Quote:
Originally Posted by JPhillips
But that's not the only option. I'll agree that the government needs to intervene in a major way, but to demand nothing from those companies benefiting from this handout is absurd. No equity in these companies. No additional regulations. No demands for new leadership. Nothing.
It may be better than doing nothing, but rewarding the biggest fuck-ups with the biggest handouts while requiring nothing is ridiculous.
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Oh dont get me wrong, I think i agree with you that there were other options on the table. One of the fastest ways to the vein is to write down or renegotiate people's mortgages (owner occupied). You want to save both the banks and give a quick injection of capital into the system (via confidence) and thats that. Thats just another of many options but an option had to be taken.