to move in and grab some of our assets, position, etc.

If China went broke tomorrow, you bet your ass there would be US "assistance" on their border and banks in about 3 minutes.  Our "help" would be in the form of all sorts of new business for us at their expense. 

So yeah, IMO, if our banks and govt went belly up economic-wise... They'd do the same.

Sorry 240.   All the money devoted to the TBTF has collapsed main street and any and all lending to small business etc.    We are weaker for bailing out these vermin who are bigger than ever and nothing has changed but worse economy, lower dollar, etc. 

[240 is Back]

Sorry 240.   All the money devoted to the TBTF has collapsed main street and any and all lending to small business etc.    We are weaker for bailing out these vermin who are bigger than ever and nothing has changed but worse economy, lower dollar, etc. 

I'm not arguing about our current position in light of the bailout.

I'm arguing that IF the US economy tanked or tanks - our enemies capitalize.  Hard to estimate that kind of damage, or recoverability.

[Fury]

UNLESS our enemies would have seized upon this opportunity to move in and grab some of our assets, position, etc.

If China went broke tomorrow, you bet your ass there would be US "assistance" on their border and banks in about 3 minutes.  Our "help" would be in the form of all sorts of new business for us at their expense.  

So yeah, IMO, if our banks and govt went belly up economic-wise... They'd do the same.

China has already stepped in multiple times for the US AND Europe, champ. Where has it gotten us? Oh, that's right, just another delaying of the inevitable.

China is carrying bad loans that are equal to roughly 25% of their GDP (although they're claiming much lower). They're a c\/nt-hair away from their own economic collapse. And if China goes bye-bye there isn't going to be anyone stepping in.

Do you do any reading outside of MSNBC? I've never seen someone so willfully uninformed on so many topics.




240 claims to support Ron Paul yet he disagrees with Ron Paul's belief that there should have been no bailouts and he also disagrees with Paul's belief that we should have defaulted. Bandwagon douche bag.

[Soul Crusher]

I'm not arguing about our current position in light of the bailout.

I'm arguing that IF the US economy tanked or tanks - our enemies capitalize.  Hard to estimate that kind of damage, or recoverability.

They are capitalizing now and we are still up shits creek wo a paddle. 

[240 is Back]

China has already stepped in multiple times for the US AND Europe, champ. Where has it gotten us? Oh, that's right, just another delaying of the inevitable.

They are capitalizing now and we are still up shits creek wo a paddle. 

Re-read what I wrote.  If the US economy had collapsed.  It didn't.  We had to print a shitload of money, but it wasn't some liberal scheme - dems and repubs had to work together for it.

Now IF we had let things go - and let all the banks and auto collapse - I contend foreign govts and firms would have a MUCH stronger domestic position here than they have today.

[Soul Crusher]

Re-read what I wrote.  If the US economy had collapsed.  It didn't.  We had to print a shitload of money, but it wasn't some liberal scheme - dems and repubs had to work together for it.

Now IF we had let things go - and let all the banks and auto collapse - I contend foreign govts and firms would have a MUCH stronger domestic position here than they have today.

we did collapse!  we lost 8 million jobs and still have all the debt and horrible business regs and climate. 

[Fury]

Reread what I wrote. China has ALREADY stepped in multiple times to save the US and Europe from collapsing. Is there something in that sentence that is hard to grasp?

Where has it gotten us? This country continues to limber on with 0 growth and 17% U6. We could have been working towards recovery already. Instead, we're $15 trillion in debt and counting thanks to Team Fucktard. You go ahead and defend that.

we did collapse!  we lost 8 million jobs and still have all the debt and horrible business regs and climate.  

Everything is roses. That mile long line in Atlanta? An illusion!

[240 is Back]

we did collapse!  we lost 8 million jobs and still have all the debt and horrible business regs and climate. 

we had a crash, but collapse?

Okay, what would you call a situation where we allowed all the major banks to actually go into bankruptcy, along with the automakers, etc?

[Soul Crusher]

we had a crash, but collapse?

Okay, what would you call a situation where we allowed all the major banks to actually go into bankruptcy, along with the automakers, etc?

have you looked at anything I have posted in the depression thread? 

[Emmortal]

we had a crash, but collapse?

Okay, what would you call a situation where we allowed all the major banks to actually go into bankruptcy, along with the automakers, etc?

You'd call that a free market.

[Deicide]

Should we have just let them die?  Should Paulson have had Bear-Sterns go under along with the rest of them back in september of 2008?

Would it have we better in the long run?

ABSOLUTELY X100