Flame — HabitableZone

Flame » in reply to "The Crisis That Could Bring Down Obama"

re: "The Crisis That Could Bring Down Obama"

["The government took over institutions, fired the managers, wiped out investors, but protected depositors. A lot of savings and loans simply went out of business."]

Etc., etc., what makes the government better than those that they have chosen to bail out?

Hmm, "protecting the depositors"? I'm sure that for all intends and purposes that's to be tha case, but who is to protect the depositors from everything else? That would lead us to the middle class that aspired for something better (than a dead end).

I know, I know, but bailouts aren't going to do it.

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